T-Mobile Hopes to Shake Up the Check-Cashing Industry, Too
Apparently rattling AT&T's cage is getting a little boring for T-Mobile.
On Tuesday, the No. 4 U.S. carrier announced a service called Mobile Money that aims to take aim at another necessary, if unpopular, segment of the U.S. economy: The finance industry.
Specifically, T-Mobile is hoping to offer an alternative for the 70 million or so U.S. adults that either have no bank account or have some bank services but still rely somewhat on check-cashing or payday-loan services.
—By Ina Fried, recode.net.
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