PayPal to acquire Japan's Paidy for $2.7bn

Aims to boost Japan business with new cross-border e-commerce payment services

PayPal is expected to complete its acquisition of Paidy this quarter, and leave in place its founder plus its president and CEO. (Screenshot from Paidy website)

TAKENORI MIYAMOTO, Nikkei staff writer

September 8, 2021 11:01 JST

Updated on September 8, 2021 11:55 JST

NEW YORK -- U.S. payment company PayPal Holdings on Wednesday announced that it will acquire the Japanese "buy now, pay later" provider Paidy for about 300 billion yen ($2.7 billion).