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(Telematics News) J.P. Morgan to take majority ownership of Volkswagen Payments Business

J.P. Morgan to take majority ownership of Volkswagen Payments Business

Posted: 09 Sep 2021 04:20 AM PDT

J.P. Morgan announces that it has entered into a strategic deal with Volkswagen Financial Services, with plans to acquire a controlling interest of close to 75% in the car manufacturer’s payments platform, operated by Volkswagen Payments S.A., subject to regulatory approvals. The deal will expand the bank’s digital payment capabilities and see the platform extended […]

 

 

 

 

 

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