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Buy Now, Pay Later Usage Increases as Provider Options Expand prweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prweb.com Daily Mail and Mail on Sunday newspapers.
4 Payment Trends that Emerged in the Shadow of COVID-19 LONDON, May 20, 2021 /PRNewswire/ COVID-19 has brought about many changes in consumer behaviour and issuer offerings. Auriemma Group s 2020 Cardbeat UK Trend Report identified four areas where shifts were most prominent, highlighting the impact that the pandemic has had on the payment s ecosystem for both financial institutions and cardholders alike. 1. New card acquisition, spend amounts and card usage have declined. Cardholders were less engaged with their existing products and fewer sought new products compared to prior years. According to Auriemma s research, new card acquisition dropped nearly 50%, with only 10% of UK credit cardholders in Q4-20 saying they acquired a new credit card in the past 18 months, down from 18% the same time the year prior. ....
Challenging Transition Ahead for Lenders as HMT Breathing Space and Payment-Holiday Conclusions Near LONDON, May 4, 2021 /PRNewswire/ Collections Departments faced unprecedented challenges throughout the COVID-19 pandemic, from embracing remote working to managing significant payment holiday volumes. And now, they must take action on HMT Breathing Space while transitioning from payment holidays. Auriemma Group s Collections and Recoveries Roundtable has been discussing these events and their corresponding strategies amongst the UK s top financial institutions. These two deadlines are quickly approaching, and along with the unpredictable macroeconomic environment, lenders must leverage learnings from the last year to prepare for the likely spike in volume ahead. ....
COVID-19 s Impact on Travel Has Shifted Consumer Loyalty Needs LONDON, April 28, 2021 /PRNewswire/ Perceptions of loyalty points and miles redemptions has shifted in the wake of COVID-19. The lack of opportunity to travel since the beginning of COVID-19 is eroding the appeal of travel-related benefits from UK loyalty programmes. According to Auriemma s latest research, 76% of credit cardholders enrolled in a loyalty scheme prefer to use their loyalty rewards for non-travel benefits. Meanwhile, only 35% of programme members intend to use their points or miles for travel-related benefits in 2021. But how has this change in behaviour been impacting loyalty programmes, and how quickly, if at all, will these patterns return to previous norms? ....
Issuers and Cardholders Shift Focus to Digital During COVID-19 finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.