It seems that 30% of French consumers have already resorted to installment payments
Payment by installment has become increasingly popular in France, according to Ecommerce News.
Installment payments are gaining market share in France. These are the payments in which a customer pays the bill in small portions throughout a fixed period of time.
Galitt survey among over 750 French consumers has found that the used payment methods when shopping online in France. The Payment & Digital Barometer shows that 56% use PayPal, 30% use installment payments and 29% use a “buy now pay later” solution.
Among the share of French people who pay in installments, about 8 in 10 do this without credit, 4 in 10 do it with credit and 20% use both.
And indeed, the French people who use split payments the most are often customers of online-only banks, hold a card with systematic authorization, are fans of new payment methods and are aged 35 years or younger.
We’ve reported that Mastercard will no longer issue new cards in South Asia.