Why JPMorgan Is Pulling the Plug on Chase Pay App

The video discusses the challenges faced by JP Morgan's Chase Pay, highlighting its struggles in gaining market traction compared to competitors like PayPal. Despite significant investments in technology, Chase Pay has less than 1% merchant acceptance. JP Morgan is shifting its strategy to focus on online retail, aiming to compete with PayPal. The video also touches on JP Morgan's broader tech investments, including the JP Morgan coin, and the company's willingness to pivot when initiatives don't yield results. The future of Chase Pay is uncertain, especially with competition from Apple's credit card.

What realization did JP Morgan have regarding the usage of Chase Pay?

What strategy is JP Morgan adopting to compete with PayPal?

How does the acceptance of Chase Pay compare to PayPal among merchants?

What was the purpose of the JP Morgan coin initiative?

Why did Chase decide to pull back from its affinity card market in Canada?