Afterpay lets you buy now and pay later. Square just bought it for $29 billion

Article by Rob McLean. CNN Business – August 2, 2021.

New York (CNN Business) — Jack Dorsey’s Square (SQ) is spending $29 billion on an Australian buy now, pay later firm — a massive purchase that will help his company build out its global payments empire.

Square — the financial payments company known for its popular Cash App — said it plans to merge Afterpay with its existing apps. That will give “even the smallest of merchants” the ability offer buy now, pay later services at checkout, among other offerings. […]

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