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This Is Why Square's Acquisition of Afterpay Makes Sense

Jose Najarro, The Motley Fool
·1 min read

Square (NYSE:SQ) reported on Aug. 1 that it is acquiring Afterpay (OTC:AFTP.F), a "buy now, pay later" company. Afterpay brings news solutions for Square to offer in both its Seller and Cash App ecosystem. Afterpay has a strong presence in Australia, New Zealand, and the U.K., accelerating Square's international growth as Square's most substantial presence is in the U.S. Finally, most sellers using Afterpay's platform are enterprise merchants, which Square is focusing on growing.

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