Boston, August 1, 2018 – Friction is failure in online/mobile payments around the world. The more difficult it is to make a purchase, the more likely it is that the customer will abandon the process. Online consumer lending at the moment of purchase has emerged in the past decade and is a significant contributor to the purchase equation. New products in new categories supported by new technologies are driving its growth, but what are the risks?
This report provides an overview of the online/mobile lending space for online lenders, processors, and merchants, with a particular focus on lending that occurs at the moment of purchase. It is based on interviews and conversations with individuals from over 15 organizations and thought leaders in North America and Europe actively engaged in the online consumer lending space.
This 18-page Impact Note contains three figures and three tables. Clients of Aite Group’s Retail Banking & Payments service can download this report, the corresponding charts, and the Executive Impact Deck.
This report mentions 3dcart, Affirm, Alipay, Amazon.com, Ashley Furniture Home Store, Big Commerce, Blispay, BrandSmart USA, Bread, Bryant A/C, Carrier, Devolo, Enova Decisions, Etsy, E-Trade, Eurowings, Expedia, Fifth Third Bank, FuturePay, Ghost Bed, Gilt, GlassesUSA, GreenSky, Guitar Sanctuary, iCracked, James Allen, Klarna, Laura’s Home and Patio, LendingPoint, Lenovo, Micro Center, Microf, Nava, NetCredit, O’Reilly Auto Parts, Otto, Overstock, Payne A/C Systems, PayPal, Paysafe, RatePay, Regions Bank, Roberts Cameras, SAP Hybris, Shopify, Splitit, Spotify, Sunday Somewhere, SunTrust Bank, Synovus Bank, The Home Depot, Upstart, Visa, Vyze, Wayfair, Wish, Woo Commerce, and Zibby.