JP Morgan has invested strategically in leading Indian payments solutions provider In-Solutions Global (ISG). The company processes more than 17 billion transactions annually for its clients through its proprietary GeniusTM Payments-as-a-Service (PaaS) platform. It offers a market-leading stack and scalable capabilities that simplify the payment capture process, resulting in easy onboarding and a better customer experience.
Through this partnership, J.P. Morgan will continue to drive the development of additional payment methods in APAC, which accounts for most retail e-commerce sales globally. The bank, the world’s largest merchant acquirer by transaction volume, recently announced that it is expanding its merchant acquiring capabilities in the APAC region and will live in seven markets by the end of the year.
Jason Tiede, Global Head of FinTech and Partnerships for Payments at JP Morgan, said, “At J.P. Morgan, we are committed to delivering best-in-class digital capabilities to our clients worldwide. ISG is a recognized leader and innovator in the payments space with a track record of collaborating and scaling with banks, fintechs and merchants.”
Adelia Castelino, co-founder and managing director of ISG, added, “ISG has been a trusted partner to all of India’s leading banks for two decades, and this strategic partnership with J.P. Morgan is a validation of our capabilities and potential to develop products for global markets. This partnership is key to our next growth phase as we continue to invest in strengthening our products and expanding into international markets.”