PayPal announced that it’s buying the Japanese buy now, pay later (BNPL) platform Paidy for $2.7 billion, the latest in a series of deals that are reshaping the fast-growing delayed-payment space.
The payments giant is hoping the acquisition will add to its existing processing capabilities and distribution in Japan, which is the third largest ecommerce market in the world. Paidy will continue to operate as a standalone brand and the company’s leadership will retain their positions.
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