Square to Buy Afterpay for $29 Billion to Tap Younger Users - 0 views
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John Kiff on 02 Aug 21Square, the digital-payments platform led by Twitter founder Jack Dorsey, agreed to buy Australian buy-now, pay-later company Afterpay Ltd. for $29 billion in an all-stock deal. Square said the buy-now, pay-later concept represents a chance to capitalize on a shift away from traditional credit, especially among younger consumers. The plan is for Square to integrate Afterpay into both its consumer Cash App, and its Seller product for small businesses.