Wells Fargo to roll out new mobile wallet

Wells Fargo Bank is set to roll out a new mobile wallet later this summer.

Wells Fargo to roll out new mobile wallet

Wells Fargo Bank is set to roll out a new mobile wallet later this summer enabling its users to make NFC payments directly from the Wells Fargo mobile app.

Dubbed Wells Fargo Wallet, the mobile wallet will be integrated into the existing Wells Fargo mobile app for Android users, making for a comprehensive, all-inclusive mobile banking and payment experience.

Wells Fargo Wallet will add eligible Wells Fargo debit and credit cards so that customers can easily make purchases by tapping an Android phone at NFC-enabled payment terminals across the world.

Additionally, the new wallet will allow customers to view account balance information within the app before and immediately after a purchase.

Customers can also use Wells Fargo Wallet to complete ATM transactions without using a physical debit or ATM card.

To make this experience hassle free, more than 40% of Wells Fargo’s ATMs will have cardless technology by the end of 2016.

Wells Fargo head of virtual channels Jim Smith said: “Today we’re pleased to announce Wells Fargo Wallet for Android users, giving customers the unique ability to make secure NFC payments directly from the Wells Fargo mobile app.

“We know mobile is key to the future of payments, and we expect Wells Fargo Wallet to provide us a richer understanding of the quickly evolving landscape.”