Affirm Partners with J.P. Morgan Payments to Revolutionize Pay-Over-Time Options
Mar 31
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What This Partnership Means for Merchants
Compaytence Global Payments Update:
The payment industry just took a bold step forward. In a move that underscores the rapidly growing demand for flexible payment options, Affirm and J.P. Morgan Payments have announced a groundbreaking partnership aimed at integrating Affirm’s Buy Now, Pay Later (BNPL) solutions within J.P. Morgan’s extensive merchant network. This collaboration, unveiled on March 25, 2025 (Business Wire), is set to enhance the purchasing experience for millions of consumers while offering merchants powerful new tools to drive growth.
What This Partnership Means for Merchants
Through this multi-year agreement, Affirm’s flexible financing solutions will become available to U.S. merchants using J.P. Morgan’s Commerce Platform. By integrating Affirm at checkout, merchants can offer their customers the option to split purchases ranging from $35 to $30,000 into biweekly or monthly payments, with terms from 30 days to 60 months. Affirm’s proprietary technology ensures seamless, real-time underwriting without imposing late or hidden fees.
This move is a win-win for both merchants and customers:
Merchants benefit from increased conversion rates and higher average cart sizes, with some businesses reporting 70% higher average order values and nearly 30% fewer abandoned carts compared to other pay-over-time options.
Customers gain greater purchasing power and payment flexibility, enhancing their overall shopping experience.
Voices From the Top
J.P. Morgan Payments’ Global Head of Merchant Services, Michael Lozanoff, emphasized the importance of adapting to consumer expectations, stating:
“By incorporating Affirm as a payment method into our Commerce Platform, we are empowering businesses to deliver services they need and the experiences that customers increasingly expect as part of their retail journey.”
Meanwhile, Wayne Pommen, Affirm’s Chief Revenue Officer, shared his enthusiasm about the collaboration:
“We are thrilled to deepen our relationship with J.P. Morgan Payments and bring our pay-over-time solutions to this massive network of merchants and their customers. Integrations like this significantly expand the reach of Affirm, giving more businesses the tools to thrive in today’s retail landscape while delivering maximum flexibility and transparency to more consumers.”
Affirm’s Expanding Ecosystem
This partnership with J.P. Morgan Payments is just the latest in Affirm’s growing network of integrations. Recently, Affirm also collaborated with Adyen in the UK and joined forces with Experian to enhance credit reporting capabilities for BNPL transactions. These initiatives reflect Affirm’s commitment to broadening its reach and refining its services.
What’s Next?
While the exact launch date for merchants to begin offering Affirm through J.P. Morgan’s platform hasn’t been disclosed, the integration is expected to significantly enhance both companies' abilities to meet growing consumer demand for diverse payment solutions. With J.P. Morgan Payments processing nearly $10 trillion in payments daily across over 160 countries, this partnership is poised to transform the BNPL landscape.
At Compaytence, we’re fascinated by how this collaboration is poised to influence the payments ecosystem. The integration of Affirm’s BNPL technology into J.P. Morgan’s powerful Commerce Platform is yet another signal that the payment industry is continuously evolving to meet modern consumer expectations. It’s clear that businesses capable of offering flexible, customer-centric solutions are better positioned to thrive in today’s competitive landscape.
Stay tuned for more insightful updates from Compaytence as we continue to explore the latest developments shaping the future of payments.
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