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Amazon Looking Into Personal Banking for Younger Customers

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According to The Wall Street Journal, Amazon has approached several banks about creating a “checking-account-like product." The plan is meant reportedly meant for “younger customers and those without bank accounts.” The online retail giant already sells branded credit cards which offer cash advances at a variable rate and offers Amazon Pay, which is set to roll out more broadly at the company's cashierless convenience stores. Right now, it’s unclear what an Amazon debit account will look like, or how much of its consumers’ data will be shared with other arms of the business.

Added on the 05/03/2018 14:07:27 - Copyright : Wochit

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