‘Chase Pay’ being a digital interface of JP Morgan Chase’s could not compete to be the preferred online wallet choice of the customers.
It will be removed from all merchant apps and websites from March 31, 2021.
The bank published notice with complete list of merchants accepting Chase Pay and for adding individually to shopping sites and app.
This came noticeable after a year the bank shut its digital wallet’s mobile application, noted by Bloomberg.
However, ‘Pay Pal’ has successfully continued to be the choice of merchants and online retailers. Evolving technology has paved way for integrating merchant point of sale.
Pablo Rodriguez spokesperson for JP Morgan has said that “popular features are incorporated with points and logging receipts directly into chase mobile application and chase.com”.
“We are integrating digital experiences with merchant clients in their own respective sites”, he added in an interview with Bloomberg.
Launched in the year 2015, Chase Pay was a challenge to the recently debuted Apple Pay, Visa, Master Card and American Express.
However, this payment network button failed to gather the popularity.
Above all, when customers preferred paying through card, the bank discontinued the Chase Pay app mostly in stores in 2019 but the service continued on websites and retailer app.
Most importantly, the acceptance of Pay Pal by online merchants remained at 70 percent to 1 percent hosting Chase Pay. A study by industry publication Pymnts.com highlighted.
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