Technology

PayPal acquires buy now, pay later provider Paidy

PayPal acquires buy now, pay later provider Paidy

PayPal is continuing its push into buy-now-pay-later (BNPL) services with the acquisition of Japanese company Paidy for 300 billion yen ($2.7 billion), Bloomberg has reported. That represents its second largest acquisition to date after the $4 billion dollar purchase of online coupon aggregator Honey. BNPL services let users divide purchases into multiple payments with paying any interest.

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