PayPal acquires Japanese BNPL, in a $2.7 billion deal

Highlights

• The buy now, pay later (BNPL) business model has been immensely successful during the pandemic
• PayPal is leading the BNPL market already

PayPal, an American financial technology company, said it is acquiring Japanese company Buy now, pay later (BNPL). The American firm is buying the company at $2.7 billion, after this deal PayPal might lead the digital payment indu....