Apple vs. Banks: The Digital-Wallet War, Explained | WSJ
Digital wallets like Apple Pay are continuing to grow in popularity. Banks are worried they’re losing ground to tech companies eager to gain market share in consumer payments.
One of traditional finance’s biggest threats is Apple. Here’s how big banks are fighting back.
0:00 How digital wallets like Apple Pay work
0:43 How banks are competing against Apple Pay
3:45 Can banks succeed in creating their own digital wallets?
News Explainers
Some days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break down the day's biggest stories into bite-size pieces to help you make sense of the news.
#ApplePay #DigitalWallet #WSJ
Watch video Apple vs. Banks: The Digital-Wallet War, Explained | WSJ online without registration, duration hours minute second in high quality. This video was added by user The Wall Street Journal 29 March 2023, don't forget to share it with your friends and acquaintances, it has been viewed on our site 1,259,151 once and liked it 18 thousand people.