Square (SQ) is acquiring Australian buy now, pay later (BNPL) company Afterpay for $29 billion in stock, signaling that the digital payments company is entering the installment payment market.
“This deal makes a lot of sense for Square, especially insofar as it enabled the company to expand significantly, both in terms of product line and globally by using its stock as an acquisition currency,” BTIG Managing Director Mark Palmer said on Yahoo Finance Live (video above).
Square is a brainchild…
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