Key Takeaways JPMorgan is closing VW Pay after determining the mobility payments unit lacked a path to profitability.Higher transaction volumes at VW Pay failed to stem widening annual losses despite a capital injection.The move affects staff in Luxembourg and Munich as JPMorgan reallocates resources to profitable regions.JPMorgan (JPM) has decided to close its Mobility Payments Solution platform, VW Pay, which it acquired from Volkswagen AG in 2021, due to concerns over profitability. This was reported by ...