Latest Apex Insight research shows UK Point of Sale Finance now running at over £4bn per year

Apex Insight‘s latest report, UK Point of Sale Finance Market Profile and Forecast 2017, is designed to provide a detailed snapshot of both the history and emerging trends within this market. This report identifies the relevant drivers of the growth of POS Finance in recent years, as well as how the market works, recent happenings, threats, opportunities, the types of retailer it is favoured by, as well as comparisons with other forms of finance.

The report finds that growth has been driven by trends, including theshift of retail from the high street to online where these deals are now very common, the widespread availability of interest-free deals and new technology such as apps enabling quicker decision-making and higher acceptance rates.

Overall, the outlook for POS Finance in the UK remains positive.  However, expectations for overall economic growth and hence, consumer appetite for borrowing and retail spending, are lower than when we last looked at the market a year ago.  There are two main reasons for this: GDP forecasts have been lowered post-Brexit, and the depreciation in sterling is feeding through to higher inflation.

The 2017 UK Point of Sale Finance report is available now. It is one in a series of consumer credit market reports, covering markets including High-Cost Short-Term Lending, Pawnbroking, Debt Purchase / Collection, Car Finance, Rent to Own Retail and Home Credit..

About Apex Insight

Apex Insight is an independent provider of research and consulting services covering business and financial services markets in the UK and Europe. It publishes insightful market reports and carries out commercial due diligence and other bespoke consulting exercises to support managers, investors and advisers in making better business decisions.