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JPMorgan and Affirm Launch Buy-Now, Pay-Later Service

3/25/2025

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Summary

Story summary

JPMorgan Chase collaborates with Affirm to introduce buy-now, pay-later services for U.S. merchants.
Merchants can offer installment loans ranging from $35 to $30,000, with repayment terms of 30 days to 60 months.
Affirm's customer base has reached 21 million, indicating a rising demand for flexible payment solutions.
The partnership enhances customer experiences and aids in building credit history via expanded reporting to Experian.

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Story summary

JPMorgan Chase collaborates with Affirm to introduce buy-now, pay-later services for U.S. merchants.
Merchants can offer installment loans ranging from $35 to $30,000, with repayment terms of 30 days to 60 months.
Affirm's customer base has reached 21 million, indicating a rising demand for flexible payment solutions.
The partnership enhances customer experiences and aids in building credit history via expanded reporting to Experian.