Big banks are closing branches and investing in more important real estate—your phone

The most important real estate in the world for banks is on your mobile phone—physical branches are closing down, and more investment is being made in digital wallets. This week, JPMorgan launched a partnership with PayPal, bolstering both companies’ digital payment networks. The most recent round of bank earnings provides a window into the shift…

via Big banks are closing branches and investing in more important real estate—your phone

Posted by Libergirl

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