According to a survey carried out on behalf of Younited, a specialist in instant credit, the use of payment in several instalments (split payment, generally free, or consumer credit), concerns increasingly average spending baskets. important.
In France, in 2023, 61% of consumers who made at least one purchase of more than €200 used a payment in two to four installments, a substantial share, but down 16 points compared to the last survey carried out in 2021.
Conversely, that of consumers who have used these payment facilities for purchases of more than €1,000 has increased by six points, rising to 45%.
” A shift is gradually taking place in favor of higher amounts and a greater number of monthly paymentswe note at Younited. A differentiating element compared to 2021, this method of payment is on the rise in the luxury market. In France, 3% of consumers have already used installment payment for the purchase of a luxury product in the last six months. This figure could climb to 6% in the next six months, to reach 12% in the longer term. “says the credit company.
Cash requirements
Unsurprisingly, it is above all the context of inflation that has driven these payment solutions.
The study notes that for 30% of French respondents, ” paying cash would make their end of the month difficult “. And four vsonsumers out of ten declare that they will have to resort to payment in instalments to pay for their purchases, whereas they would have paid cash before.
At the beginning of the year, and despite the rise in interest rates, the French Association of Financial Companies (ASF) already noted an increase of more than 2% in the volume of consumer loans granted (3.6 Billions of Euro’s).
As for split payment, which had developed on the e-commerce channel during the health crisis, it has established itself as an almost systematic payment solution for major consumer brands (from household appliances to travel): today, about a third of French people say they use it on a recurring basis…