Potential Dangers of 0% Interest Rates on Installment Loans

Point of sale loans even at 0% are not new; the idea is that a retailer can bring in more sales through this type of partnership; however there are risks to consumers and lenders especially with the current economic outlook; American Banker shares more about Afterpay which is an Australian firm that expanded to the US in the last 18 months; they also dig into the regulatory gray areas that these companies play in; Afterpay currently partners with retailers such as Anthropologie, Levi’s, Skechers and Urban Outfitters; these merchants pay around 4% of the revenue they generate from sales to Afterpay; offering Afterpay increases conversion rates by around 22% and also increases average order size; Afterpay reports 3.6 million active US customers in the last six months of 2019, up from 700,000 in the prior six months. American Banker

  • With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!

[class^="wpforms-"]
[class^="wpforms-"]