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.
PayPal acquires Japan’s Paidy for $2.7B to crack the buy-now, pay-later market in Asia
Sep 8, 2021, 9:23am UTC
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.