BNPL is everywhere

JPMorgan Chase's payments unit announced a second deal in as many months with a buy-now-pay-later provider.

• Why it matters: It's another sign that the purchase option is becoming more entrenched.

Catch up quick: JPM is making Affirm's BNPL options available at the point of checkout for its network of merchants.

• Customers will be given the payment option when making purchases in the range of $35–$30,000.
• Term lengths range from 30 days to 5 years, with payments due on a biweekly or monthly basis and no late fees or hidden fees.

Flashback: JPM reached a similar deal with Affirm rival Klarna last month.

🥊 State of play: Klarna, which is readying for a U.S. IPO, scored a big win last week inking a deal to become the exclusive BNPL provider for Walmart.