It's now every bank for itself as the next generation of payments technologies eye new opportunities
Thu, Feb 01, 2018 - 5:50 AM
ABN Amro announced that it was pulling out of a common mobile payments system for Dutch banks, Payconiq, on the day of its launch last week. Its motive for leaving is the success of its own smartphone application, Tikkie.
A NEW common mobile payments system for Dutch banks has been hobbled by the decision of two big lenders to focus elsewhere, highlighting the challenges that major lenders face in fending off financial technology rivals.
ABN Amro announced that it was pulling out of the...