New Market Report: Store Cards in France
After a new regulation was introduced to consumer credit, store card issuers had to revise their conditions, which made the offer of credit instruments less attractive to consumers. In 2013, retailers had to offer an option of depreciable credit instead of revolving credit for purchases for example over EUR1,000. This was a disadvantage for retailers who had previously converted their store cards into credit cards (like in 2009, for example, Carrefour converted all its PASS store cards into...
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