What to read today: Digital-Only Bank Account Holders Forecast: Insider Intelligence explores the key international factors expected to affect digital-only bank account holder growth across the US, the UK, and Canada between now and 2024, both those expected to drive up growth and those that may pose growth risks..
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| | | | | Capital One bans buy now, pay later transactions on its credit cards. | Capital One announced that it will no longer allow customers to finance installment lending purchases with its credit cards.
The card issuer's move comes amid pandemic-driven spending habits leaning into BNPL services and away from credit cards. Credit card spending plunged substantially early on in the pandemic due to a combination of overall spending declines and an influx of consumers avoiding debt accrual during the crisis.
Capital One is likely aiming to reduce financial risk and fend off overall BNPL competition.
Business Insider Intelligence's Adriana Nunez has the full story. | | | | | | | | | | | | | | | | | | | | | | | | | | | | Digital-Only Bank Account Holders Forecast | | Insider Intelligence explores the key international factors expected to affect digital-only bank account holder growth across the US, the UK, and Canada between now and 2024, both those expected to drive up growth and those that may pose growth risks. | | Get the full report → |
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| | | | US Mobile Wallets in 2020 and Beyond Report | | An overall uptick in US consumer time spent on smartphones is trickling down to payments and commerce and driving volume in three core categories: mobile commerce (m-commerce), mobile peer-to-peer (P2P) payments, and mobile proximity payments. This report sizes the mobile payments market and identifies what''s driving growth in these key areas. | | Get the full report → |
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