Capital One Halts BNPL Transactions On Its Cards
PYMNTS
DECEMBER 7, 2020
Capital One Financial Corp (CapOne) is putting a stop to buy now, pay later (BNPL) transactions on its credit cards, calling the dealings “risky,” Reuters reported on Monday (Dec. The sector, which includes Australia’s AfterPay, Sweden’s Klarna, Canada’s Affirm and others is exempt from consumer credit laws in most regions of the world.
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