Max Levchin and Affirm, co-founders of PayPal
David Paul Morris | Bloomberg | Getty Images
Fintech lender positive On Tuesday, it said it had reached an agreement with jpmorgan chain To provide a purchase now, pay later loan services to merchants on the bank’s payment network.
US merchants who use JPMorgan to process payments are now able to add affirmations to their checkout pages, according to the release. According to AFFIRM, consumers can access loans ranging from 30 days to 60 months.
The deal follows a similar announcement from rival Klarna last month, saying Swedish Fintech is available to JPMorgan merchants. The assertion and Klarna are increasingly heading towards your head as you buy now. Affirm is open and calls for a guaranteed increase in profits, and Klarna recently applied for a US IPO.
“The demand for seamless transactions from both diverse payment options, flexibility and customers is the highest ever,” said Michael Rozanov, global head of JP Morgan Payments.
“By incorporating assertions into the commercial platform as a payment method, we are enabling them to provide the services they need and the experiences they will increasingly expect as part of their retail journey,” he said.
AFFIRM said the transaction is an expansion of existing banking and processing ties with JPMorgan, the largest US bank by assets.
Source link
