Square’s (SQ) is acquisition of Australian buy now, pay later (BNPL) company Afterpay for $29 billion is an indication of a rapidly growing industry, according to one rival firm’s chief executive.
“At this point of time, everything is about momentum, you may describe it almost like a land grab currently,” Klarna CEO Sebastian Siemiatkowski told Yahoo Finance Live (video above), later adding: “I think that there will be one or two more years of that before the market stabilizes slightly, and…
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