Banks behind Zelle to develop digital wallet to compete with PayPal, Apple (updated)

Jan. 23, 2023 1:06 PM ETBank of America Corporation (BAC), WFC, JPM, USB, TFC, PNC, COF, GS, AAPL, PYPLBy: Liz Kiesche, SA News Editor66 Comments

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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, citing people familiar with the plan.

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