According to the press release, the bank’s customers continue to adopt digital payments at record rates. While the percent of mobile wallet transactions is still relatively small compared to more traditional payment methods, transactions doubled over the past year, according to transaction and spending data from over 50 million active Bank of America credit and debit cards.
Earlier in February 2018, Bank of America announced plans to open more than 500 new branches across the US over the next four years.
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