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Are China's Mobile Payment Schemes a US Banker's Worst Nightmare? – PaymentsJournal


PaymentsJournal

Are China’s Mobile Payment Schemes a US Banker’s Worst Nightmare?
PaymentsJournal
Another source of revenue that could be threatened is overdraft and ATM fees, if technology firms started taking deposits and mobile wallets reduced the need for cash. Bloomberg estimates the size of each revenue pool as $1.8B in overdraft fees and

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