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Credit-Starved Venezuelan Shoppers Flock to Buy Now, Pay Later App Cashea

Credit-Starved Venezuelan Shoppers Flock to Buy Now, Pay Later App Cashea
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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BNPL App Cashea Grows in Venezuela Amid Demand for Credit

Buy now, pay later (BNPL) app Cashea is reportedly experiencing growth as it provides a much-needed solution to credit-starved consumers in Venezuela. ....

United States , Pedro Vallenilla , Black Friday , Latin America , Latin America Playbook ,

Tight credit, high inflation push Venezuelans to layaway purchases

Tight credit, high inflation push Venezuelans to layaway purchases
streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.

Distrito Federal , United States , Julia Symmes Cobb , Betsy Perez , Nicolas Maduro , Gustavo Valecillos , Juan Vegas , Ernesto Urdaneta , Tibisay Romero , Emelia Sithole Matarise , Mayela Armas , Mariela Nava , Pedro Vallenilla , President Nicolas Maduro , Latin America , Luis Vicente Leon ,

Tight credit, high inflation push Venezuelans to layaway purchases

Some retailers in Venezuela are turning to old-fashioned layaway purchase offers to help customers buy everything from home appliances to shoes and motorcycles, as sky-high inflation and tight credit restrictions cut off other avenues for shopping. Though the government of President Nicolas Maduro relaxed currency controls in 2019, leading to a slight recovery for the crisis-hit country, this year the highest price growth in Latin America, shrinking wages and falling consumption have again battered the economy. Layaway, where customers pay an initial deposit to reserve a product and then pay the balance in installments, has become a strategy for businesses looking to increase sales, a dozen retailers, business guild presidents and analysts said. ....

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Tight credit, high inflation push Venezuelans to layaway purchases

Tight credit, high inflation push Venezuelans to layaway purchases
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

United States , Distrito Federal , Tibisay Romero , Julia Symmes Cobb , Betsy Perez , Emelia Sithole Matarise , Mariela Nava , Ernesto Urdaneta , Mayela Armas , Nicolas Maduro , Juan Vegas , Pedro Vallenilla , Gustavo Valecillos , Thomson Reuters Trust Principles , President Nicolas Maduro , Latin America , Luis Vicente Leon , Thomson Reuters Trust ,