- Wells Fargo Wallet will be available this summer via Android smartphone app, the bank is expected to announce today. In this, Wells Fargo (NYSE:WFC) will be joining JPMorgan in taking on Apple Pay and Android Pay, as well as offerings from others in which customers hold their phone over a payment terminal to pay.
- The service would not be available on iDevices.
- The total value of mobile-payments transactions is expected to hit $27B this year, more than triple from last year; it could reach $210B by 2019, according to EMarketer.