PayPal pushes into buy-now-pay-later sector by acquiring Japanese firm Paidy ...News

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PayPal pushes into buy-now-pay-later sector by acquiring Japanese firm Paidy
PayPal has announced it will purchase the Japanese firm Paidy for $2.7 billion, as the US fintech giant seeks to expand into the sphere of buy-now-pay-later products that witnessed a great boom thanks to the Covid-19 pandemic. The deal, which is expected to close in the fourth quarter of 2021, will broaden PayPal’s opportunities in Japan, one of the world’s most strategically important markets, according to Peter Kenevan, Vice President, head of Japan at PayPal. “Paidy pioneered buy now, pay later solutions tailored to the Japanese market and quickly grew to become the leading service, developing a sizable two-sided platform of consume

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