Square to Acquire Australia-Based Afterpay for $29 Billion

The video discusses Square's acquisition of Afterpay, highlighting the creation of a digital payments powerhouse. Jack Dorsey, CEO of Square, emphasizes the shared purpose of both companies to enhance their ecosystems and offer more products and services. The acquisition aims to appeal to millennials and expand Afterpay's presence in the US. The deal, which includes a significant premium, is expected to close in early 2022. The video also covers the impact of the buy now, pay later model, which gained popularity during the pandemic, and its influence on the fintech industry.

What impact is this acquisition expected to have on the US market?

What are the key features of Afterpay's payment method?