J.P. Morgan Appoints New Head of Merchant Services for Asia Pacific
J.P. Morgan has appointed Philip Glickman as the head of Merchant Services for Asia Pacific, leading the regional expansion of the business that supports clients transacting in the e-commerce space.
Glickman will oversee the Merchant Services strategy, product development and delivery, and report to Sridhar Kanthadai, head of Wholesale Payments for Asia Pacific, and Molly Walsh, head of global product for Merchant Services.
With more than 20 years of experience in global payments and acquiring, Glickman was previously with Mastercard, where he was the head of Commercial and Digital Payments for Asia Pacific. Prior to that, he was with Citibank in Hong Kong as the head of Wholesale Cards and Payments for the region and also spent time in New York with the bank.
“We have seen a rapid acceleration towards digitalisation in the payments space and we are focused on providing a full suite of solutions for our clients whether they are e-commerce companies or traditional firms moving their businesses online. Philip has extensive experience in the payments and acquiring space along with deep experience in the region with clients and industry partners. We look forward to his leadership in delivering greater value to our clients,” said Kanthadai.
J.P. Morgan’s Merchant Services is part of the global bank’s Wholesale Payments business that moves an average $6 trillion around the world a day for its corporate clients. The bank processed $1.5 trillion in merchant payments in 2019 and is the number one U.S. merchant acquirer by volume of transactions and the number one merchant acquirer in Europe by volume of web transactions.
“Asia Pacific remains a region with huge growth opportunities for our clients and we are seeing a rising number of e-commerce market places and B2B2C businesses being established. As we continue to invest in our capabilities, we are excited to have Philip on board to drive innovative solutions in the region to meet the needs of our clients, who are both the merchants and the many sub-merchants operating in these market places,” said Walsh.
J.P. Morgan's Wholesale Payments combines treasury services, trade, commercial card, and merchant services capabilities to help clients pay anyone, in any currency, anywhere in the world. The number one clearer of U.S. dollars by volume, it has capabilities in 160+ countries, with ability to receive in 40+ and pay out in 120+ currencies. In Asia Pacific, the bank has direct membership with over 50 clearing systems and serves nearly 1,000 regionally headquartered clients across 14 markets.
Philip Glickman, Head of Merchant Services, Asia Pacific, J.P. Morgan