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Are digital wallets safe? Here’s what to know as the battle between big banks and Apple Pay heats up - TL;DR CNBC

Are digital wallets safe? Here’s what to know as the battle between big banks and Apple Pay heats up

Publishing timestamp: 2023-01-24 15:28:06


Summary

Several large banks behind Zelle are creating their own digital wallet to compete with Apple Pay and PayPal. This could be beneficial for consumers, but there are still risks to consider. Consumers should be aware of the risks and take precautions when using digital wallets.


Sentiment: MIXED

Tickers: PYPLGSAAPL

Keywords: personal financeinvestment strategybusiness newsbankspaypal holdings incfintechapple incgoldman sachs group incpersonal loans

Source: https://www.cnbc.com/2023/01/24/big-banks-vs-apple-pay-the-battle-for-your-digital-wallet-heats-up.html


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