MCX’s members were already connected to MCX payments technology, which made it seamless to connect to Chase Pay.  Chase executives wanted to acquire the technology to use in lieu of building separate parallel technology to serve non-MCX members.

As we noted when Chase Pay launched last fall, only a few retailers accept the bank’s QR code-based payment option which relies on the Chase mobile app on a smartphone to work. Best Buy and Starbucks which both accept Apple Pay were launch partners for Chase Pay, and JPMorgan Chase says Walmart, Shell, or other MCX members will start accepting Chase Pay in the future.

Fingers crossed that this is good news for Apple Pay adoption was well since Chase has no resistance to Apple’s payment service and their other Chase Pay partners already accept it.