Max Levchin, co -founder of Paypal and AFFIRM
David Paul Morris | Bloomberg | Getty images
Fintech lender Say He said Tuesday that he has reached an agreement with JPMorgan Chase To offer your purchase now, pay loan services after merchants in the bank’s payment network.
American merchants who use JPMorgan to handle payments can now add statement to their payment pages, according to a statement. Consumers will have access to loans that range from 30 days to 60 months, he said.
The agreement follows a similar The announcement of the rival Klarna last month, in which the Swedish Fintech said it would be available to JPMorgan merchants. Affirm and Klarna are increasingly face to face as they buy it now, they pay the mature back field in the United States; AFIRM is publicly negotiated and seeks to reliably increase the profits, while Klarna recently requested an opi of the USA.
“The demand for various payment, flexibility and perfect transactions options of both merchants and their clients is at its highest point,” Michael Lozanoff, global head of merchant services of JP Morgan Payments, said in the statement.
“By incorporating states as a payment method on our trade platform, we are training companies to provide the services they need and the experiences that customers expect more and more as part of their retail trip,” he said.
AFFIRM said the agreement was an expansion of existing banking and processing relations with JPMorgan, the largest American bank for assets.
