The recent partnership between banks and Buy Now, Pay Later (BNPL) providers marks a pivotal change in the payment landscape. Banks, once hesitant about BNPL, are now embracing the model. Affirm is leading the way with its Affirm Card, enabling banks to offer BNPL without needing a separate card. J.P. Morgan Chase is further enhancing this trend by collaborating with Klarna for B2B BNPL services, allowing businesses to manage payments flexibly. This evolution indicates a melding of traditional finance with innovative payment solutions, creating new opportunities for consumers and businesses alike.
J.P. Morgan Chase is making a major move in the payments space by teaming up with Swedish BNPL provider Klarna to bring BNPL options to its business customers.
Affirm is bringing its Affirm Card, which offers both credit and debit features with pay-over-time, to third-party issuers, allowing banks to integrate BNPL services seamlessly.
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