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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. with about 1 million new users added, along with numerous new retailers. Active users on the platform reached 13 million in the U.S.,

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Square Capital Distributed 76K PPP Loans Totaling $820M

PYMNTS

Square Capital LLC processed more than $820 million in Small Business Administration (SBA) Paycheck Protection Program (PPP) forgivable loans in six weeks, the firm reported. Last year, Square Capital did $2.3 Of that number, 60 percent of the borrowers had never before received a loan through Square Capital.

Capital 141
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CRE risk management: Navigating hazards and opportunities

Abrigo

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. Takeaway 3 Loan-level stress testing can help assess repricing risk, while capital stress testing helps clarify the impact of CRE loan losses on capital.

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Polish Investors Hopeful For eCommerce After Allegro IPO

PYMNTS

Executives at MCI Capital , the biggest publicly traded private equity firm in Poland, are optimistic that a recent record-breaking initial public offering (IPO) in the eCommerce space bodes well for the industry, Bloomberg reported. Online retailer Allegro.eu

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New French Lockdown Prompts Amazon To Stop Black Friday Ads

PYMNTS

Amazon is suspending advertising related to pre-Black Friday campaigns in France after coming under fire from at least one government official who said it was unfair for the online giant to flex its digital retail muscle just as a new pandemic shutdown forces small shops and restaurants to close, Reuters reported.

Retail 206
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PayPal Wants To Capitalize On India’s Mobile Growth

PYMNTS

As PayPal reaches saturation points in Western markets, it wants to continue to expand internationally, especially in India, where the country’s 450 million mobile users make it an attractive target for retailers. We look at regions and then there are countries of importance? PayPal considers the country critical to its growth.

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Grab Financial Group Raises $300 Million For Expanded Finance Solutions

PYMNTS

Other investors in the round include K3 Ventures , GGV Capital , Arbor Ventures and Flourish Ventures , the release stated. Consumers seemed to respond positively to products like its retail wealth management tool AutoInvest, along with more growth for its insurance distribution, the release stated. “We

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