The agreement means that Klarna's payment solutions are integrated into JP Morgan's platform for commercial payment solutions.
JP Morgan Payments handles annual payment transactions of more than 2,000 billion dollars, according to industry statistics. The company states that "the agreement gives companies access to one of the world's most popular payment networks and strengthens their competitiveness in an increasingly digital and customer-focused market".
Over the past year, Klarna has signed similar collaboration agreements with a long list of major players in payment services, including Apple Pay, Google Pay, and Adyen.
The Stockholm-based fintech company Klarna has been preparing for a stock exchange listing of the company's shares and has applied for permission to list on Wall Street.
According to unconfirmed reports in the Financial Times, the target is set on a valuation of up to 15 billion dollars in the IPO.
