Retailers that do not offer point-of-sale finance risk losing 44% of potential customers

Over a quarter of people (26%) who used credit in 2015 said they would have gone to another retailer if they didn’t have the option to ‘buy now, pay later’, while almost a fifth (18%) said they would have thought twice about buying the product altogether. Only 33% would have bought the same product on the same day using an alternative method, such as cash or a credit card.

In these challenges economic times, cost-conscious consumers are looking for easier ways to fund big purchases over a longer period in the form of finance, which is having a significant impact on people’s spending behaviour. 83% of customers said that…