Chase expands merchant acquiring and SME banking in Canada
JPMorgan Chase announced merchant acquiring expansion and SME banking partnership with Canadian Federation of Independent Business on November 14, 2022.
- Primary
- JPMorgan Chase
- Counterparty
- Canadian Federation of Independent Business
- Structure
- merchant acquiring expansion and SME banking partnership
- Date
- November 14, 2022
- Sub-sector
- Payments
Chase leverages existing merchant acquiring platform (80,000 clients, top-3 acquirer) to expand into bundled SME banking services, competing directly with RBC/BMO/TD incumbents.
Source: americanbanker.com