Bulletin
Investor Alert

Market Pulse Archives

Aug. 21, 2019, 7:10 a.m. EDT

JPMorgan to close stand-alone Chase Pay app in early 2020

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    JPMorgan Chase & Co. (JPM)
  • X
    GrubHub Inc. (GRUB)
  • X
    Starbucks Corp. (SBUX)

or Cancel Already have a watchlist? Log In

By Ciara Linnane

JPMorgan Chase & Co. /zigman2/quotes/205971034/composite JPM -0.30% said Wednesday that Chase is closing its stand-alone Chase Pay app in early 2020, although customers will be able to use Chase Pay in more merchant apps in the coming months. New customers coming on board include Grubhub /zigman2/quotes/210404212/composite GRUB -1.43% , the bank said in a statement. Eric Connolly, head of Chase Pay, said customers are using the Chase Pay button on merchant websites and in apps more than ever. ""So, we're shifting our focus to expand Chase Pay's presence in more merchant apps and websites," he said. Chase has 51 million digitally active customers who use Chase-issued Visa debit and credit cards, including at Starbucks /zigman2/quotes/207508890/composite SBUX -0.72% , Shell, United /zigman2/quotes/205037281/composite UAL -1.78% and elsewhere. JPMorgan shares were up 0.6% premarket, and have gained 10% in 2019, while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.09% has gained 11% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.18% has gained 16%.

/zigman2/quotes/205971034/composite
US : U.S.: NYSE
$ 137.46
-0.42 -0.30%
Volume: 6.63M
Feb. 14, 2020 6:30p
P/E Ratio
12.82
Dividend Yield
2.62%
Market Cap
$431.14 billion
Rev. per Employee
$497,647
loading...
/zigman2/quotes/210404212/composite
US : U.S.: NYSE
$ 50.39
-0.73 -1.43%
Volume: 2.11M
Feb. 14, 2020 6:30p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$4.61 billion
Rev. per Employee
$370,043
loading...
/zigman2/quotes/207508890/composite
US : U.S.: Nasdaq
$ 89.28
-0.65 -0.72%
Volume: 5.69M
Feb. 14, 2020 4:00p
P/E Ratio
29.18
Dividend Yield
1.84%
Market Cap
$104.79 billion
Rev. per Employee
$86,863
loading...
/zigman2/quotes/205037281/composite
US : U.S.: Nasdaq
$ 79.55
-1.44 -1.78%
Volume: 3.12M
Feb. 14, 2020 4:00p
P/E Ratio
6.84
Dividend Yield
N/A
Market Cap
$20.13 billion
Rev. per Employee
$448,946
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
29,398.08
-25.23 -0.09%
Volume: 232.55M
Feb. 14, 2020 5:06p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,380.16
+6.22 +0.18%
Volume: 1.67B
Feb. 14, 2020 5:06p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.