Quarter of SME retailers missing the bill on consumer finance boom
A quarter of UK retailers are not capitalising on the rise in consumers spending on finance, according to new research. The study, conducted by innovative finance solutions provider, Duologi, found that consumer finance is on the rise, with 16% of consumers now purchasing on finance, rather than credit cards and bank loans, compared to just 6% in 2017. Moreover, 83% of consumers said they would consider using point-of-sale (POS) finance in the future, compared to 78% in 2017. With 168,490...
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