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Several banks are reportedly working on a digital wallet that links with debit and credit cards, in a bid to compete with Apple Pay and PayPal, the Wall Street Journal reports.

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United States

Bank of America, JPMorgan and other banks reportedly team up on digital wallet to rival Apple Pay

According to The Wall Street Journal, the digital wallet would be operated by Early Warning Systems, a joint venture from several banks that also runs Zelle.

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Roberts family

PayPal helped make it easy for consumers to store their payment information for online purchases. Now the banks want in on that game

MarketWatch

Murdoch family

The big banks want to take on PayPal in e-commerce, but that's harder than it seems

Financial institutions behind Zelle are working on a wallet for consumers to use at online checkout

Wall Street Journal

New York

Banks Plan Payment Wallet to Compete With PayPal, Apple Pay

The banks considered a plan to use Zelle for online shopping, but the proposal was axed due to concerns about fraud.

Just the News

Washington

District of Columbia

Major banks working to launch digital wallet to compete with PayPal, Apple Pay

The banks that are behind peer payment app Zelle are now developing a digital wallet to compete with the liked of PayPal and Apple Pay, the Wall Street Journal reported Monday,...

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Banks behind Zelle to develop digital wallet to compete with PayPal, Apple (NYSE:BAC)

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California

Wells Fargo, BofA, JPMorgan, and four other banks are working on a digital wallet, managed by Zelle owner Early Warning Services, rolling out in H2 2023

The banks already operate the peer-to-peer payments service Zelle. A Wall Street Journal report said the new  wallet could be launched this year.

Barron's

Big Banks Are Coming After PayPal and Apple With Digital Wallet

Early Warning Services LLC, the payments company jointly owned by banks including JPMorgan Chase &amp; Co. and Wells Fargo &amp; Co., is developing a digital wallet in an effort to challenge PayPal Holdings Inc.’s dominance in online payments.

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Arlington County

Virginia

JPMorgan, BofA, Other Banks Partner on Online-Shopping Wallet

According to recent reports, major US banks are collaborating to launch a digital wallet that will compete directly with PayPal and Apple Pay.

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US Banks Join Hands to Launch Digital Wallet That Will Compete With PayPal & Apple Pay

Big Wall Street banks JP Morgan Chase, Wells Fargo, and Bank of America could in future add crypto based payments in the upcoming wallet.

Banks Plan Payment Wallet to Compete With PayPal, Apple Pay

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