J.P. Morgan Chase customers will no longer be able to pay with their phones in stores beginning next year.
The mobile payment app was launched in 2015 just as Apple Pay was gaining popularity.
The bank plans to add more retailers that accept Chase Pay through merchant apps including food ordering company Grubhub.customers will no longer be able to pay with their phones in stores beginning next year. The bank said it plans to shut down its Chase Pay app in early 2020. The mobile payment app was launched in 2015 just as Apple Pay was gaining popularity.
"The change we are announcing is one that is intended to focus our efforts where we see consumer behavior trending and merchants investing," Eric Connolly, head of Chase Pay, said in an email. "We see our biggest opportunity in working with merchants to provide easy payment solutions for customers through the Chase Pay button online and directly in merchant apps, which has seen double-digit growth for the last three years.
The bank announced that it plans to add more retailers that accept Chase Pay through merchant apps including food ordering company Grubhub., meant to lure millennials with zero fees and emojis, just a year after its nationwide release. It also ended an online small business loan partnership with On Deck this year.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
JP Morgan upgrades Beyond Meat after 40% drop: 'Stock is appealing once again'J.P. Morgan advised clients in a note early Tuesday that it was time to buy shares of Beyond Meat again.
Leer más »
Another ex-JP Morgan precious metals trader pleads guilty to 'spoofing,' is cooperating with FedsAnother former J.P. Morgan precious metals traders pleaded guilty Tuesday to criminal charges of manipulating the precious metals markets.
Leer más »
Tariffs will now cost American households up to $1,000 per year: J.P. MorganTariffs are expected to cost American households up to $1,000 per year when the next round goes into effect on September 1, according to a new note by J.P. Morgan.
Leer más »
Chase ends with driver doing yoga poses next to smashed car, officials sayAn erratic pursuit by deputies through a Northern California town last week ended when the driver crashed her vehicle into a utility pole and launched into an impromptu yoga session in a field, sheriff's officials said Tuesday.
Leer más »
Morgan Stanley: Risk of a global recession is 'high and rising'Morgan Stanley warns that 'the wheels for a slowdown are in motion,' adding that a slowdown in the manufacturing sector is spreading.
Leer más »
NASA spacewalk live: Watch ISS astronauts Nick Hague and Andrew Morgan over 6.5 hour missionThe main aim of the spacewalk is to install a special piece of equipment which will enable the space station to accommodate new spacecraft designed by private companies.
Leer más »