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U.S. payments giant PayPal Holdings Inc said it would acquire Japanese buy now, pay later (BNPL) firm Paidy in a $2.7b largely cash deal, taking another step to claim the top spot in an industry experiencing a pandemic-led boom.
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"The acquisition will expand PayPal's capabilities, distribution and relevance in the domestic payments market in Japan, the third largest ecommerce market in the world, complementing the company's existing cross-border ecommerce business in the country," PayPal said in a statement on Tuesday.
https://finance.yahoo.com/news/1-paypal-snaps-japanese-buy-024503624.html?stream=business
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