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Exclusive | Visa Offers Apple Roughly $100 Million to Take Over Credit Card from Mastercard - WSJ

1. Visa offers $100 million to Apple for credit card partnership. 2. Goldman Sachs exits consumer lending, opening Apple card opportunities. 3. Visa competes with Mastercard and American Express for Apple card. 4. Apple's card has $20 billion in balances, attracting major banks. 5. The chosen network will have future opportunities with Apple's payment services.

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FAQ

Why Bullish?

Visa's aggressive bid highlights its commitment to growth. Historically, partnerships with Apple have boosted stock value.

How important is it?

The article outlines a critical competitive opportunity for Visa, directly influencing market position.

Why Long Term?

Winning the Apple card may lead to sustained revenue growth as consumer spending evolves.

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