JPMorgan Increases Investment in APAC Digital Payments

J.P. Morgan is expanding its digital payments businesses in Asia with its investment in In-Solutions Global.

FREMONT, CA:With its investment in In-Solutions Global, J.P. Morgan is expanding its digital payments operations in Asia. A news release sent to PYMNTS described the partnership announcement as the company's first significant investment since its founding in 2004.

In-Solutions Global, a payments-as-a-service platform with its headquarters in India, makes it easier for its clients to onboard and receive specialised services by streamlining the payment collecting process. Combining forces through this strategic investment will enable J.P. Morgan to deliver globally consistent and locally relevant payment solutions to its clients as they grow their businesses today and into the future.

The company's recently redesigned initiative to increase its merchant investments in the APAC area, unveiled on October 27, also includes J.P. Morgan's investment in the digital payments company.

The APAC payments market is continuing to develop quickly, and this investment demonstrates its dedication to assisting clients in digitising, optimising, and streamlining their payment processes in one of the world's fastest-growing e-commerce areas. According to the December PYMNTS research, the Emerging APAC Opportunity: Local Payment Methods, digital payments and eCommerce retailers are growing in popularity in Asian nations.

In the next three years, 40 per cent of global e-commerce retailers intend to expand into the APAC region, and 13 per cent of those retailers already accept digital wallet payments from regional APAC businesses.

J.P. Morgan is positioning itself for long-term success in its APAC ventures like In-Solutions Global by investing more in digital payments startups operating in the region.

For clients operating in or growing in the region, will continue to invest in solutions that are integrated and scalable.

Through its purchase of 48.5 per cent of the Greek payment company Viva Wallet, J.P. Morgan increased its investment in the digital payments industry. Early this week is when the USD 800 million agreement is anticipated to be publicly disclosed. With this investment in Viva Wallet, the business is now accessible to 24 countries in Europe via online retailers.