Square is acquiring «buy now, pay later» platform Afterpay for $29 billion in a move that will expand its presence in the financial tech segment. The acquisition is expected to complete in Q1 2022.
Square is expanding its online payments options for consumers. The financial tech firm announced today its plan to acquire Afterpay, a «buy now, pay later» (BNPL) platform for $29 billion. The planned acquisition will give Square a huge chunk in the digital payments space, if approved, as well as expand access for users.
