Battle for the Apple Card heats up as Visa offers $100M to unseat Mastercard 💳🍎; PayPal expands its advertising platform to UK 🇬🇧🛍️; Stablecoin regulation advances in Congress 🪙🇺🇸
FinTech is Eating the World, 4 April
Hey Everyone,
Good morning & happy Friday! Today’s issue is a brilliant one to finish off a busy week in FinTech. We’re looking into the intensifying battle for the Apple as Visa is now offering $100M to unseat Mastercard (what’s happening & why it matters + bonus deep dives into Apple Card & more inside), PayPal, which just expanded its advertising platform to the UK (why it matters & what to expect next + bonus deep dive into PayPal), and stablecoin regulation that’s advancing in Congress (holistic recap of what’s happening, why it matters & what’s next + bonus deep dive into Circle’s IPO filing & more!). Let’s jump straight into the paradigm-setting stuff 🌶️
Battle for the Apple Card heats up as Visa offers $100 million to unseat Mastercard 💳🍎
The news 🗞️ Visa V 0.00%↑ has made a bold move in the payments industry, offering Apple AAPL 0.00%↑ around $100 million to take over the network services for the Apple Card, currently operated by Mastercard MA 0.00%↑.
This high-stakes competition comes as Goldman Sachs GS 0.00%↑ exits its role as the card's issuer, creating a rare opportunity in the financial services landscape.
Let’s take a quick look into this, see why it matters, and what’s next.