SQ - What The Square Afterpay Deal Means For BNPL FinTech BigTech And Banks

• Square’s announcement that it’s going to acquire Afterpay for $29 billion just about broke the payments portion of the internet last Monday.
• The Square/Afterpay acquisition has accelerated the conversations for how traditional banks and card networks should be thinking about their build, buy, or partner decisions in the BNPL space.
• For the BNPL pure plays, their long-term ignition strategy means adding credit card-like functionality so that consumers begin to use them as they do their credit cards today.

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