GM, Goldman Sachs and Mastercard partner on credit cards

General Motors (GM), The Goldman Sachs Group, and Mastercard will work together to deliver co-branded credit cards.

Goldman Sachs will be the issuing bank for GM’s credit card programmes as of September.

“We chose to partner with Goldman Sachs because of their proven ability to innovate,” said Chuck Thomson, GM general manager of retail sales and marketing support. “The foundation of this partnership, including our continued work with Mastercard, is our shared values – to put the customer at the centre and deliver exceptional experiences.”

Omer Ismail, Goldman Sachs global head of consumer business, said: “We are excited to partner with GM to reimagine the credit card experience for GM customers.

He added:“Our focus remains on delivering a simple and transparent experience that helps customers manage their spending and borrowing needs better.”

Linda Kirkpatrick, president of North America, Mastercard, said: “We are proud to renew our business with GM and launch this new program with Goldman Sachs,” said Linda Kirkpatrick, president of North America, Mastercard. “Together, we will drive innovation in loyalty, digital and next generation payment initiatives.”

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