PayPal Holdings Inc. agreed to purchase Japanese “purchase now, pay later” startup Paidy Inc. for about $2.7 billion, in a transfer that can increase its enterprise on this planet’s third-largest e-commerce market.
The transaction provides to a flurry of exercise involving firms that allow customers pay for purchases in installments, as an alternative choice to conventional types of credit score. In August, Sq. Inc. stated it will purchase Australia’s Afterpay Ltd. for about $29 billion, whereas Affirm Holdings Inc. entered a partnership with Amazon.com Inc., sending the financial-technology group’s shares hovering.
