America’s biggest banks are teaming up to take on Apple Pay and PayPal with a new digital wallet. Analysts think it could flop

America’s biggest banks are teaming up to take on Apple Pay and PayPal with a new digital wallet. Analysts think it could flop

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Ever since PayPal, Apple Pay, and Cash App lured hundreds of millions of users to their digital wallets, big banks have grasped for ways to pull them back into services they control. The latest example is a push by seven banks, including Bank of America and JP Morgan Chase, to build a wallet of…

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