Big banks go on the offensive against mobile wallet giants

Quick Summary:

Bank of America, JPMorgan, and other banks are creating a digital wallet to compete with Apple Pay and PayPal—but there's one catch.

The news: Bank of America, JPMorgan, and several other large banks will launch a digital wallet later this year that links to debit and credit cards, per the Wall Street Journal.

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Article Details

Category: EconomyBusiness

Markets: United States

Topics: Insider Intelligence - Finance BI Intelligence Content Marketing Finance BI Intelligence Insider Intelligence Financial Services News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-01-24 @ 16:25:36 (4 days ago)

News Timezone: GMT -5:00

Ranking: #2108 (out of 5517 stories this day)

News Source URL: businessinsider.com

Language: English

Article Length: 32 words

Reading Time: 1 minutes read

Sentences: 21 lines

Sentence Length: 2 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Insider

News ID: 4734233

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