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Alternative personal finance switch mirrors business finance trend
The credit card is having a mid-life crisis. In the world of personal finance, consumers are turning their backs on the high-street credit cards in their wallets and purses in favour of alternative finance products. Sound familiar? For small businesses using SME finance services, it certainly will. News this week from PricewaterhouseCoopers (PwC) that the popularity of high-street credit cards is faltering, nearly five decades since their introduction, as consumers switch to alternative personal finance products, such as pay-day loans, is unlikely to have come as much of a surprise to small business owners in the UK, who have steadily reduced ... [Read More...»]
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