Commercial and investment banking major J.P. Morgan Chase & Co. (JPM) recently announced that it will be providing credit card payments processing support to Alibaba.com, the B2B business unit of Alibaba Group, in the U.S. Following the news, shares of the company declined marginally on Thursday. The stock, however, pared its losses slightly to close at $158.15 in extended trade. With online sales hitting new highs daily, seamless payment processing systems are necessary to offer customers a hassle-free experience. With J.P. Morgan’s payments processing capabilities, Alipay, a leading digital life services platform operated by Ant Group, can now provide improved card payment services in the U.S. for Alibaba.com.
https://www.tipranks.com/news/j-p-morgan-to-provide-card-payment-processing-services-for-alibaba-com-in-u-s?utm_source=advfn.com&utm_medium=referral
JP Morgan Chase (NYSE:JPM)
Historical Stock Chart
From Sep 2021 to Oct 2021 Click Here for more JP Morgan Chase Charts.
JP Morgan Chase (NYSE:JPM)
Historical Stock Chart
From Oct 2020 to Oct 2021 Click Here for more JP Morgan Chase Charts.