Chase Pay is a brand new mobile app that has just been unveiled by banking behemoth Chase. Now if you think the future of smartphone-based shopping and banking is owned completely by tap-pay services such as Apple Pay and Android Pay alone, well think again.
This app uses your credit and debit cards to make purchases. It will even enable you to take advantage of loyalty programs and even pay by scanning a receipt in certain cases. Users will also have the ability to make financial payments via the use of QR vode scanning mechanisms.
The Chase Pay app is not expected to be available for wider use until the middle of next year, but when it does come out, it is set to make shopping way easier for Chase bank customers.
Why This Trend Is Growing
- Mobile Loyalty Programs
- The use of mobile apps as a means of taking advantage of loyalty programs in banking and shopping.
- QR Payment Scanning
- The use of QR code scanning mechanisms as a means of financial payment.
- Expanded Mobile Payment Options
- The expansion of mobile payment options beyond tap-pay services like Apple Pay and Android.
Industries Being Reshaped
- Banking
- The use of mobile banking apps to make financial payments and take advantage of loyalty programs.
- Retail
- The use of mobile apps in retail for loyalty programs and payment options.
- Technology
- The proliferation of mobile app technology for loyalty and payment purposes.
