For the latter half of the review period one of the biggest issues plaguing consumer credit was high inflation – when inflation rose too high, increased interest rates pushed the European Central Bank (ECB) to bring it back down to their 2% target over the medium terms, which resulted in a strong increase in prices for of all kinds of credit, especially in 2023.
The BNPL market is reaching a certain maturity in France according to local experts. Local consumers are becoming increasingly informed but also increasingly demanding in terms of their payment experience, with a possible growing level of scepticism.
According to major player Cofidis, there is an ongoing deterioration in the situation of customers and prospects. This company was refusing 80% of credit application files in 2023 but seemed to be more flexible in 2024.
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Understand the latest market trends and future growth opportunities for the Consumer Credit industry in France with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in France, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See all of our definitionsThis report originates from Passport, our Consumer Credit research and analysis database.
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