US Banks Join Hands to Launch Digital Wallet to Compete With PayPal & Apple Pay
According to the latest report from the Wall Street Journal, big U.S. banks are collaborating to launch a Digital wallet . This wallet can be used by people to shop online and will cause direct competition with PayPal and Apple Pay . Some of these banks include Wells Fargo, Bank of America, JP Morgan Chase, and four others. All these banking giants are working to build a wallet that can be used for online checkout and payments with merchants and can also be linked with their debit and credit cards. JUST IN: 🇺🇸 US banks team up to launch a Digital wallet to compete with PayPal & Apple Pay . — Watcher.Guru (@WatcherGuru) January 23, 2023 The digital wallet will be managed by Early Warning Services LLC Early Warning Services LLC will be managing the Digital wallet , which is also operating the money transfer service, Zelle. The Digital wallet has not been given a name yet according to EWS. The new digital wallet is likely to begin off...