fbpx

Stay Informed. Stay Competitive with FREE Insights on the Stock Market, Dow 30 & Emerging Opportunities. Get Free Email Updates

Stay Competitive With Stock Market Updates!

Get Free Updates

JPMorgan Announces New Real-Time Payments Service – “Request for Pay”

By John F. Heerdink, Jr.

Reportedly, JPMorgan Chase & Co (JPM) has launched a real-time payments option, “Request for Pay” hoping to expand its edge in the financial industry’s battle to handle more of the increasing volumes of global digital payments. The new addition allows corporate clients to send payment requests to the bank’s millions of retail clients who use its website or app, reducing the cost and time it takes for those companies to get paid.

JP Morgan invests heavily in the sector which has risen sharply as more commerce occurs online, especially now during the coronavirus lockdowns. Recently the service went live last month and began a pilot phase with its first corporate client which was a fintech company, however, the executives declined to name the company.

“Our job is to give multiple different payment types so corporates and merchants can provide the right options to their customers,” stated Cyrus Bhathawalla, the bank’s global head of real-time payments.


JPMorgan Chase & Co (JPM) is a global financial service leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset management, and commercial banking. To learn more about JPMorgan Chase & Co. (JPM) and to continue to track its progress please visit the Vista Partners JPMorgan Chase & Co. Coverage Page.


Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive! Please join us at Vista Partners, and receive our FREE email updates throughout the week and view our exclusive content and research.


(Read Original Story: JPMorgan launches new real-time payments service in Reuters)


YOUR GUIDE TO STAYING INFORMED IN THE MARKETS

Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us