JPMorgan to shut down Chase Pay app

JPMorgan Chase announced its Chase Pay mobile payments app will be shut down for in-store use starting in early 2020.

The payment solution no longer will work at physical point-of-sale terminals. It still will be available online and through supported apps.

"When we started this, it was four years ago — the payment space has changed a lot over the period of time and customer behavior has changed," Chase Pay chief Eric Connolly said. "A lot of merchants have shifted to buy online, pick up in store and have invested in their online presence and their apps."

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