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RBC expects challenge from tech giants over mobile payments: report

Media | 03/10/2015 8:25 pm EDT

The chief executive of the Royal Bank of Canada says his company is on a “collision course” with technology giants such as Apple Inc. and Google Inc. as the act of making payments with mobile devices becomes more mainstream, according to a report in the Financial Post. The newspaper reported Dave McKay told an investors conference in New York Tuesday that the companies making mobile payment technology available might come between the direct relationship the bank has with customers...