!['Buy now, pay later' is becoming a huge business](https://cdn.cnn.com/cnnnext/dam/assets/210802061637-02-square-payment-restricted-super-tease.jpg)
'Buy now, pay later' is becoming a huge business
CNN
Want to buy a new coat without shelling out the entire cost upfront? For shoppers, that's becoming an increasingly popular payment option — generating a windfall for the handful of companies that facilitate such services.
What's happening: Square, which owns the Cash App, announced Sunday that it's buying Afterpay for $29 billion, the largest acquisition of an Australian company ever.More Related News