Klarna (NYSE: KLAR) has launched an integration with J.P. Morgan Payments' Commerce Platform, allowing U.S. merchants on the platform to offer Klarna's payment options at checkout without additional technical integration.

Merchants across retail categories including apparel, travel, and health and wellness can now offer customers three payment options through Klarna: pay in full, interest-free installments, and longer-term financing.

J.P. Morgan Payments processes $2.6 trillion in merchant payment transactions annually and claims to be the largest merchant acquirer in the U.S.

"Going live with J.P. Morgan Payments marks the moment this collaboration moves from ambition to impact," said David Sykes, Chief Commercial Officer at Klarna. "J.P. Morgan Payments' reach combined with Klarna's conversion power is a genuine competitive advantage, and it's now available to every merchant on their platform."

Michael Lozanoff, Global Head of Merchant Services at J.P. Morgan Payments, said implementation complexity has historically been a barrier for merchants seeking flexible payment options. "By bringing Klarna directly onto our Commerce Platform, we're helping remove that barrier for businesses of every size," he said.

According to figures cited in the press release, more than one in four Americans say they are more likely to complete a purchase when flexible payment options are available at checkout.