,US online payment giant PayPal is paying US$2.7 billion for online Japanese credit specialist Paidy. – AFP pic, September 8, 2021.
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US online payment giant PayPal is set to buy the online Japanese credit specialist Paidy for US$2.7 billion (RM11.3 billion), the US company said in a statement today, a new sign of the development of the “buy now pay later” sector.
Created in 2008 in Tokyo, Paidy allows online merchants to offer payment on credit and in instalments to their customers.