T-Mobile May Venture Into Banking

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Posted 4 years ago


T-Mobile May Venture Into BankingI myself found myself walking out on a few rapid-talking salesmen about their “uncarrier” deal, and it’s with skepticism that I proceed.

I will just tell it straight:

T-Mobile said today that they are starting Mobile Money. “$0 cost” is the term being used for current T-Mobile users. A prepaid T-Mobile Visa card combined with a money management app, will help a current customer manage their finances.

Depositing paychecks, paying bills, and the other things a bank can do, Mobile Money will do. The plan is clearly aimed at those without a solid footing in banking institutions, having a scant amount of money to work with.

Rich Casale


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