Amazon mulls bids to replace JPMorgan


Amazon and JPMorgan first issued a joint card in 2002 and their offerings have long operated on the Visa Inc network.

NEW YORK: E-commerce giant Amazon.com Inc is fielding bids to replace US lender JPMorgan Chase & Co as the issuer on its co-branded credit card portfolio, a person familiar with the matter told Reuters.

Amazon has sent out a “request for proposal” for the portfolio, the person said, asking not to be identified as the matter was not public yet.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Amazon , JP Morgan , cards , Visa ,

   

Next In Business News

FBM KLCI continues rebound after two days of recovery
Trading ideas: RHB, Axiata, Yinson, Affin, Kimlun, AWC, Pansar, DC Healthcare, AwanBiru, Systech, Auro, Bursa Malaysia, HeiTech Padu, AmFirst REIT and Sin-Kung Logistics
Farhash no more HeiTech’s substantial shareholder
AWC lands RM17.8mil plumbing job
SupportLine
Trading suspension for Awanbiru
Pansar secures RM269mil utility contract
Dialog Axiata inks deal to acquire Airtel Lanka
Pop Mart goes full steam ahead to meet growing global demand
Sin-Kung targets to raise RM26mil from its IPO

Others Also Read