JPMorgan Chase Plans Digital Bank Launch in France, Spain, Italy by 2030
JPM•JPMorgan Chase plans to expand its Chase digital bank into at least five European countries—including France, Spain and Italy—by end-2030, adding to its existing UK and German operations. The bank has 3 million UK customers, £30 billion deposits since 2021 and spent £233 million on marketing in 2024–25.
1. Expansion Plan
JPMorgan Chase aims to launch its Chase digital bank in at least five more European countries by the end of 2030, targeting France, Spain and Italy after establishing operations in the UK and Germany.
2. Current European Footprint
Since its 2021 UK debut, Chase has accumulated over 3 million customers and roughly £30 billion in deposits, and entered Germany last month as its first retail operation in mainland Europe.
3. Investment and Leadership
The bank allocated £233 million to marketing in 2024–25 and appointed Kunal Malani to oversee its UK business, while Mark O’Donovan leads the broader international consumer banking expansion.
