#BNPL / Afterpay Buys Pagantis For €50M To Expand Its EU Footprint

… Afterpay is known for its buy now, pay later (BNPL) programs.

Pagantis… offers payment services for eCommerce businesses in Spain, France and Italy.

… Afterpay said the deal would “expedite its expansion into Europe and capitalize on a market primed for ‘buy now, pay later’ (BNPL) services… With large millennial populations, a strong fashion and beauty market, and significant consumer debit card usage, there is a strong opportunity to offer BNPL services.”

Afterpay plans to offer Pagantis’ products across Spain, France and Italy under its European brand, Clearpay… Afterpay announced last week that it has partnered with beauty, fitness and casual fashion retailers Charlotte Tilbury, Fenty Skin, Fila, Huda Beauty, Puma and Vineyard Vines. Afterpay said it had also launched two new features that enable customers to view estimated spending limits and reschedule payments.