The Rise of Point-of-Sale Financing

November 22, 2018

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MONTHLY ANALYSIS

The rise of point-of-sale (POS) financing comes as an answer to a continuous lack of options to finance shopping and a continuous need to do so.

While more than half of US consumers held six or more payment instruments in 2017, consumers continue to mostly use debit cards, cash, and credit cards for payments. The median number of credit cards for credit cardholders was three.

In 2015, credit and debit cards accounted for 2/3 of non-cash payments processed. At some point, in 2017,

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