Q&A: Fintech expert: digital wallets need this tech ‘magic’ or they’ll failon February 6, 2023 at 11:00 Computerworld


Bank after bank has unsuccessfully tried to compete with the likes of Apple Pay, Google Pay, PayPal, and other established digital wallet players. And now, a consortium of US banks, including three of the largest, hopes to cash in on digital wallets again.

The problem: what they’re apparently pitching doesn’t offer any real advantage for consumers, according to analysts who are relying on details given exclusively to The Wall Street Journal.

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