Post #116 Bank of America CEO: ‘We Want a Cashless Society’

In that respect, the shift to a “cashless society” is one that Bank of America is embracing. “We want a cashless society,” he said. “We have more to gain than anybody from a pure operating costs

With 27 million mobile customers, 37 million digital customers, and more than half of its transactions already “digitized” via methods like payments application Zelle, Moynihan said the banking industry “will continue to move” toward a digital, tech-enabled models—which, as he noted, are cheaper and more efficient than traditional methods.

https://fortune.com/2019/06/19/bank-of-america-ceo-cashless

Refer to post #114 #115