amid the pandemic. Banning BNPL credit card purchases could be a way for Capital One to prevent these outcomes, especially as the card issuer works toward boosting card spending and limiting its own risk amid its pandemic recovery.
And because installment lending is perceived as a credit card alternative, limiting ties could draw customers back to their credit cards. Since issuers like Capital One use interest as a revenue generator, enabling customers to make installment payments from interest-free competitors could cut into that flow.
, for example—introducing BNPL offerings, Capital One might venture out to introduce an installment lending offering for its own card members.Join other Insider Intelligence clients who receive this Briefing, along with other Payments & Commerce forecasts, briefings, charts, and research reports to their inboxes each day.
I don't know the details behind this, but isn't the definition of 'credit' to buy now and pay later? Did they ban themselves?
Buy now and collectors later 😂
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
One silver lining of the pandemic: Millennials are saving more - Business InsiderBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. You mean it was never their income that was the problem? Despite them complaining about disadvantage? Amazing what happens when you spend less than you earn. You should always save money for rainy days pandemic ....
Source: BusinessInsider - 🏆 729. / 51 Read more »
Bakkt launching consumer app to combine digital assets in one place - Business InsiderWall Street made waves in 2020 letting big companies use their loyalty programs as piggybanks. Now, crypto startup Bakkt is aiming to help consumers tap into miles and points they've earned.
Source: BusinessInsider - 🏆 729. / 51 Read more »
UK group calls for one-time wealth tax as ultrawealthy taxes grow - Business InsiderA group of UK experts is pushing for a one-time wealth tax, and one-off taxes on the ultrawealthy have already become law elsewhere Reset the Monopoly board.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
Advertising giant WPP cuts up to one-third of NYC office space - Business InsiderBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. this is terrible news
Source: BusinessInsider - 🏆 729. / 51 Read more »