The European Consumer Payment Report (ECPR) 2020 outline the financial impact of Covid-19 on private households in 24 European countries. This year's results shows that the pandemic has had a serious impact on consumer finances.
Card and mobile app payments are becoming widespread, but Intrum’s latest survey of 10,000 companies finds varying views about the likelihood of a cashless society across European countries.
The upcoming European Consumer Payment Report 2020 finds growing trend towards more sustainable consumption, especially among younger and female consumers.
Legislation can help address the late payments issue, but businesses themselves have the chance to play a leading role in finding solutions. Intrum is ready to help.
Europe has entered the second wave of the Covid-19 pandemic and the lockdowns will put many consumers and businesses in difficult financial positions. The consequences of a pandemic-related recession will intensify the problem of late payments among European companies.
As Chief Compliance Officer, Lina Rollby Claesson is developing Intrum’s compliance work.
As we mark World Savings Day on October 31, there are concerns that the pandemic is having longer term consequences for Europeans’ personal finances.
The construction sector has long been afflicted by late payments. Complex billing procedures and a lengthy payment chain mean that getting paid on time can be a challenge. The issue is becoming even more urgent given the pressure that the pandemic is putting on the sector.
Against a backdrop of economic uncertainty, the payment gap – the time between the agreed payment term and the actual duration of pay – is widening
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