7 Banks Team Up to Create Digital Wallet, Challenging PayPal and Apple Pay
Retail TouchPoints
JANUARY 24, 2023
JPMorgan Chase , Bank of America , Wells Fargo and the four other banks behind the money transfer network Zelle are developing a digital wallet to challenge the dominance of PayPal and Apple Pay. The digital wallet will be managed by Early Warning Services (EWS) , the company that operates Zelle, but will operate separately from Zelle.
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