The bonding market in France

The French consumer credit market has been confronted with rising interest rates, leading to a stabilization of outstanding consumer credit at 210 billion euros in September 2023. Consumer credit market trends The consumer credit market in France is influenced by several factors, such as changes in purchasing power, interest rates and the digital evolution of financial services. Total consumer loans reached 210 billion in September 2023. However, the rise in interest rates in 2023 led to a sharp drop in growth rates for consumer credit production. The automotive sector has largely contributed to this slowdown, with car registrations expected to fall by between 10% and 14% by 2022. On the digital front, the market is undergoing accelerated digitization, as evidenced by the success of players such as Younited Credit. Amortizable loans account for some 65% to 75% of outstanding loans. Leasing has fallen by 5-6%. The profile of borrowers is diverse: 30-35% have a comfortable standard of li

Neobanks account for 10% of market share in France Neobank market trends in France The neobank market in France is undergoing a phase of significant growth and transformation. With the emergence of online banks accessible via the Internet and smart devices, there has been a shift in the way banking services are consumed by the French public. More than one in ten people in France have opened an online bank account, and 2% of French people have made neobanks their main banking establishment. Nevertheless, online banking remains a secondary option for most French people, and a considerable number still rely on traditional banking institutions for their primary financial needs. Traditional banks in France have not remained passive in the face of this change. They are closing physical branches to cut costs, and developing their own digital offerings to try and compete with these neobanks. The new banks are not content to simply offer basic banking services, but are seeking to become banks i

L repaid bank cards are payment cards that store electronic money. Worldwide, the use of prepaid cards at physical points of sale is down slightly, at around 2% of transactions. The Middle East and Africa lead the way in prepaid card use, with a market share of 4% online and 6.2% at points of sale in 2020. France has seen growth in non-liquid means of payment, particularly since the health crisis, with card payments accounting for over 60% of all scriptural (non-liquid) payments in volume and 30% in value. Cashless payments reached over 30 billion transactions. The demand for prepaid bank cards is ideal for parents who want to teach their children about financial management from an early age. These cards are highly appreciated gifts. They are suitable for the unbanked and those concerned about the security of online transactions. The number of e-money establishments has tripled since 2014. The costs associated with prepaid bank cards are key to consumer choice. The market abounds with