Klarna and J.P. Morgan partner to offer BNPL to businesses

By Gloria Methri

FinTech giant Klarna has signed an agreement with J.P. Morgan Payments to make its Buy Now, Pay Later (BNPL) payment options available to J.P. Morgan’s business customers.

J.P. Morgan Payments processes more than $2 trillion in payment transactions annually and is effective in expanding Klarna’s global presence, supporting consumers everywhere to pay smarter.

The agreement will make Klarna’s payment methods, including interest-free BNPL and flexible financing options, available on the J.P. Morgan Payments’ Commerce Solutions Platform. The Klarna integration is expected to launch later this year.

“This is a major milestone for Klarna,” said David Sykes, Chief Commercial Officer at Klarna. “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 are giving shoppers the flexibility they want while helping businesses grow faster.”

The agreement will provide businesses with access to one of the most popular payment networks in the world, helping them compete in an increasingly digital and customer-driven marketplace.

Klarna will also join the J.P. Morgan Payments Partner Network, which brings together J.P. Morgan Payments’ extensive suite of payment solutions and its third-party relationships to help clients build, implement, expand and optimise payment strategies based on their business needs.

Combining J.P. Morgan Payments’ scale, stability and reach with Klarna’s innovative and trusted payment technology will help create more opportunities for businesses to grow and for consumers to shop how they want, where they want.