Digital wallets will soon be demanded by the customers of all banks , said Members ' Bank , which halted the development of its credit card platform to concentrate on launching a digital wallet service as soon as possible . The bank 's statutory profit declined by 11 % in H1 results , due to both the decision to halt the credit card platform and the decommissioning of an IT system . “We’d call that as the tipping point now, and we just feel that it’s very important that we give our customers that access, and so that’s exactly why we’ve made the decision to divert our resources onto that, to bring that to our customer base as quickly as practical.” Defending the bank 's decision , CEO Jamie McPhee said all banks will need to launch digital wallet services within a year and the trend would lead to a decline in plastic ##s .
Digital wallets will soon be demanded by the customers of all banks , said Members ' Bank , which halted the development of its credit card platform to concentrate on launching a digital wallet service as soon as possible . The bank 's statutory profit declined by 11 % in H1 results , due to both the decision to halt the credit card platform and the decommissioning of an IT system . Defending the bank 's decision , CEO Jamie McPhee said all banks will need to launch digital wallet services within a year and the trend would lead to a decline in plastic ##s .