Today, The Wall Street Journal reports that Apple has sent Goldman Sachs a proposal that will end their partnership within the next 12 to 15 months, leaving Apple to find a new backer for its financial products.

Tech giant proposed exiting contract in about 12-to-15 months.

Apple is ending its credit card partnership with Goldman Sachs, according to The Wall Street Journal. Apple plans to stop working with Goldman

Apple and Goldman Sachs are potentially ending their partnership four years after joining forces on an Apple credit card, The Wall Street Journal reports. The companies recently extended their agreement until 2029, but Apple proposes ending the contract in the next 12 to 15 months.

Apple forayed into the world of finance way back in 2019. The company introduced its own credit card and high-yield savings account services in partnership with American investment banking behemoth Goldman Sachs.

Apple is pulling the plug on its credit card partnership with Goldman Sachs Group, the Wall Street Journal reported on Tuesday. The tech giant recently sent a proposal to the Wall Street bank to exit the contract in the next 12 to 15 months,

In other news - Apple has informed Goldman Sachs that it plans to end its credit card program. The iPhone maker said it will wind down the program in 12 to 15 months, despite Goldman saying just a year ago that the deal would continue until at least 2029.