Retailers’ limited financing offerings hamper sales growth, customer retention

AUSTIN, Texas, May 17, 2016 /PRNewswire/ — Through research conducted and compiled among consumers, retailers and other major brands, financial technology leader Vyze has identified a “Financing Gap” between consumer desires and retailers’ financing offerings. While 42% of all consumers are more likely to shop at a retailer that provides financing to help with purchases, just 11% of consumers use financing provided by the retailer.  This is just a fraction of the $1.7 trillion in annual retail sales volume that could be financed if retailers offered and promoted financing options more and to more customers.

by Veronika Clough

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