JPMorgan Chase recently merged their business-to-business treasury services unit with its consumer-to-business merchant services unit in a bid to take on fintech payments companies; the new combined unit will allow JPMorgan to offer businesses a single payments system for consumers and corporate payments; the head of the unit, Takis Georgakopoulos, believes they can double their market share in global treasury services within the next few years; the new unit is already paying off by exceeding the previous growth of 8 percent. Source.
