NEW YORK—Goldman Sachs is betting consumers will buy coffee through their car’s digital interface.
Goldman is seeking to acquire the credit card business of General Motors, doubling down on consumer banking and betting on a future where people pay for gas, takeout and groceries from the driver’s seat, The Wall Street Journal reported.
The firm is among a small number of bidders for the auto maker’s credit card business, which has about $3 billion in outstanding balances.
“There is no guarantee that GM will ultimately choose to replace its current card issuer, Capital One Financial Corp., or that Goldman will win. Barclays is also in the running…and a decision is expected in the next few weeks,” The Journal said.