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Affirm has partnered with JPMorgan Chase to offer buy now, pay later (BNPL) services to merchants, integrating Affirm as a payment option at checkout. This collaboration aims to meet the growing demand for flexible payment solutions, enhancing customer experiences and increasing merchant sales. Meanwhile, Klarna has also formed a similar partnership with JPMorgan, intensifying competition in the BNPL sector.
JPMorgan Chase & Co. has partnered with Affirm Holdings Inc. to integrate buy-now, pay-later (BNPL) solutions into its merchant network, enabling US retailers to offer installment loans for purchases between $35 and $30,000, with terms from 30 days to 60 months. Michael Lozanoff, global head of merchant services, highlighted the increasing demand for diverse payment options, driven by the rise in online shopping during the pandemic. This collaboration follows JPMorgan's recent agreement with Klarna Group Plc, intensifying competition in the BNPL sector.
Robert Michael Lozanoff
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affirm partners with jpmorgan chase to enhance merchant loan services
United States Dollar
JPMorgan Chase & Co.
Walmart Inc.
Affirm Holdings, Inc.
USA
Robert Michael Lozanoff
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22:09 25.03.2025
JPMorgan and Affirm team up to enhance buy now pay later solutions
United States Dollar
JPMorgan Chase & Co.
Walmart Inc.
Affirm Holdings, Inc.
USA
Robert Michael Lozanoff
Show more
14:37 25.03.2025
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