WePay will continue to operate as a standalone company and receive additional resources from JPMorgan Chase to continue to grow.
Compared to 2015, complaints related to bank accounts are up 26%, jumping to 2,400 complaints per month versus less than 1,900 last year.
Banking Technology will be handing out its Banking Technology Awards 2016 in December at Tower Hotel in London
"Credit demand has remained fairly strong, consistent with robust investment growth," says Michael Pearce of Capital Economics.
The transfers occur instantaneously and come at no cost, with the sender only needing the recipient's email address or phone number.