Klarna, a global digital bank and flexible payments provider, has completed its initial integration with J.
P. Morgan Payments in the United States, enabling merchants on J.
P. Morgan’s Commerce Platform to offer Klarna’s flexible checkout solutions.
This integration provides retailers across various sectors, including apparel, travel, and health and wellness, with Klarna’s full suite of payment options. These options include pay in full, interest-free installments, and longer-term financing, all accessible through their existing J.
P. Morgan Payments infrastructure.
Industry data indicates that over 25% of American consumers are more likely to complete a purchase when flexible payment options are available at checkout. This collaboration aims to extend such conversion benefits to a broader range of merchants, including smaller businesses that may have previously lacked the resources for complex payment system integrations.
J.
P. Morgan Payments, recognized as the largest merchant acquirer in the US, processes $2.6 trillion in merchant payment transactions annually. Klarna operates as a digital bank, serving more than 119 million active users globally and processing 3.4 million daily transactions through its AI-powered network. Its services are utilized by over one million retailers, including Uber, H&M, Saks, Sephora, Macy’s, Ikea, Expedia Group, Nike, and Airbnb, for growth and customer loyalty. Klarna is listed on the New York Stock Exchange under the ticker KLAR.
David Sykes, Klarna’s chief commercial officer, commented on the development, stating, “Going live with J.
P. Morgan Payments marks the moment this collaboration moves from ambition to impact. J.
P. Morgan Payments’ reach combined with Klarna’s conversion power is a genuine competitive advantage, and it’s now available to every merchant on their platform.”
Michael Lozanoff, global head of merchant services at J.
P. Morgan Payments, added, “In talking with merchants every day, we know flexible payments drive conversion, but implementation can be a barrier. By bringing Klarna directly onto our Commerce Platform, we’re helping remove that barrier for businesses of every size. This is an example of the kind of integrations our merchants are seeking.”
