Consumers and Retail Credit - UK - February 2018

Consumers and Retail Credit - UK - February 2018

“Consumer confidence and good credit availability has driven year-on-year growth in retail credit lending. Going forward, technology innovation will make the provision and application of online retail credit more streamlined, helping to attract new customers. Partnerships with fintech lending firms will also extend the availability of retail credit among retailers. However, the squeeze on incomes and consumers’ desire to cut back on spending will likely dampen growth.”

– Jessica Galletley, Financial Services Analyst

This Report looks at the following areas:

Open Banking presents new opportunities for point-of-sale credit
Improving the perception of retail credit
Retail credit competes with credit cards

TOC available on request

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