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Regulation is Coming to POS Finance: Why Responsible Lending Will Benefit Retailers

Retail TouchPoints

As economic pressures and living costs surge, more people than ever are considering using point-of-service (POS) finance — such as buy now, pay later and installment loans — to manage their cashflow. It’s clear that there is a consumer-driven need for more flexible finance and smarter buying power. .

Finance 215
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Harvey Norman to be sued over ‘misleading’ interest-free deals

Inside Retail

Retail giant Havey Norman, and credit provider Latitude, are being sued by the Australian Securities and Investments Commission (ASIC) for allegedly misleading consumers on interest-free finance deals. . Consumers have a right to make informed choices,” said Court.

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Choosing the Right Funding to Fuel Your Brand’s Growth

Rangeme

Meanwhile, the right financing strategy can provide the resources needed to grow and thrive. There are many options to finance your production runs but not every one of them is the right option for every business. This can help to reduce the monthly strain typically associated with other shorter term financing options.

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5 Ways To Maximize Retail Business Financing

Retail Minded

Operating a retail business is both rewarding and challenging. One of the biggest challenges that you’ll face is related to finances. Many retail businesses are able to operate seamlessly with sufficient financing. Here are five ways retail businesses can leverage financing: Choose The Right Lender. Buy In Bulk.

Finance 52
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Four Ways Retailers can Leverage Generative AI to Transform their Business Today

Retail TouchPoints

Recent AI advancements have the power to reshape the way the industry operates. Retailers embracing Generative AI can stay ahead of the curve and compete in this ever-changing competitive landscape — enabling them to lead with a customer-first approach while operating with more efficiency. Providing 24/7 customer service.

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Four Ways Ecommerce Brands can Overcome the Overstock of Excess Inventory

Retail TouchPoints

This means the way consumers shop has drastically changed as new financing options rise in popularity. In fact, research shows that BNPL payments surged by 85% during the week between Black Friday and Cyber Monday last year. Zero in on incentives that don’t reduce margins. Offer bundles to boost order values.

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Experts predict the biggest fintech trends for 2023

365 Retail

Whilst buy now pay later has raised concern in recent years, the online trend allowing customers to split their payments into interest-free instalments continues to surge. . The financial promotion rules for BNPL are also set to change to ensure advertisements are clear and do not mislead consumers. . Embedded finance .