I have no direct knowledge here but I find it curious these two would partner up for mobile payments.
What is the connection between them?
MCX or the Merchant Customer Exchange, recently acquired by Chase. The technology piece to MCX largely came from Paydiant, purchased by PayPal.
Ding ding.
Read on:
http://www.qrcodepress.com/j-p-morgan-chase-paypal-mobile-payments-deal-announced/8533580/
Here is a snippet from the piece:
The Chase Pay service is a form of mobile wallet app launched near the end of 2016. It was released for the purpose of boosting in-store and online purchases using credit and debit cards. The new deal with PayPal mobile payments will have a phased roll out which will be complete by 2018. The two companies are working together to simplify loading J.P. Morgan issued cards into PayPal’s app. It will also make it possible for J.P. Morgan Chase customers to use their rewards points when they use PayPal to pay for their purchases of products and services.
Happy Reading,
J.W. Gant
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