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Fintech Insider Podcast by 11:FS
833. News: Monzo and PensionBee target the US, while J.P. Morgan doubles down in France
Mar 11, 2024
Fintech news highlights include Monzo and PensionBee's US expansion plans, J.P. Morgan's partnership in France, gender disparities in workplace financial support, UK angel investment rule reversal, Indonesia's fintech success, Unicorn Council formation in the UK, and a dementia debit card winning on Dragon's Den.
01:09:16
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Quick takeaways
- PensionBee and Monzo plan US expansion, shaking up fintech market.
- JP Morgan partners with French payments network CB, challenging Visa and Mastercard dominance.
Deep dives
JP Morgan's Strategic Move to Join French Payments Network CB
JP Morgan Chase makes a strategic move by becoming the first US bank to join the French payments network, Carte Bancaire (CB). This partnership with CB allows JP Morgan's merchant customers to process payments via CB, creating a domestic rival to larger players like Visa and Mastercard. Utilizing CB for domestic payments in France offers competitive transaction costs, demonstrating JP Morgan's commitment to providing cost-effective services to its clients.
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