What’s going on? PayPal (US payment platform) announced that it would buy Paidy (Japanese buy-now-pay-late with 6m users) for $2.7b. What does this mean? PayPal started offering its own buy-now-pay-later service in 2020, through which customers have made $3.5b worth of purchases. This deal comes as part of Paypal’s longer-term plan to push further into the…
Tag: Afterpay
Ep 150: Fintech M&A with Square and Afterpay
What’s going on? Square (US payments giant) announced their plan to buy Afterpay (Australian fintech) for $29bn. What does this mean? Afterpay Afterpay is a buy-now-pay-later company that lets customers spread the cost of an online purchase over a period of time. If customers make payments on time, they don’t have to pay interests on…
with HT 