Will Mobile Wallets Kill Bank Branches?

The convenience of the “mobile wallet” for making payments and accessing bank accounts from anywhere, at any time, could change the definition of “banking hours” — and the need for bank branches.

In a recent Deloitte LLC video presentation, Brian Johnston, principal, Deloitte Consulting LLP, said that, “Out of the top 25 banks, I am not sure that there is one out there that doesn’t have some type of focus or initiative in place right now on the…
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