PayPal acquires Japan’s Paidy for $2.7B to crack the buy-now, pay-later market in Asia
https://techcrunch.com/2021/09/08/paypal-acquires-japans-paidy-for-2-7b-to-crack-the-buy-now-pay-later-market-in-asia/
PayPal Holdings, the U.S. fintech company, announced an acquisition of Paidy, a Japanese buy now, pay later (BNPL) service platform, for approximately $2.7billion (300 billion yen), mostly in cash, to enhance its business in Japan.
The transaction completion including the regulatory approval is expected in the fourth quarter of 2021.
