Visa Joins Bidding to Replace Mastercard as Apple Card Payments Network [Video]

Post author By Curator
Post date April 3, 2025

The list of payment networks looking to align with Apple Card is growing, with Visa becoming the latest to enter the fray.

According to an exclusive report from The Wall Street Journal, Visa is offering the tech company an upfront payment of nearly $100 million in trying to secure the Apple Card contract.

Visa joins American Express in trying to replace Mastercard, the current payment network company attached to the card. However, Mastercard is not going down with a fight, as it looks to remain connected to Apple Card while seeking to expand its ongoing relationship with Apple.

The Journal also reported that Mastercard would want to incorporate its fintech products into the Apple ecosystem. For example, its Finicity would offer a plug-in enabling Mastercard’s users to monitor their deposit account balances within Apple’s software.

Running parallel with this bidding war is the fact that Apple Card is also looking for a new bank issuer as Goldman Sachs is exiting the consumer …

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How to Purchase and Manage Your Inventory with airSlate [Video]

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