Klarna has partnered with J.P. Morgan Payments to integrate its BNPL payment solutions into one of the world’s largest merchant payment platforms.
Klarna and J.P. Morgan partner on BNPL
This agreement will enable businesses relying on J.P. Morgan Payments to offer Klarna’s BNPL services, expanding payment flexibility for consumers while driving revenue growth for merchants.
J.P. Morgan Payments, a dominant force in global payment processing with over $2 trillion in annual transactions, will incorporate Klarna’s interest-free BNPL and financing options into its Commerce Solutions Platform later this year.
The partnership aligns with Klarna’s mission to make its payment solutions universally accessible, giving merchants a competitive edge in an increasingly digital and consumer-driven marketplace.
“This is a major milestone for 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,” comments David Sykes, Chief Commercial Officer at Klarna.
“Together, we’re giving shoppers the flexibility they want while helping businesses grow faster.”
Driving Merchant Growth with Enhanced Payments
With consumer demand for alternative financing options rising, this partnership empowers businesses to offer more inclusive payment choices, reducing cart abandonment and increasing conversion rates.
Klarna’s integration with J.P. Morgan Payments’ global merchant network provides unparalleled access for businesses seeking seamless and trusted payment solutions.
Additionally, Klarna will join the J.P. Morgan Payments Partner Network, a collaboration hub designed to help businesses optimise their payment strategies through J.P. Morgan’s expansive suite of financial services.
The combination of Klarna’s AI-driven payment technology and J.P. Morgan Payments’ robust infrastructure and market reach will enable merchants to cater to evolving consumer preferences with greater ease and efficiency.
As the BNPL market continues to expand, Klarna, leveraging J.P. Morgan’s extensive payment processing capabilities, is set to broaden its global presence, offering retailers and shoppers an even more versatile and user-friendly payment experience.
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