Investment bank Goldman Sachs has extended credit lines worth $10bn to Apple Card users since Apple launched the credit card in the last quarter.
That is according to regulatory findings seen by Bloomberg.
Another key insight from the filings included the information that Apple Card customers had $736m in loan balances at the end of September.
Apple announced Apple Card during its March keynote event this year, revealing it would be included in the Apple Wallet App, enabling users to use it via their iPhones and to have more control of their financials.
At the time of the announcement, Jennifer Bailey, Apple’s vice president of Apple Pay, said, “Apple Card builds on the tremendous success of Apple Pay and delivers new experiences only possible with the power of iPhone.
“Apple Card is designed to help customers lead a healthier financial life, which starts with a better understanding of their spending so they can make smarter choices with their money, transparency to help them understand how much it will cost if they want to pay over time and ways to help them pay down their balance.”
Copyright © 2019 FinTech Global
