Precious Plastic 2012: All change please
The UK consumer credit card market is on the verge of major change. How are consumers using credit cards? And how is technology facilitating new payment methods?
This year’s Precious Plastic report has found that the consumer credit market has reached a critical point and long-established business models may need to change as:
- Volumes of borrowing continue to contract
- Regulators are pushing for simpler and more price transparent products
- The way people access credit and pay for goods and services is also being transformed
- The credit card’s once dominant position gives way to debit cards and digital alternatives
Click on the links above to read the full report and to listen to our experts' opinions about the future of the credit card market.