AI shopping agents stick with bank cards: JPMorgan raises its outlook for card networks and traditional acquirers
Browsers and virtual cards are lowering the barrier for merchants to participate in AI shopping. JPMorgan believes the payments landscape will be closer to existing e-commerce than it expected six months ago: card networks will benefit, traditional acquirers will face less pressure, and express checkout services will face stronger competition. Near-term transaction volumes and consumer trust, however, still limit the impact on earnings.
J.P. Morgan ·