JPMorgan Payments processed a record number of financial card transactions in Europe last Black Friday and Cyber Monday.
Ludovic Houri, co-head of Payments and Commercial solutions in the EMEA region at JPMorgan, posted on his LinkedIn account on Friday, November 8, that the total number of transactions processed by the mentioned fintech platform in the specified period amounted to 37.8 million operations. On Black Friday, 18.2 million payments were processed. On Cyber Monday, 19.6 million transactions were recorded on the platform. The indicator recorded on Black Friday increased by 7% year-on-year. The number of transactions processed on Cyber Monday grew by 17% compared to the result for the same period in 2022.
Ludovic Houri, commenting on the results of JPMorgan Payments in Europe, said that it was nice to see the power and sustainability of commercial solutions that provide sellers with a simple and trouble-free experience.
This platform processes payments worth about $10 million daily. In this case, the operation of this commercial solution in more than 160 countries is taken into account. The platform processes payment transactions in more than 120 currencies.
JPMorgan Payments also offers clients treasury services, trading, working capital, and card service capabilities to help consumers pay employees in various currencies around the world.
In 2022, JPMorgan Payments became the leader among trade acquirers in Europe in terms of the number of online transactions. In 2021, the platform processed almost 5.5 billion virtual financial operations on behalf of customers.
As we have reported earlier, JPMorgan Expands UAE Services.
Serhii Mikhailov
Serhii’s track record of study and work spans six years at the Faculty of Philology and eight years in the media, during which he has developed a deep understanding of various aspects of the industry and honed his writing skills; his areas of expertise include fintech, payments, cryptocurrency, and financial services, and he is constantly keeping a close eye on the latest developments and innovations in these fields, as he believes that they will have a significant impact on the future direction of the economy as a whole.
