Tag: Russell Cummer

PayPal acquires Japan-based payments platform Paidy for $ 2.7bn

PayPal Holdings, Inc. announced that it has agreed to acquire Paidy, a two-sided payments platform and provider of buy now, pay later solutions in Japan, for ¥300 billion or approximately US$2.7 billion, principally in cash. 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,…