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
