Infographic: BNPL Consolidation via M&A
Infographic: Neobank Approaches to Payment Acceptance
Infographic: Top BNPL Providers Demonstrate Solid Valuations
Observations on BNPL Valuations
Nubank IPO Sets the Target for Neobanking in LatAm
On 9 December 2021, Brazil-headquartered neobank Nubank made an impressive debut on Wall Street, raising $2.6 bil. on the NYSE, with an implied market capitalization of $50 bil. at IPO (now down to $43 bil.). Nubank is now the third-largest company by market capitalization in Brazil. Although the company is still unprofitable, it has a […]
Payment Stocks Experience a Rough 2H, Look to Rebound
Payment stocks were the darling of global public equity markets during the height of the pandemic in 2020. Payment companies, particularly those oriented to digital commerce, proved resilient, even during a pandemic. This wave of momentum in public equity valuations peaked earlier this year, however. Since then, most (not all) payments stocks have declined materially […]
A Practical Vision for Payments Platform Rationalization
This article was originally published by The Paypers.
Infographic: Open Banking Tech Platform Valuations at All Time High as Investors Eye Future Opportunities
General Observations Open banking technology platforms exhibit double and triple-digit revenue growth (figure 1) These platforms showcase triple-digit revenue multiples: Truelayer, Railsbank and Tink have valuations of more than 100x revenue (figure 2) High M&A and funding activity drives growth and valuation, and the cards schemes are also in the game (figure 2) Data aggregation […]
Regulatory Interventions Open Apple’s App Store, Sparking a Payments Gold Rush
For the first time since its launch in 2008, Apple’s control over its App Store and its lucrative payment volumes, ~$72 billion in 2020, are under threat from regulatory interventions. Recent rulings have set the stage for developers to accept payments directly from users via “out-of-app” flows circumventing the 30% “Apple tax”. The App Store […]
Brazil: Defining Fintech in LatAm
Brazil has evolved from a cash-centric society to one of the most dynamic digital payments markets in the world and a clear bellwether for fintech in the Latin American region. Digitization of Brazilian commerce, payments, and banking accelerated during the pandemic coupled with the government’s efforts to drive financial inclusion. The magnitude of the Brazilian […]
The Rise of Alternative Payment Methods in Europe
Europe saw a proliferation of new alternative payment methods (“APMs”) during the past decade which accelerated during COVID. APMs including mobile wallets, account-to-account payments, “Buy Now, Pay Later” schemes, and other forms are thriving across Europe. The European Payments Initiative (EPI), is an ambitious initiative to create a Pan-European payment scheme to compete with Visa/Mastercard. […]