The Denver Gazette

Square to buy Afterpay in $29 billion deal

Digital payments company Square Inc. says it has agreed to acquire Afterpay, which provides a “buy now, pay later’’ option for merchants, in an all-stock deal valued at about $29 billion.

Square allows retailers to process credit card transactions using devices that plug into tablets or smartphones.

The San Francisco-based company said Sunday it plans to integrate Afterpay into its services, enabling merchants to offer customers the option to pay for goods later without relying on a credit card.

BUSINESS

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2021-08-03T07:00:00.0000000Z

2021-08-03T07:00:00.0000000Z

https://daily.denvergazette.com/article/281904481223172

The Gazette, Colorado Springs