Visa offers $ 100 million to secure the Apple card network in an attempt to overcome MasterCard: Report – Apple (Nasdaq: Aapl), American Express (NYSE: AXP)

Visa Inc. Fifth According to what was reported, it was proposed to pay 100 million dollars to Apple Inc. Aapl To secure the Apple card network. This step comes amid fierce competition between the country’s leading payment networks.

What happened: Apple card is up to seize Goldman Sach Group Inc. GSThe bank currently supports it is planning to get out of the consumer lending sector. Main banks such as Jpmorgan Chase & Co. Jpm and Synchrony Financial They compete to seize as the source of the card. Visa interfered with a $ 100 million offer to secure the Apple card network,

The visa, Apple and MasterCard did not respond immediately Banznaga Request to comment.

Meanwhile, payment networks, including Visa Inc. and American Express AxpIn a narrow race to replace it MasterCard Inc. M As a Apple Card Network. Apple Inc. is expected to choose Apple Inc. A network for its card before choosing a bank to replace the Goldman Sachs Group Inc. Visa Inc. And it is the largest network, which made a bold offer to win the card, as it presented a batch in advance to the Apple, which is usually dedicated to the largest card programs, according to a report to a report Wall Street Magazine.

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MasterCard Inc. It also makes a strong effort to keep its role as a Apple card, and to explore the use of Fintech, and its value, to enable consumers to display their deposit account balances within the environmental Apple system.

Why do it matterApple Cards, which is about 20 billion dollars in the balances, is one of the largest deals that carry a joint brand to change the two exporters. It is expected that the network that provides this deal will remain closely related to the future payment efforts of Apple. Visa Inc. still It is the leading payment company in the payment of payments, but MasterCard Inc. She surpassed her rival in growth. This competition can significantly affect the Apple Card Network in the power balance in the payment industry.

The results of this competition can have significant impacts on the future of Apple payment efforts and payment industry as a whole.

Visa has a momentum of 89.49 % and a quality classification of 81.30 %, according to the Royal Edge Rating in Benzinga. For an in -depth report on more shares and visions of growth opportunities, subscribe to Benzinga Edge.

The visa shares lost 1.13 % to close at $ 346.35 on Tuesday. The stock has increased by more than 25 % over the past six months.

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Slip: This content was partially produced with the help of artificial intelligence tools and was reviewed and published by Beenzinga editors.