#Cash App

EconomyPosted by
CNN

'Buy now, pay later' is becoming a huge business

Want to buy a new coat without shelling out the entire cost upfront? For shoppers, that's becoming an increasingly popular payment option — generating a windfall for the handful of companies that facilitate such services.
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StocksTechCrunch

Why Square is shelling out $29B to snag BNPL player Afterpay

Shares of Afterpay are sharply higher after the deal was announced thanks to its implied premium, while shares of Square are up 7% in early-morning trading. The Exchange explores startups, markets and money. every morning on Extra Crunch or get The Exchange newsletter every Saturday. Over the past year, we’ve...
TechnologyTechCrunch

The next generation of global payments: Afterpay + Square

Afterpay and Square have the potential to build one of the world’s most important payments networks. Square has built a very significant merchant payment network, and, via Cash App, a thriving high-growth consumer payment service. However, these two lines of business have historically not been integrated. Together, Square and Afterpay will be able to weave all of these services together into a single integrated experience.
StocksPosted by
TheStreet

Stock Market Today With Jim Cramer: August Trading and Square

Stocks rose Monday but came off earlier highs that were propelled by solid corporate earnings and dealmaking. TheStreet's Jim Cramer shared his concerns about trading during August and his views on Square's (SQ) - Get Report $29 billion takeover of Australia's Afterpay. Cramer: 'There's always a swoon.'. While Julius Caesar...
Knoxville, TNWATE

Puppy scams increase amid COVID-19 pandemic

KNOXVILLE, Tenn. (WATE) — The coronavirus pandemic has dramatically increased the demand for pets as people seek a way to ease loneliness, but with the demand for more puppies, there has been a spike in pet scams as people search online for a new dog. The price of a yellow...
BusinessPosted by
Reuters

Square backs a truck onto Wall Street’s front yard

WASHINGTON, Aug 2 (Reuters Breakingviews) - Square (SQ.N) is reversing into Wall Street’s front yard. The $29 billion purchase of buy-now-pay-later firm Afterpay (APT.AX) announced on Sunday makes Jack Dorsey’s financial technology outfit look more like a bank. Only unlike JPMorgan (JPM.N), Citigroup (C.N) or Bank of America (BAC.N), Square comes without historical baggage, dense regulation and a lengthy rap sheet. The big lenders can’t help but take this threat seriously.
StocksKokomo Perspective

Top Stocks To Watch This Week? 3 Fintech Stocks Making Headlines

Financial technology, or fintech for short, is an increasingly vital industry in the world today. By extension, this would make fintech stocks increasingly relevant in the stock market today. This would be the case as fintech companies enable contactless payments along with other financial services directly accessible from consumers’ smartphones. When you couple this with the current pandemic, it is easy to understand why fintech has skyrocketed in popularity. With signs of another wave of coronavirus infections incoming, some would argue that fintech stocks could continue to thrive.
BusinessPosted by
Los Angeles Times

Square to buy Afterpay for $29 billion to tap younger users

Square Inc., the digital-payments platform led by Twitter Inc. founder Jack Dorsey, agreed to buy Australian buy-now, pay-later company Afterpay Ltd. for $29 billion in its largest-ever acquisition. The all-stock offer values Afterpay shares at $126.21 (Australian) each, 31% higher than Friday’s closing price of $96.66, the companies said in...
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