Square Inc. plans to acquire buy-now pay-later (BNPL) operator Afterpay Ltd. in what one analyst sees as a “game-changing” $29 billion deal.
Square Inc. plans to acquire buy-now pay-later operator Afterpay Ltd. in what one analyst sees as a “game-changing” $29 billion deal that will help Square participate in a fintech wave that has transformed the payments experience in Afterpay’s native Australia and started to gain traction in the U.S.
“In essence, Afterpay addresses almost all major challenges Square faces in its ambitions to become a dominant payments ecosystem,” Bernstein analyst Harshita Rawat wrote in a note to clients titled: “A game-changing deal.” RBC Capital Markets analyst Daniel Perlin commented that Afterpay’s global base of over 100,000 merchants “should accelerate Square’s growth with larger sellers and expend into new geographies, while further enhancing merchant acquisition.” Afterpay gets most of its volume from enterprise merchants.
Part of Afterpay’s promise extends into merchant discovery, as its app helps facilitate “lead generation for merchants and consumer engagement,” according to Square’s investment presentation. The company plans to integrate that component into the Cash App.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Jack Dorsey's Square to buy Afterpay for $29 billion in stockBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Leer más »
Square Agrees to Acquire Afterpay for $29 Billion in All-Stock DealSquare agreed to an all-stock deal worth around $29 billion to acquire installment-payment company Afterpay
Leer más »
Square to buy Australia's Afterpay in $29 bln all-stock dealU.S. fintech company Square Inc (SQ.N) said on Monday it had agreed to purchase Australian buy now/pay later giant Afterpay Ltd (APT.AX)in an all-stock deal worth about $29 billion.
Leer más »
Square posts upbeat profits while also announcing $29 billion deal for AfterpaySquare Inc.'s surprise release of its quarterly earnings report Sunday was its second-biggest news of the night, behind the announcement that it plans to...
Leer más »
Square Acquires Afterpay for $29 Billion in All-stock DealSquare Inc. said it reached a deal with Afterpay Ltd. to acquire the buy now, pay later company in an all-stock deal valued at $29 billion.
Leer más »
Square to buy Australia's Afterpay in $29 billion deal as 'buy now, pay later' trend takes offJack Dorsey's payment company announced a $29 billion, all-stock deal to buy Australia's Afterpay as the installment loan competition heats up.
Leer más »