12:11 PM EDT, 09/20/2024 (MT Newswires) -- JPMorgan Chase ( JPM ) has started testing a new credit card internally as it looks to expand its products in the UK, Bloomberg News reported Friday, citing people familiar with the matter.

This product has been under development for over a year and senior executives at JPMorgan ( JPM ) have been testing the credit cards on their mobile apps, the report said.

The new credit card will be added to investment products from JPMorgan's ( JPM ) digital wealth manager, Nutmeg, on its UK retail app, the report added.

The company plans to initially offer basic credit cards in the UK, compared with those available in the US, with the aim of introducing more options in the future, sources told news outlet.

JPMorgan Chase ( JPM ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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