Reported 3 months ago
JPMorgan Chase is discontinuing the use of its credit cards for third-party Buy Now Pay Later (BNPL) payments, effective October 10, 2024. This move aims to protect customers from accumulating additional debt while subtly directing them toward Chase's own BNPL service. Experts suggest this decision signals a broader trend in banking as financial institutions prioritize their products over third-party options, anticipating other banks may follow suit.
Source: YAHOO