Lack of consumer finance options costing UK businesses £25bn
Industry News | 02/08/18
UK businesses could be losing out on over £25 billion in potential sales by not offering a range of consumer finance options, according to new research.
The findings were published in a report by specialist lending platform, Duologi, which looked at the current state of the consumer credit market and attitudes towards point-of-sale (POS) finance across a number of sectors. POS finance allows merchants – from retailers to health providers and travel companies – to offer their customers a loan to purchase a product or service.
Source: Global Banking and Finance