JPMorgan Speeds Up Recruitment For Asia-Pacific Services

JPMorgan Chase & Co JPM is reportedly recruiting staff across key Asian markets to handle card transactions amid a spike in digital commerce.
The lender has started its services, Bloomberg reported, in its merchant-acquiring unit in Australia, India, Japan, Singapore, South Korea and New Zealand in 2022.
The bank is looking to hire “many, many dozens if not more people,” said JPMorgan’s payments & commerce solutions head Max Neukirchen.
JPMorgan plans to capture small merchants across Asia who are yet to take their business digital, making them an attractive clientele base.
Neukirchen said that India ranked among the markets with the highest growth potential due to the transition from cash to electronic payment methods.
He added that Japan and Australia, with growing e-commerce and credit card usage, respectively, have huge potential.
“Down the road we might want to expand our footprint in China but the priority for now is on those seven new markets,” Neukirchen said.
Price Action: JPM shares are trading higher by 0.83% at $125.14 on the last check Thursday.

Momentum85.69

Growth84.77

Quality48.05

ValueNot Available

Short

Medium

Long