The emergence of COVID-19 in Portugal resulted in economic instability with rising unemployment and a reduction in consumers’ purchasing power. Consumer Lending in Portugal report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It...
The COVID-90 pandemic had a very strong and distinctly negative impact on the Colombian economy. In particular, the country’s consumer economy receded substantially over the second and third quarters of the year as many consumers sought to avoid all non-essential spending. Instead, a more circumspect attitude towards personal finances emerged,...
The emergence of COVID-19, and the subsequent lockdown measures introduced by the government which resulted in rising unemployment, decreasing disposable incomes and therefore weak consumer sentiment, translated into a significant decrease in the number of applications for consumer credit and mortgages/housing. This resulted in a drastic decline...
2020 was a mixed year for consumer lending. COVID-19 has meant that, in general, gross lending slowed down, particularly as mortgages had already started experiencing a slowdown as a result of social unrest towards the end of 2019. Furthermore, the market struggled with uncertainty caused by the expected resurgence in March as well as the...
Debt Collection Software Market Research Report by Services (Managed Services and Professional Services), by End User (Banks, Collection Agencies, Consumer Goods and Retail, Finance Companies, and Healthcare), by Deployment - Global Forecast to 2025 - Cumulative Impact of COVID-19 Market Statistics: The report provides...
Lending Global Market Opportunities And Strategies To 2030: COVID-19 Impact and Recovery provides the strategists, marketers and senior management with the critical information they need to assess the global lending market as it emerges from the COVID 19 shut down. Description: Where is the largest and fastest growing...
In 2020, the COVID-19 outbreak led to a sudden slowdown in consumer lending in Romania, with the pandemic significantly reducing appetite among consumers to take on debt. Declining incomes and rising uncertainty over economic prospects also negatively impacted demand for loans. As a result of the extended lockdown, economic uncertainty, alarming...
Negative growth was recorded across the Peruvian consumer lending industry during 2020 as the COVID-19 pandemic had a very detrimental impact on the willingness of people to borrow money. Consumer Lending in Peru report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards,...
The global peer to peer (P2P) lending market grew at a CAGR of around 25% during 2014-2019. Peer-to-peer lending, or P2P lending, refers to a monetary arrangement between two entities without the involvement of various financial institutions. It involves a borrower seeking unsecured personal, business or educational...
The COVID-19 pandemic definitely had a strong influence on Ukraine’s consumer lending market during 2020. In particular, the economic uncertainty that has emerged in the wake of pandemic has discouraged banks from issuing new loans. This reluctance to lend unfortunately come at time of increased demand for consumer credit among Ukrainians...