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Bank of America expands mobile wallet options

Wednesday 21 March 2018 13:03 CET | News

Bank of America has announced that its customers will be able to add multiple credit and debit cards to their PayPal account directly from the bank’s banking app.

According to the press release, the bank’s customers continue to adopt digital payments at record rates. While the percent of mobile wallet transactions is still relatively small compared to more traditional payment methods, transactions doubled over the past year, according to transaction and spending data from over 50 million active Bank of America credit and debit cards.

Earlier in February 2018, Bank of America announced plans to open more than 500 new branches across the US over the next four years.


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Keywords: Bank of America, mobile wallet, PayPal, mobile payments, credit card, debit card
Categories: Payments & Commerce
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Countries: World
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Payments & Commerce