It could be time for PayPal (PYPL) to get cracking on a bid for fellow payments processor Square (SQ) .
The purchase of Square would give PayPal increased acceptance with bricks and mortar retailers, Loop Capital analyst Joseph Vafi wrote in a note Tuesday. All in, the deal would further PayPal’s efforts to become a “true, two sided network,” according to Vafi.
Vafi estimates PayPal would be able to pay a 30% premium for Square, valuing the company at more than $12 billion using current prices.
