Wednesday, 29 September 2021

Paypal to acquire Paidy, Japanese buy now pay later unicorn, for $2.7 billion

PayPal announced that it has agreed to acquire Paidy, a leading two-sided payments platform and provider of buy now pay later solutions in Japan, for JPY 300 billion ($2.7 billion). The acquisition will expand PayPal's capabilities, distribution and relevance in the domestic payments market in Japan, the third largest ecommerce market in the world, complementing the company's existing cross-border ecommerce business in the country. Paidy's ability to rapidly develop and successfully launch innovative products has driven strong engagement with its more than six million registered users and helped establish strategic relationships with leading global brands and online marketplaces.

 

Re-disseminated by The Asian Banker from PayPal

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