JPMorgan Chase Looking to Take Back Payments Market Share

JPMorgan Chase recently merged their business-to-business treasury services unit with its consumer-to-business merchant services unit in a bid to take on fintech payments companies; the new combined unit will allow JPMorgan to offer businesses a single payments system for consumers and corporate payments; the head of the unit, Takis Georgakopoulos, believes they can double their market share in global treasury services within the next few years; the new unit is already paying off by exceeding the previous growth of 8 percent. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.