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Is Apple Pay Really a Major Fintech Player? - Market Mad House
This is big news because Chase is America’s largest bank and it operates 16,000 ATMs nationwide. Tellingly, Chase’s press release does not mention Apple Pay or Google Pay specifically it simply states “you can you use your phone’s mobile wallet.” The Chase announcement is big because it would enable customers to get cash without a wallet. That might get more people, particularly older folks who are afraid of being without cash to use mobile wallets.
daniel