Square to buy Australia's Afterpay for $29b as buy now, pay later booms

Square to buy Australia's Afterpay for $29b as buy now, pay later booms

REUTERS/Thomas White

Square Inc will buy Australia’s Afterpay Ltd for about $29 billion in an all-stock deal as the US fintech firm looks to leverage the burgeoning popularity of buy now, pay later (BNPL) credit options.