Square to buy Australia’s Afterpay in $29 billion deal

 

Square to buy Australia’s Afterpay in $29 billion deal as ‘buy now, pay later’ trend takes off

 

• Jack Dorsey’s payment company announced a $29 billion, all-stock deal to buy Afterpay.
• Square points to consumers eschewing traditional credit, especially younger buyers, for installment loans.
• Payment players and fintechs from PayPal to American Express have been rushing to launch their own version of “buy now, pay later” products.
• https://www.cnbc.com/2021/08/02/square-to-buy-australia-fintech-afterpay-amid-buy-now-pay-later-trend.html
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