Instacart, DoorDash plan to launch credit cards: WSJ

Instacart, DoorDash plan to launch credit cards: WSJ

Instacart, DoorDash plan to launch credit cards: WSJ

FILE PHOTO: A DoorDash delivery person is pictured on the day they hold their IPO in the Manhattan borough of New York City, New York, U.S., December 9, 2020. REUTERS/Carlo Allegri

(Reuters) – U.S. grocery delivery app Instacart Inc and food delivery firm DoorDash Inc are planning to launch their own credit cards, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

JPMorgan Chase & Co will issue Instacart’s card and is also bidding to partner with Doordash, which has received offers from more than 10 large banks, according to the report on.wsj.com/3s4K40E.

Instacart and DoorDash did not immediately respond to requests for comment.

Delivery firms have witnessed booming demand as more people stay indoors and order in during the COVID-19 pandemic.

Reporting by Praveen Paramasivam in Bengaluru; Editing by Ramakrishnan M.