JPMorgan: AI Shopping Agents Roll Out, Payments Still Run on Card Networks
Source：
www.techflowpost.com
JPMorgan assesses that AI shopping agent workflows more closely mirror traditional e-commerce, with limited short-term impact on payment stocks. Payment networks are benefiting from card transactions, while the moats of trust and lending around online checkout remain intact, and the operating environment for traditional acquirers is improving. Regarding ratings, Affirm, Chime, Marqeta, Remitly, and Toast are upgraded to Overweight; PayPal and Klarna are maintained at Neutral; and Western Union is downgraded to Underweight.
