This will be an all-stock deal that values Discover at a 27% premium over its closing price on Friday. It will also give Capital One an even larger credit card customer base. Featured> Capital One Is Buying Discover Financial for $35 Billionwww.wsj.comThe deal would combine two of the largest credit-card companies in the U.S. at a booming time for the sector. From Fintech Nexus> EY, MoneyLion unite to deliver integrated digital financeBy Tony ZeruchaEY Nexus for Banking Powered by MoneyLion unites two category leaders to help banks scale with integrated digital financial solutions. Global: Tap, click and pay: how digital payments seize the dayThe use of digital payments around the world continued to grow in 2022, while the number of cash withdrawals and small-denomination banknotes declined, according to BIS figures.

Source: Wall Street Journal February 20, 2024 23:32 UTC