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I think Rogers in Canada has already done that, haven't they? It might be hard, but it is not impossible to get a banking licence, if you have the money for it.
by jagermo 11y ago
I think Rogers in Canada has already done that, haven't they? It might be hard, but it is not impossible to get a banking licence, if you have the money for it.
- martin_drapeau 11y agoApple doesn't have to become a bank. There is a lot of money to be made sitting between the bank and the customer (2%~5% of a transaction). Today, VISA and Mastercard grab most of that. Apple could replace them. In a few years, there will be more Apple devices with Apple Pay than issued VISAs. When Apple Pay is accepted everywhere, credit cards will be doomed.