Deals
Nexi Weighs Sale of $1.1 Billion German ‘Buy Now, Pay Later’ Unit
- Ratepay could be valued at more than 1 billion euros
- Buy now, pay later demand increasing among young consumers
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Nexi SpA is considering options for its German “buy now, pay later” unit amid increasing demand for the service among young consumers, according to people familiar with the matter.
The Italian payments group is conducting a strategic review of Berlin-based Ratepay and could consider a sale of the business, the people said, asking not to be identified discussing confidential information. The unit could be valued at more than 1 billion euros ($1.1 billion), the people said.