Apple Inc has launched new credit credit card with Goldman Sachs Group for financial transactions.
The Apple Card customer agreement says the card cannot be used to purchase cash advances or cash equivalents that include cryptocurrencies, casino gaming chips, race track wagers or lottery tickets.
The Apple Card is part of a broader effort by Apple to derive more of its revenue from services after years of heavily reliance on iPhone sales, which declined 12% in the most recent quarter.
Goldman Sachs’ Apple partnership is part of the investment bank’s effort to build strong costumer relationship.
