Microsoft to launch ‘cloud-powered’ personal banking platform – Reuters
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Microsoft will launch a new personal banking product called Cloud Bank, it has been revealed.
The announcement comes as Microsoft and major banks including JP Morgan Chase and Bank of America are expected to unveil new cloud-based services in the coming months.
The new service will be integrated with the existing Microsoft Pay platform, which is designed to offer customers a way to pay their bills using digital currency.
The service is currently available in the US and Canada, with Microsoft currently planning to roll out the service to other markets over the coming years.
The launch of the service will see Microsoft pay users a small fee on top of their existing bank account balances to support the service.
The fee is currently around $25, but Microsoft is expected to expand the service in the future.
The company has previously announced plans to introduce new features and services to support Microsoft Pay, including a new “Cloud Banking” platform which will allow users to use their Microsoft accounts to make payments.
Microsoft will launch a new personal banking product called Cloud Bank, it has been revealed.The announcement comes as Microsoft and…
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