Apple intends to distribute credit cards through a payment service Apple Pay. According to The Wall Street Journal, citing informed sources. To do this, the company plans to conclude a partnership agreement with banks that will provide immediate emission of virtual “plastic” and provide users with credit limit.
According to The Wall Street Journal, the launch of credit cards in Apple Pay will take place in 2019. At an early stage the role of the Issuer is to fulfill the American Bank Goldman Sachs. This means that, initially, the opportunity to apply for a credit card with Apple Pay will be available only to residents of the United States. About Apple’s plans to launch a similar service in other countries is not reported.
The opportunity to apply for a credit card through the mobile payment service is a natural stage in the development of Apple Pay, which will have a direct impact on its further dissemination, affirm the interlocutors of The Wall Street Journal. In the case of successful negotiations, Apple Pay has the potential to become a product with the makings of a full-fledged payment system.