BNPL Gets Bigger and Better with Afterpay and Square

As retailers begin preparing for the winter holidays and Buy Now, Pay Later (BNPL) players such as Mastercard, PayPal, and Visa roll out their point of sale solutions, Square entered the market with a splash. Square, founded by Twitter’s microblogging entrepreneur, Jack Dorsey, provides a range of integrated merchant payment services. The firm recently acquired BNPL giant Afterpay. Square, founded in 2009, helps small merchants compete in e-commerce. The firm began as a solution to help Jack Dorsey’s friend, Jim McKelvey, sell his crafted blown glass at a business called Third Degree Glass Factory. The story goes like this. McKelvey, [...]