Afterpay’s $39 billion takeover deal with Square dragged down the Australian fintech’s share price yet again amid delays and the US payments company announcing a rebrand. Because the takeover is an all-scrip deal, Square’s (NYSE: ASX) 6.6% fall in its stock overnight weighed on Afterpay (ASX: APT) in Thursday trade, falling 6.08% to close at… Read more »
The A$39 billion (US$29 billion) that Twitter founder Jack Dorsey’s digital payments company Square is paying to acquire Australian upstart payments outfit Afterpay is the biggest takeover deal in Australian corporate history. It surpasses the A$32 billion European commercial real estate giant Unibail-Rodamco agreed to pay for Frank Lowy’s Westfield Corporation in 2017. The deal… Read more »
Jack Dorsey’s payments platform Square is buying ASX-listed Australian fintech Afterpay Ltd (ASX: APT) in a deal worth US$29 billion (A$39bn). Anthony Eisen and Mick Molnar, co-founders of the buy now, pay later (BNPL) platform will join Square when the deal goes through early in 2022. They will help lead Afterpay’s respective merchant and consumer… Read more »
Square has integrated its services with MYOB’s accounting solutions, completing its plan to integrate with all major accounting solutions in Australia.
Square is continuing its push beyond the market stall, today launching a software development kit (SDK) to enable businesses to process payments through their own apps.
NAB Ventures, the venture capital arm of National Australia Bank (NAB), has joined investors including Elavon in backing smart payment terminal startup Poynt in a US$100 million ($139 million) Series C round
The average Australian carries less than $60 in their wallet, with 80 percent of consumers preferring to pay by card, a new report from Square has found.
Square and Bank of Queensland (BOQ) have joined forces to deliver small business more flexible payment options.
While conventional business thinking is to develop a product and launch it when its development is as close to perfect as it can be, Jack just launches a new product as early as he can.
Vend has announced the appointment of former Yelp director Dave Scheine as the company’s new country manager for Asia-Pacific.
As usage of ATMs falls, most experts are forecasting the full transition to a cashless society will take place somewhere between 2020 and 2022.
Payments company Square has revealed some figures around its growth in Australia since the local launch of its card reader last year, stating that over 60,000 businesses are using one or more of its products.
A few months after launching its contactless reader, Square is continuing its roll out of new products in Australia, today launching its Build with Square suite of payment APIs locally to enhance its omni-channel offering.