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Apple Pay a wake-up call to Canada’s banks — and Toronto’s economy: Wells

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The arrival of Apple Pay reminds us that banking in the modern age is an inherently intangible industry. Pricewaterhouse Coopers used that language in a report two years ago as it explored how banking is “almost uniquely suitable for digitization and online delivery.” This has enabled emerging economies to bypass the bricks and mortar, or “branch-and-mainframe” phase of banking.

For more on this story visit the following link: Apple Pay a wake-up call to Canada’s banks — and Toronto’s economy: Wells

Source: The Star

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