Apple vs. Banks: The Digital-Wallet War, Explained | WSJ

Adolf Goebbels
Published on Apr 3, 2023
Digital wallets like Apple Pay are continuing to grow in popularity. Banks are worried theyâ€™re losing ground to tech companies eager to gain market share in consumer payments.

One of traditional financeâ€™s biggest threats is Apple. Hereâ€™s how big banks are fighting back.

0:00 How digital wallets like Apple Pay work
0:43 How banks are competing against Apple Pay
3:45 Can banks succeed in creating their own digital wallets?

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