J.P. Morgan China launches new payment solution platform

J.P. Morgan China has launched an integrated payment solution to support corporates as they migrate their commerce activities onto digital platforms.

The payment solution offers J.P. Morgan China’s clients a single integrated interface that supports both online and offline transactions as well as facilitating payments from mobile channels such as e-wallets.

According to J.P. Morgan, the solution also provides clients with consolidated reports on all transactions as well as insights on payment trends through analysis of data.

Shanghai-based cosmetics firm Amorepacific Trading Company has been benefiting from the one-stop solution, J.P. Morgan revealed.

Chris Choi, CFO of Amorepacific Trading Company, said: “The solution from J.P. Morgan has improved the efficiency of our payment processes while providing our customers with secure and seamless transactions.”

“We are delighted to be working with a bank like J.P. Morgan that has the experience and advisory skills to support us as we continue to expand our business across markets.”

Rani Gu, head of treasury services, China, and head of treasury services product, Greater China, added: “We are pleased to roll out an innovative solution that supports our clients’ needs amid a rapidly evolving payments landscape.”

“China is taking the lead in e-commerce and mobile payments worldwide. As a global leader in cash management, J.P. Morgan has been investing heavily in this space to serve our clients and raising the bar on innovation in the banking industry. ”