Square’s Deal for Afterpay Accelerates the Threat of BNPL
- Date:August 05, 2021
- Author(s):
- Daniel Keyes
- Report Details: 4 pages, 1 graphics
- Research Topic(s):
- Tech & Infrastructure
- PAID CONTENT
Overview
Square’s move to acquire Afterpay for $29 billion dramatically alters the futures of the two companies as well as the BNPL industry and its competitors. Square is gaining a payment option that bolsters its seller and Cash App businesses, while Afterpay is securing a key partner in its bid to be a leading BNPL provider. Meanwhile, the combination is part of a trend of major payments players breaking into the BNPL space, which is helping the industry rapidly expand its acceptance and adoption and challenging incumbent payments players.
Learn More About This Report & Javelin
Related content
Surveying the Payments Consultants: The Services Overview
The next wave of payment modernization is rolling in. Technology has emerged to power more advanced payment solutions, including real-time payments rails and open banking. It follo...
FedNow and Technology Vendors: Setting the Foundation for Future Payments
This Javelin Strategy & Research report looks at the Federal Reserve's FedNow service, but from the perspective of choosing the right technology vendor. FedNow offers a foundation ...
Coexisting in Payments: How Middleware Forges Alliances Among Smaller FIs, Core Providers, and Fintechs
Small and medium-sized banks, short on the resources to rebuild their infrastructure and long frustrated by the slow pace of innovation by some core banking service providers, are ...
Make informed decisions in a digital financial world