Square/Afterpay and the Broader BNPL Trend
BNPL has caught on more broadly in other markets but it’s certainly poised to catch on here. Square’s pending $29b acquisition of Afterpay is certainly a major indicator, as are other deals. What is the significance of Square/Afterpay, and where is BNPL headed? Rob Galtman, a director at Fitch Ratings, gives us his take.