Large banks partner to launch new digital wallet

Bank of America, JPMorgan Chase and Wells Fargo are among seven banks teaming to launch a digital wallet in the second half of the year to rival Apple Pay. 

As the new digital wallet is rolled out in North America, customer experience should be at the forefront, as use of digital wallets is already high. Forty-three percent of North Americans are using digital wallets, Cecilia Tamez, chief strategy officer at cross-border payment platform Dandelion, tells Bank Automation News in this episode of “The Buzz” podcast.