Klarna has partnered with JP Morgan Payments to introduce BNPL options for businesses using the bank’s payment processing services.
The agreement, expected to launch next year, will integrate Klarna’s payment methods – interest-free BNPL and flexible financing options – into JP Morgan Payments’ Commerce Solutions Platform.
Klarna stated that this deal will give businesses access to a leading payments network and enable them to stay competitive in what it describes as “an increasingly digital and customer-driven marketplace”.
Additionally, the Swedish fintech will join the JP Morgan Payments Partner Network, which looks to connect the bank’s payment solutions with third-party providers to help businesses develop and implement payment strategies.
David Sykes, Chief Commercial Officer at Klarna, commented: “This is a major milestone for Klarna. By collaborating with JP 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 JP Morgan Payments, we’re giving shoppers the flexibility they want while helping businesses grow faster.”
Klarna’s 2025 growth
The BNPL sector has seen rapid adoption in recent years, with consumers using this payment method for both online and in-store purchases. While regulations remain uncertain in some regions, such as the UK, firms like Klarna continue to push forward.
Just two months into 2025, Klarna has already announced major moves to drive growth and diversify its offerings. In January, it bolstered its partnership with financial infrastructure platform Stripe, enhancing Stripe’s payment capabilities across 25 countries.
However, the biggest news came this week when Klarna CEO Sebastian Siemiatkowski revealed in a post on X that the company is exploring the possibility of “embracing” crypto.
Public perception of crypto has recently evolved, with many now seeing it as a more mainstream financial asset. This shift has been influenced by figures like US President Donald Trump, whose administration is exploring ways to leverage crypto to reduce government debt.
Additionally, efforts are underway in the US to integrate crypto into traditional banking, allowing users to store it in bank accounts. While Klarna’s exact plans for crypto remain unclear, its involvement could further drive mainstream adoption of digital currencies.
JP Morgan’s partnership with Klarna shows that traditional banking firms are becoming increasingly aware of BNPL’s popularity as usage of the payment method continues to rise across multiple markets.
