Klarna, an AI-powered payments network and shopping assistant, has agreed with J.P. Morgan Payments to expand its Buy Now, Pay Later (BNPL) services. This partnership will integrate Klarna’s payment solutions into J.P. Morgan Payments' Commerce Solutions Platform, including interest-free BNPL and flexible financing options. J.P. Morgan Payments, which processes over $2 trillion in transactions annually, will offer Klarna’s services to businesses that rely on its payment processing system. The Klarna integration is expected to launch later this year, making BNPL options more accessible to merchants and consumers.
Through this agreement, Klarna will also join the J.P. Morgan Payments Partner Network, providing businesses with additional resources to optimize their payment strategies. The collaboration combines Klarna’s payment technology with J.P. Morgan Payments’ extensive reach, allowing businesses to offer more payment choices to customers. David Sykes, Chief Commercial Officer at Klarna, stated, "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."
