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PayPal agrees to buy Paidy for $2.7B

September 10, 2021

Tokyo-based Paidy, which has over 200 employees, rates consumer creditworthiness based on its own proprietary technology, underwrites transactions and then guarantees payment to merchants, the release said. Those are the kinds of digital credit services that have been catching on worldwide, specifically in the form of the global BNPL trend.

“We see large synergy potential between the companies’ respective networks of consumers and merchants, and strengthening of PayPal’s position in Japan, a large, high-growth e-commerce market,” analysts from financial firm William Blair said in a report today regarding the acquisition.

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