Motley Fool Money Big Banks vs. Apple & PayPal
Jan 23, 2023
Jason Moser, a senior analyst at Motley Fool, shares insights on the fierce competition between major banks and digital giants like Apple Wallet and PayPal, as banks team up to launch their own digital wallet. The discussion also touches on Spotify's recent layoffs and financial challenges in the streaming industry. Asit Sharma dives into corporate governance, dissecting Funko's leadership changes and the vital role of transparency and engagement in rebuilding shareholder trust. The episode offers a thrilling look at market dynamics and corporate strategies.
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Big Banks Team Up
- Major banks are teaming up to create a digital wallet like "The Avengers with Excel spreadsheets."
- They aim to compete with Apple Wallet and PayPal.
Digital Wallet Challenge
- Seven major banks plan a digital wallet to rival PayPal and Apple Wallet, launching in the second half of 2023.
- Jason Moser questions their potential success, citing established competitors and ingrained consumer habits.
Zelle Usability Issues
- Jason Moser recounts his unsuccessful attempts to use Zelle, highlighting its usability issues.
- He prefers other platforms like PayPal and Venmo due to their ease of use.