JPMorgan Chase China Launches E-commerce Payments Platform


The Chinese subsidiary of the biggest bank in the United States has launched a new e-commerce payments platform in collaboration with a local fintech company.

JPMorgan Chase Bank (China) announced on 24 January that it had engaged in cooperation with a fintech company to launch an “integrated e-commerce solutions plan.”

The solutions plan will provide JP Morgan’s Chinese customers with an integrated interface for online and offline payments transactions, while also simultaneously supporting e-wallet and bank card payments.

Customers will also be able to use the solutions plan to access a comprehensive report and data analysis on all of their transactions.

“China is currently leading the development of global e-commerce and mobile payments, said Gu Wei (顾玮), fund services product manager for JPMorgan Chase in the greater China region according to a report from Sina.

“As a global leader in the fund management sector, JPMorgan Chase is making sizeable investments in this area with the goal of better serving customers and raising the innovation standards of the banking sector.”