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Paypal, Apple along with other Alternative Financial Services Services Get competitors that are strong Conventional Banks

Paypal, Apple along with other Alternative Financial Services Services Get competitors that are strong Conventional Banks

In accordance with increasing usage of smart phones and growing need for innovative, quick and easy-to-use economic solutions, conventional banking institutions are dealing with increasing competition from alternative monetary solutions providers. Because of strong stress from such players as Paypal, Apple as well as others, use of e-banking solutions may be a necessity for banking institutions to be able to keep their share of the market. Continue reading