J.P. Morgan Payments is set to become a principal member of France’s leading payments network, Cartes Bancaires CB, with the intention to offer European merchant clients access to the payments system by the end of 2024.

J.P. Morgan will be the first and only U.S. bank to be a principal member and the move supports our commitment to the European payments market and our larger plans to deliver seamless commerce experiences wherever our clients need to accept a payment.

Leading payment system in France

Cartes Bancaires CB is the leading payment system in France with 15 billion transactions per year by card or mobile and aims to provide customers with a seamless and safe shopping experience, offering cheaper transaction costs, lower fraud rates and superior acceptance rates performance for French debit and credit card transactions, with over 65% of household purchases paid for with a CB card or via mobile phone.

Why this matters to clients in EMEA and around the world

Membership of Cartes Bancaires CB facilitates our on-going commitment to both the French market and Europe more broadly. By joining this network, J.P. Morgan Payments can more easily advocate for strategic direction in the market, offering Europe-domiciled clients the choice they expect from a global payments provider by supporting Cartes Bancaires transactions from H2 2024, providing attractive cost savings for merchants, and leading local processing for French issued cards.

J.P. Morgan Payments recognizes the importance of France as a key region in our broader European payments success story, and are committed to facilitating the navigation of complex multicurrency environments, cross-corridor payment flows and fast macroeconomic changes.

Create amazing shopping experiences

As a member of  Cartes Bancaires CB, J.P. Morgan Payments can more easily advocate for strategic direction in the market. Our solutions are built to help our clients in the region and beyond grow fearlessly with three core capabilities:

Opportunity

• Gain faster access to funds and unlock more value from your cash
• Cost efficiencies and closed-loop customer insights are available to help you assess your business
• Facilitate growth through new revenue streams, including offering payments and banking solutions directly to customers

Reliability

• As one of the world's most trusted banks, JPMorgan Chase moves more than $10T payments globally every day in 120 currencies with over 99.9% accuracy¹
• Global banking infrastructure enables speed and scale without sacrificing reliability – which means whether you’re staying in-region or have ambitions to expand around the world, we’re here to support your goals 

Safety

• Our team delivers best-in-class service² to help assess risk, mitigate fraud and implement controls to protect your business globally

• Our proprietary AI-enabled platform and data network provides trusted insights and decisions to safeguard payments, keeping data safe and reducing the costs associated with fraud.