Our research has highlighted that there are
three megatrends influencing the future of credit:

Consumers expect seamless, personalised experiences

60 %

of eCommerce sales are made on a mobile device¹

Technology is driving hyper-personlisation

95 %

of new entrants use automated machine learning²

Instalments are leading the way

100 %

growth in Buy Now Pay Later (BNPL) usage from Q1 2021 to Q2 2022³

These are creating opportunity. Today, consumers want seamless, data-driven experiences.

Technology is evolving to deliver hyper-personalised credit offers, which can be embedded in more innovative payment options like BNPL.

Navigate the dynamic credit market with embedded finance

In the UK, embedded finance is fast becoming a top enabler of credit growth. In 2020, the market was worth $22.5bn. It’s set to grow tenfold by 2026. To prepare for this, credit providers and merchants must:

Understand consumer needs

Create credit experiences to reflect attitudes to put consumers in control

Build adaptable propositions

Leverage AI and predictive modelling to meet demand for personalisation

Form relevant partnerships

Collaborate strategically to establish a fully integrated digital proposition

1. Mobile commerce in the United Kingdom - statistics & facts, Statista, 2022
2. The coming opportunity in consumer lending, McKinsey, 2021
3. RFI Global 22Q1 UK BNPL

Discover the future of credit with exclusive Visa Insights

In our latest report, we look at the three megatrends in detail. We also shed light on the credit market, the drivers of change, and embedded finance as an important growth strategy.

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Our research has highlighted that there arethree megatrends influencing the future of credit: