JPMorgan Chase's (JPM) payment processing unit entered an agreement to onboard Klarna to its platform, according to a statement from Klarna Tuesday.
Under the agreement, J.P. Morgan Payments will make Klarna's buy now, pay later payment options available to businesses that rely on the payment processor for transactions.
The Klarna integration is expected to launch later this year and will be available on JPMorgan Payments' Commerce Solutions platform, Klarna said.
JPM shares were 0.8% higher in recent trading.
Price: 273.11, Change: +2.07, Percent Change: +0.76
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