United Kingdom Point of Sale Finance Market Insight Report 2019

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Sep 02, 2019, 10:30 ET

DUBLIN, Sept. 2, 2019 /PRNewswire/ -- The "UK Point of Sale Finance Market Insight Report 2019" report has been added to ResearchAndMarkets.com's offering.

This report focuses on the UK market for point of sale, or POS, finance.

Also known as retail finance, in-store credit or store instalment credit, it refers to loans provided by, or on behalf of, a retailer to enable a consumer to make a specific purchase.

This new edition of the report has been updated and extended to take into account recent growth in the market and to revise our market size estimates and 5-year forecasts.

The report quantifies the market size in loans outstanding, new lending and loan provider revenues, historical growth rates and levels of industry profitability. It also includes an in-depth analysis of the relevant drivers of industry growth setting out historical trends and available forecasts.

This report aims to answer a series of questions on the POS finance market:

How does the market work? What changes have been recently?
What would be the impact of an interest rate rise?
Which types of retailers use it most frequently?
How does it compare with alterative and substitute forms of finance?
What role has new technology played in the market?
What is the market size and historical growth rate, in terms of total loans outstanding, new lending and lender revenues?
What future growth can be forecast? What are the risks to future market growth?
What hard evidence is there to support views of historical and forecast POS finance market growth? What are the POS finance market drivers and how have they trended?
How does the market compare with those in other countries?
Who are the main finance providers and principals, which are most widely used by retailers, how have they performed?
In simple terms, what do they each do, who do they work for and how do they operate?
What do the leading UK retailers do to what extent do they use this form of finance, how do usage patterns vary by sector, which providers does each use and what is the extent of churn?

Key Topics Covered:

1. About this report

Summary
About the author
Contents
List of charts and tables

2. About the Market

POS finance is consumer credit for the purchase of specific goods or services
POS finance is provided as unsecured personal loans
Overview of market structure
Overview of products
Zero per cent finance
Market size by the number of retailers
Physical stores
E-Commerce sites
Total retailers
Medical and associated finance
Local case study: Salisbury
Regulation of the POS market
Regulatory requirements
Obtaining FCA authorisations
Increasing the use of technology for applications
Acceptance rates
POS terms offered by leading retailers
Adjacent markets include store cards and credit accounts
Store cards and credit accounts
Credit cards
Personal loans
Car finance
Mobile phone subscriptions
International comparisons with Europe, the US and Australia

3. Market size and growth

Market size trends
Market size since 2013
Lender revenues
Market drivers
Retail sales
Internet retail
Consumer confidence
GDP
Credit card penetration and spending
Consumer borrowing
Interbank rates
POS loan books as a proportion of retail sales
Lender yields
Bad debt rates

4. Competitive landscape

Financial performance of the leading operators
Overall market shares by lenders
Market share by sectors and leading retailers
Market share of independent retailers
Volumes per independent retailers

5. Broker platform provider profiles

Divido Financial Services Ltd.
Description
History
Financials
Example clients
Klarna
Deko (Pay4Later)
V12 Retail Finance Ltd
TrustaGo.

6. Lender profiles

Home Retail Group Card Services Ltd.
Description
History
Financials
Recent News
Azule Ltd (t/a Azule Finance)
Barclays Partner Finance (Clydesdale Financial Services)
BNP Paribas Personal Finance (Creation Consumer Finance Ltd)
Close Brothers Ltd. (Klarna)
Hitachi Capital
IKANO Bank AB
OMNI Capital Retail Finance Ltd
Paybreak Limited (afforditNOW)
PayPal
Rematch Credit Limited (DivideBuy)
Secure Trust Bank Plc
Shop Direct
Other lender profiles
Caledonian Consumer Finance
Carnegie Consumer Finance
ClearPay
Conister Bank
Honeycomb Finance Limited
First Senior Finance Limited
Lending Works Limited
PayitMonthly Limited
Payment Assist Limited
Shawbrook Bank
Snap Finance Ltd. (Pay Weekly)
Social Money Ltd (Payl8r)
Specialist Lending Ltd (Duologi)
Tymit Limited
Vanquis Bank

7. Forecasts

Key drivers remain broadly favourable
Economic growth
Consumer borrowing and retail sales growth
Inflation
Forecast lending levels
Market revenue forecasts.
Market risks
No-deal Brexit
Significant interest rate rises
Other market risk factors
Competitive risk: Amazon
List of abbreviations

For more information about this report visit https://www.researchandmarkets.com/r/64z6tz

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