Affirm Forms BNPL Pact With J.P. Morgan Payments

Affirm is expanding its pay-later offering via a new agreement with J.P. Morgan Payments.

With this partnership, announced Tuesday (March 25), Affirm’s solutions become available to merchants on the J.P. Morgan Payments network in the U.S., letting them offer the company’s buy now, pay later (BNPL) plans at checkout.

According to the companies’ announcement, the collaboration is happening amid increased adoption of Affirm’s services, with its active customer numbers reaching a record 21 million, up 23% year over year.

“The demand for diverse payment options, flexibility, and seamless transactions from both merchants and their customers is at an all-time high,” said Michael Lozanoff, global head of merchant services at J.P. Morgan Payments.

“By incorporating Affirm as a payment method into our Commerce Platform, we are empowering businesses to deliver the services they need and the experiences that customers increasingly expect as part of their retail…