Following the news that Square, Inc has agreed to buy Australia’s ‘buy now, pay later’ solution (BNPL) provider Afterpay Limited for US$29bn;
Ravi Sharma, Lead Banking and Payments Analyst at GlobalData, a leading data and analytics company, offers his views:
“Buy now, and pay later (BNPL) has been gaining prominence in Asia-Pacific with large number of payments and fintech companies looking to get a slice of this market. Square’s announcement to acquire Afterpay is the latest development in this space, as it looks to expand into the growing BNPL market.
“Afterpay has presence across four markets-New Zealand, …
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