Yet another bank has announced today that it is launching its own mobile payment solution. At the Money20/20 conference in Las Vegas today, Chase announced that it is launching Chase Pay. Chase Pay is digital wallet solution similar to Apple Pay that allows users to pay with their phones at retail locations and online (via Re/code).
There’s one notable difference between Chase Pay and Apple Pay. Chase’s offering works by giving shoppers a QR code to show to their cashier, while Apple Pay works by using NFC technology to tap and pay. Another example Chase showed is paying for a dinner by taking a photo of the bill.
