How Apple is saving the banks (for a fee)

Apple Pay, Apple Pay Cash, Apple Card and Wallet are hugely disruptive solutions that show how Apple could threaten the retail banking sector  – or, help it to thrive (for a fee).

We’re not a bank

Speaking at a CNNconference last week, Apple’s VP Internet Services, Jennifer Bailey discussed Apple’s plansaround Apple Pay.

She made a highly significant statement retail banking professionals should think deeply about: “We’re not interested in being a bank… particularly the regulated part of that.”

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Source: Computer World