UPDATE 1-Australia's Zip taps US market with buyout of buy-now-pay-later peer QuadPay
June 02, 2020 at 02:47 AM EDT
Australian buy-now-pay-later (BNPL) company Zip Co Ltd said it will buy New York rival QuadPay Inc in an all-share deal that values the target at $269 million, joining a rush of Australian companies to tap the world's largest consumer market.