Klarna Partners with JP Morgan to Expand BNPL Services

Klarna has entered into a partnership with JP Morgan Payments to extend its buy now, pay later (BNPL) payment options to more businesses through JP Morgan’s payment processing network. This network processes over $2 trillion in payment transactions annually, enhancing the potential reach of Klarna’s services.

The agreement includes the integration of Klarna’s payment methods, such as interest-free BNPL and flexible financing options, into JP Morgan Payments’ Commerce Solutions Platform. The launch is expected to occur later this year.

David Sykes, Chief Commercial Officer at Klarna, referred to the agreement as a significant development for the company. Through this partnership, Klarna aims to provide its payment solutions to a broader business audience and accelerate its goal to expand global accessibility to its services.

Additionally, Klarna will join the JP Morgan Payments Partner Network. This network integrates JP Morgan’s comprehensive suite of payment solutions with third-party relationships to support clients in developing and optimizing their payment strategies according to their specific business needs.

This partnership is designed to leverage JP Morgan Payments’ scale and stability alongside Klarna’s innovative payment technologies, aiming to support business growth and provide consumers with more flexible shopping options.