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Square to Buy Australia’s Afterpay for $29 Billion

Square is buying Afterpay in deal worth $29 billion. Shutterstock.
Square is buying Afterpay in deal worth $29 billion. Shutterstock.

US fintech company Square Inc said on Monday it had agreed to purchase Australian buy now/pay later firm Afterpay Ltd for about $29 billion.

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The Future of ‘Buy Now, Pay Later’

Paying for purchases in instalments has quickly become ubiquitous online. But Klarna, Affirm and the other fintech players that dominate the space have loftier goals.

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The Business of Beauty Global Awards - Deadline 30 April 2024