has an opportunity to seize its moment . Mollie ’ s latest European Ecommerce Report , published in September , shows that consumers are still concerned about the state of the economy . A staggering 99 % of respondents say they have modified their buying behaviour in the last 12 months . In addition , roughly half of consumers ( 51 %) feel negatively about the state of the economy , although a similar percentage ( 47 %) are optimistic about the chance of it improving in the short term .
“ Although we don ’ t face quite the headwinds we did last year , economies across Europe remain in a precarious position ,” Ken Serdons , Mollie ’ s Chief Commercial Officer , said at the time .
These economic conditions could necessitate consumers needing access to smaller amounts of credit more frequently – and , with businesses still struggling too , extending credit lifelines to smaller firms could help them ride out day-to-day turbulence and remain resilient . This could include independents having access to credit through their POS app , or companies enjoying more favourable repayment terms through the AR / AP software they use .
fintechmagazine . com 77