JPMorgan Chasewill be taking on the mobile payments market with its own service, by partnering with retailer consortium MCX to produce a CurrentC-based app. Chase Pay is anticipated to launch in the middle of next year, with bank customers expected to be able to pay for goods and services at a number of retailers using their smartphone, though unlike its main competitors, such as Apple Pay, the system will use on-screen barcodes to facilitate payment instead of NFC.
