https://www.theverge.com/2019/2/21/18234510/apple-goldman-sachs-credit-card-mastercard-wallet-marcus-bank

Apple and Goldman Sachs are gearing up to launch a joint credit card later this year, a report from The Wall Street Journal claims. The main selling point of the card is expected to be deeper integration with the Apple Wallet app, which will allow users to manage balances and set spending goals. According to the Journal’s sources, the card will begin internal testing in the coming weeks in advance of its public launch.

The partnership is being explored as both Apple and Goldman Sachs look to replace declining revenues in other areas of their business, according to the report. Apple is increasingly turning to services as hardware revenue softens, and the new credit card is expected to generate more revenue than its existing Apple Pay commission. In addition to these banking plans, Apple is also reportedly planning to launch video streaming and news services, the latter of which could be announced as early as next month.