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Capital One Halts BNPL Transactions On Its Cards

PYMNTS

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.

Capital 184
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Climate and capital: some outstanding issues

BankUnderground

There is a lively debate about whether and how capital regulations for banks and insurers should be adjusted in response to climate change. Incorporating climate-related risks into the capital regime will require a reliable methodology to measure these risks. Marco Bardoscia, Benjamin Guin and Misa Tanaka.

Capital 103
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SoftBank Earmarks $1B For eCommerce, Healthcare And FinTech In LatAm

PYMNTS

SoftBank will add $1 billion this year to its $5 billion Latin America Fund introduced in 2019, adding to last year’s $1.6 Its investment in Latin America this year will target eCommerce, healthcare, FinTech and other industries, as it looks at about 650 firms in the region. billion, Bloomberg reported on Friday (Feb.

Fintech 174
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Nexi Raises $2.3 Billion in Europe’s Largest IPO in 2019

Bank Innovation

billion), making it the biggest listing in Europe so far this year and the third major IPO of a payment-processing institution in the region in less than a year. The initial public offering of payment-service company Nexi SpA raised 2.01 billion euros ($2.3 Shares were offered at 9 euros each, giving the company a value […].

Regional 150
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MercadoLibre: The ‘Amazon Of Latin America’ Spreads Its Wings

PYMNTS

In Latin America, such a company exists in the form of MercadoLibre , a triple-threat regional financial powerhouse based in Argentina. It is one of the region’s fastest-growing companies, having just turned in a stellar first quarter in a region that has more complexities than any of its northern neighbors. ”

America 248
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Danske Bank Debuts Payment Automation For Corporate Cards

PYMNTS

The report notes that this service will first be introduced in Denmark and then rolled out to other Nordic region countries, and can be accessed through an app letting users track vouchers and outstanding payments for purchases or outlays made on their Mastercards.

Cards 221
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FinTech MatchMove To Acquire Stake In eCommerce Firm Shopmatic

PYMNTS

With the investment, MatchMove, which is also based in Singapore, will be able to extend its “banking-as-a-service” wallet capability to Shopmatic’s ecosystem spanning over 435,000 eCommerce small and medium-sized businesses (SMBs) and individual entrepreneurs across the region.

Fintech 168