Home » General World News » THE TECH COMPANIES IN PAYMENTS REPORT: How technology giants are using their reach and digital prowess to take on traditional banks (GOOG, GOOGL, AAPL, FB, MSFT, AMZN)

THE TECH COMPANIES IN PAYMENTS REPORT: How technology giants are using their reach and digital prowess to take on traditional banks (GOOG, GOOGL, AAPL, FB, MSFT, AMZN)





Millennials Trust Tech Payments

As headlines like “Amazon Is Secretly Becoming a Bank” and “Google Wants to Be a Bank Now” increasingly crop up in the news, tech giants are coming into the spotlight as the next potential payments disruptors.

And with these firms’ broad reach and hefty resources, the possibility that they’ll descend on financial services is a hard narrative to shy away from. To mitigate potential losses under this scenario, traditional players will have to grasp not only the level of the threat, but also which segments of the financial industry are most at risk of disruption.

Google, Apple, Facebook, Amazon, read more >>>

Source:: BusinessInsider.Com

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