Goldman will be the issuing bank for GM's credit card programmes starting in September 2021. Mastercard will remain the network of choice, according to a joint release. The announcement comes just a few months after Goldman Sachs Group purchased GM's credit card business for about USD 2.5 billion, outbidding rival Barclays, the Wall Street Journal reported, cited by FoxBusiness.com.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.