Tag "Apple"
Apple Claims Expanding Reach in Finance with 12M Credit Card Users and US$10B in Savings Balances
Apple has been steadily expanding its foothold in the financial services industry, with new data released by the company revealing more than 12 million users of its Apple Card credit card product, and US$10 billion in total balances in Apple
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Apple’s New Savings Account is a Hit
Apple’s new high-yield savings account is making a splash, drawing in nearly US$400 million worth of deposits on launch day. By the end of the first week, roughly 240,000 accounts had been opened, bringing in as much as US$990 million
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Apple Card’s Savings Account With High Interest Is Now Available Only for U.S. Users
Apple has announced that its card users in the U.S. can now set up a savings account from Goldman Sachs which offers a high-yield APY of 4.15 percent. This is more than 10 times the national average according to the
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Apple Rolls Out Its Pay Later Offering for Selected Users
Apple has rolled out its Buy Now, Pay Later offering in the U.S., allowing users to split purchases into four payments, spread over six weeks with no interest and no fees. Users can apply for Apple Pay Later loans of
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Apple Readies BNPL Launch
Apple is running an internal test of its buy now, pay later (BNPL) product, gearing up for the public release of the new service in the US. The feature, which was announced at the Worldwide Developers Conference 2022, is currently
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With an Estimated US$800B in Payments Processed Annually, Apple Has Become a Key Actor in the Global Fintech Scene
In 2022, Apple controlled an estimated US$800 billion worth of payments, making the American technology company a significant fintech player globally, a new report by Flagship Advisory Partners, a boutique consultancy and mergers and acquisitions advisory firm from the Netherlands,
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PayPal Ramps Up Integrations and Partnerships
PayPal has reached a new agreement with Apple that will see that two technology giants accept each other’s products in their respective payment ecosystems. The partnership is the latest in a series of collaborations announced by PayPal over the past
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Apple Card Partners With Goldman Sachs to Offer Savings Account Feature
Apple has partnered with Goldman Sachs to provide Apple Card users with a savings account where they will be able to automatically deposit their Daily Cash cashback rewards. Apple Card users will be able to set up, manage and monitor
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Payment Innovations Remain Apple’s Top Fintech Priority
With a market capitalization of more than US$2 trillion and over US$100 billion in annual profit, American technology giant Apple is one of the most valuable companies in the world. Widely known for its consumer electronics, including the Macintosh personal
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Apple Strengthens its Commitment to its Finance Business
Tech giant Apple is jumping deeper into financial services, moving away from its initial goal of providing finance solutions to retain customers and grow its core business of selling consumer electronics, to the broader aspiration of building a full-blown financial
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