PayPal heats up buy now, pay later race with $2.7 billion Japan deal

$PayPal(PYPL.US)$
PayPal Holdings said it would acquire Japanese buy now, pay later (BNPL) firm Paidy in a $2.7 billion largely cash deal.

PayPal also entered Australia last year, raising the stakes for smaller companies such as Sezzle and Zip Co.

The transaction is expected to close in the fourth quarter of 2021, and will be minimally dilutive to PayPal's adjusted earnings per share in 2022.

Paypal continue to expand the acquisition mode by boosting up the moat to against other fintech companies. Buy now pay later will be a hot future trend so paypal immediately expanding the market share in this area. It proved after the separation from ebay, paypal can continue to grow the revenue and stay on top as a fintech leader.