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BUZZ – Amazon inroad? Morgan Stanley sees chance from PayPal's...

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    BUZZ – Amazon inroad? Morgan Stanley sees chance from PayPal's Japan BNPL deal
    9 September 2021 9:45 am
    * Morgan Stanley says PayPal Holdings' $2.7 bln takeover of Japanese buy now, pay later (BNPL) firm Paidy could
    kickstart a relationship with Amazon ...
    * Paidy, Morgan Stanley says, started providing BNPL services to Amazon Japan in 2019, which will now offer PayPal an inroad to the e-commerce giant in the country
    * Says the Paidy-Amazon relationship may also earn PayPal conversations with Amazon for it to provide BNPL or other credit solutions, or even digital wallet services, in the U.S.
    * Affirm last month partnered with Amazon to offer its BNPL services in the U.S., which MS says could indicate Amazon's openness to adding more ...
    * PayPal says Japan online shopping volumes more than tripled in the last decade to ~$200 bln and is the world's no.3 e-commerce market
    * Since launching its BNPL service last year, PayPal is now more aggressively moving to gain share in the booming industry from pure-plays such as Klarna, Afterpay and Zip Co Ltd
    * Square is set to buyout Afterpay for $29 bln
    (Reporting by Nikhil Kurian Nainan) (([email protected]; Twitter: @NikhilKurianN)
 
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