For private credit, what might look like a market niche will continue to bleed into the wider world of banking. Via what is termed asset-based finance, private-credit managers are increasingly in the mainstream of the kinds of lending that banks or the securitization markets have long dominated.
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Short-term loans get just what they need: a long-term commitment
Then the question is how much are people spending in general, or how much of the market goes to other payment types, such as a digital wallet or credit card that gives them some kind of reward for spending with them. And are merchants still willing to pay up to convert more shoppers into buyers with financing offers?
