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UK Point-of-Sale Financing Market Report (including Buy Now Pay Later), with ApptoPay, Barclays Partner, Caledonian Consumer Finance, Clearpay, Deko and Divido Financial Services

By on December 31, 2021 0

DUBLIN, December 31, 2021 / PRNewswire / – The report “UK Point of Sale Finance (including Buy Now Pay Later): Market Insight Report 2021” has been added to ResearchAndMarkets.com offer.

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This report focuses on the UK point of sale, or POS finance market. Also known as retail finance, store credit, store installment credit, or Buy Now Pay Later (BNPL), it refers to loans made by or on behalf of a retailer to enable a consumer to perform a specific purchase.

The report quantifies the size of the outstanding loans market, revenue from new loans and loan providers, historical growth rates and industry profitability levels.

This report answers market questions:

  • How does the market work? What changes have there been recently?

  • What would be the impact of a rise in interest rates?

  • What types of retailers use it most frequently?

  • How does it compare to alternative and surrogate forms of financing?

  • What role have new technologies played in the market?

  • What is the size of the market and the historical growth rate, in terms of total outstanding loans, new loans and lender income?

  • What are the risks for the future growth of the market?

  • How does the market compare to those of other countries?

  • Who are the main funders and principals, who are the most widely used by retailers, how have they behaved?

  • Simply put, what do they each do, who do they work for and how do they work?

  • What are the UK’s major retailers doing – how much do they use this form of financing, how do usage patterns vary by industry, which vendors each use and how big is the churn rate?

Point-of-sale (POS) financing – also known as retail finance, store credit, or store installment credit – refers to fixed-term loans provided by or on behalf of a retailer to enable a consumer to make a specific purchase. This includes purchases of goods in mass-market stores and online, as well as purchases of services from medical, beauty or other providers.

Many retailers choose to subsidize the cost of credit as a promotional expense and offer “interest free credit” or “zero percent financing”.

It is used by both national chain stores and independent stores, most commonly in the home and furniture, jewelry, and electrical industries.

  • Loans are generally made in the form of personal loans, unsecured by the assets and without a lease.

  • Interest-free loans are generally for a term of 3 to 12 months with an APR of 0% (i.e. no additional fees are charged)

  • Loans billed are typically for periods of 12 to 60 months with an APR of 15 to 20% being typical.

  • Some retailers offer both fixed-term and product-specific points of sale as well as revolving credits such as store card accounts

Until recently, purchases had to be worth over £ 200 for point-of-sale financing to be viable, given fixed installation costs. But, over the past couple of years, there has been a growth in smaller, shorter-term interest-free offers, with minimums as low as £ 30.

Main topics covered:

Companies mentioned

  • ApptoPay

  • Auto Serve Finance Limited,

  • Azule Limited

  • Barclays Partner

  • Caledonian consumer finance

  • Carnegie consumer finance

  • Clearpay

  • Close Brothers Retail Finance

  • Deko

  • Divido Financial Services Ltée

  • First senior financial limit

For more information on this report, visit https://www.researchandmarkets.com/r/a7fmh

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