Business
Buy now, pay later chiefs try to calm investors – The Australian Financial Review
Sezzle’s US-based boss has moved to assuage investor fears about the impact of PayPal’s entry into the buy now, pay later market as share prices across the sector sink heavily again.
The savage sell-off is occurring after PayPal, which has 190 million active accounts in the United States, announced on Monday a new product with exactly the same features as Afterpay and Sezzle but at a lower cost to merchants.
PayPal’s ‘Pay in 4’ will launch in the fourth quarter of this calendar year, offering its 190m US users the same product as Afterpay. Bloomberg
“The buy now, pay later sector in the US is very nascent compared to Australia and there is more than room for multiple play…
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