Klarna partners with JPMorgan Payments to integrate its flexible Buy Now, Pay Later services into JPMorgan’s merchant payment solutions, expanding its reach and accessibility.
Klarna, the Swedish-based leader in Buy Now, Pay Later (BNPL) services, has entered a new partnership with JPMorgan Payments to integrate its flexible financing options into the payment solutions offered to merchants across the United States. The collaboration will expand Klarna’s reach, providing both consumers and businesses with more accessible and diverse payment choices.
Klarna, which was founded in 2005 and has grown to be one of the largest BNPL providers globally, allows customers to split their purchases into manageable instalments, often without interest. In addition to its BNPL service, Klarna offers merchants tools that help increase conversion rates and customer engagement. Over time, the company has expanded its ecosystem beyond BNPL, incorporating AI-driven personal finance management features and its own shopping app.
JPMorgan Payments, a division of JPMorgan Chase, is one of the world’s largest payment processors, handling over $2 trillion in transactions annually. The division provides a broad range of services, including payment processing, treasury services, and merchant solutions for businesses of all sizes. As part of this new partnership, Klarna will also join the JPMorgan Payments Partner Network, further driving the company’s growth into new markets.
This strategic move aims to enhance the customer experience for merchants by offering more flexible payment methods that can drive sales and customer satisfaction. Klarna’s inclusion in the JPMorgan Payments Partner Network will expand its presence, bringing the company closer to its goal of making its payment solutions available everywhere and for everything.
As Klarna prepares for its anticipated IPO in April, this partnership with JPMorgan Payments could position the company as an even more attractive investment by showcasing its continuous growth and deeper integration into the mainstream financial infrastructure.
By collaborating with JPMorgan Payments, we’re bringing our payment solutions to even more businesses and fast-tracking our ambition to make Klarna payments available everywhere, for everything.”
David Sykes, Klarna’s Chief Commercial Officer
