Klarna has entered into an agreement with J.P. Morgan Payments to integrate its Buy Now, Pay Later (BNPL) options into J.P. Morgan Payments’ Commerce Solutions Platform.

This marks the first time Klarna’s BNPL services will be available to businesses using J.P. Morgan Payments for payment processing.

J.P. Morgan Payments handles over US$2 trillion in transactions annually.

The partnership aims to expand Klarna’s reach by making its payment methods, including interest-free BNPL and flexible financing, accessible to more businesses.

The integration is set to launch later this year.

“By collaborating with J.P. Morgan Payments, we’re bringing our payment solutions to even more businesses and fast-tracking our ambition to make Klarna payments available everywhere, for everything. Together with J.P. Morgan Payments, we’re giving shoppers the flexibility they want while helping businesses grow faster,”

said David Sykes, Chief Commercial Officer at Klarna.

The agreement also means Klarna will join the J.P. Morgan Payments Partner Network, which connects businesses with various payment solutions and third-party services to enhance payment strategies.

By combining J.P. Morgan Payments’ scale and infrastructure with Klarna’s BNPL technology, the partnership aims to offer businesses greater flexibility in payment options while providing consumers with more ways to manage their purchases.

Featured image credit: edited from freepik