JPMorgan Chase is set to shutter its stand-alone Chase Pay app early next year.
The app was launched in 2015. Soon, the app will be unavailable for use in in-store payments, Bloomberg reported citing an email.
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However, customers will be able to use the app in merchant apps and websites such as that of online food ordering firm Grubhub and its portfolio company LevelUp.
Besides, customers will be rewarded for Chase Pay use on merchant websites or apps.
Chase Pay head Eric Connolly said: “We continue to focus on our customers and they are using the Chase Pay button on merchant websites and in merchant apps, and now their tap-to-pay Chase cards more than ever.
“So, we’re shifting our focus to expand Chase Pay’s presence in more merchant apps and websites. This will make it quick and easy for Chase’s 51 million digitally active customers to use their Chase-issued Visa debit and credit cards at more places.
“They already are using Chase Pay on websites and in merchant apps such as Starbucks, Shell, United and Atom Tickets. They can also link Chase Pay to their PayPal account to shop at millions of places online.”
Lately, various other digital endeavours of JPMorgan have failed as well.
Earlier this year, the bank closed its mobile banking app Finn. The bank recently also scrapped its SMB loan collaboration with OnDeck.
