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T-Mobile Hopes to Shake Up the Check-Cashing Industry, Too

Wednesday, 22 Jan 2014 | 6:45 AM ET

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.

Read the full story on Recode.

By Ina Fried, recode.net.

CNBC's parent NBC Universal is an investor in re/code's parent Revere Digital, and the companies have a content-sharing arrangement.

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