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The upcoming European Consumer Payment Report 2020 finds growing trend towards more sustainable consumption, especially among younger and female consumers.
Legislation can help address the late payments issue, but businesses themselves have the chance to play a leading role in finding solutions. Intrum is ready to help.
Europe has entered the second wave of the Covid-19 pandemic and the lockdowns will put many consumers and businesses in difficult financial positions. The consequences of a pandemic-related recession will intensify the problem of late payments among European companies.
As Chief Compliance Officer, Lina Rollby Claesson is developing Intrum’s compliance work.
As we mark World Savings Day on October 31, there are concerns that the pandemic is having longer term consequences for Europeans’ personal finances.
The construction sector has long been afflicted by late payments. Complex billing procedures and a lengthy payment chain mean that getting paid on time can be a challenge. The issue is becoming even more urgent given the pressure that the pandemic is putting on the sector.
Against a backdrop of economic uncertainty, the payment gap – the time between the agreed payment term and the actual duration of pay – is widening
No business could have predicted the disruption caused by the Covid-19 pandemic in 2020. It has shaken European economies and brought business operations to a halt in many sectors, leaving firms scrambling to salvage their cash flow.
CEO & President Mikael Ericson shares his reflections on the results of our newly launched European Payment Report 2020.
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