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PAYPAL PAYS $2.7 BILLION FOR JAPANESE BUY-NOW-PAY-LATER APP

Online payments pioneer Paypal will buy Paidy, a Japanese buy-now-pay-later (BNPL) app, in a mostly-cash, $2.7-billion deal, the Financial Times reported. Paidy launched its delayed-payments app only last year. It allows its six million users to spread payments over three equal monthly installments with no interest. The idea is...

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