Keywords : Loan, Term loan, lending market, Lender, Credit
The Drinks Industry Watch contains the latest news, analysis, and opinion, covering all the month's major issues including new products and innovations, mergers and take over s, and industry ing and regulatory issues. It covers the period from February 15 to March 14, 2012.Enhance your understanding of trends in the drinks market by accessing the latest news and ...
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- Publication date: April 2012
- Report size: 19 pages
- Report price: $ 1 295
The Drinks Industry Watch contains the latest news, analysis, and opinion, covering all the month's major issues including new products and innovations, mergers and take over s, and industry ing and regulatory issues. It covers the period from February 15 to March 14, 2012.Enhance your understanding of trends in the drinks market by accessing the latest news and insight.Drive product ideation by studying the latest drinks market innovations from around the world.Track competitor activity via the latest news on mergers, take over s, partnerships, and industry player expansions.In this month's review of beverage launches, the innovation potential of bottled water is being explored by drinks manufacturers. A striking "divided" bottle with separate compartments for water and flavoring has been launched in Russia, while concentrate powders have been reimagined as an on-the-go item.What have the key developments and trends been in the drinks market in February and March 2012?What are the major new product and packaging developments in this segment that I need to be aware of?
Credit And Loan Industry in Russian Federation
OVERVIEW
•Catalyst
•Summary
ANALYSIS
•Wonga facilitates emergency borrowing with a transparent and open approach to lending
- Key issues covered in this case study include:
•Wonga empowers consumers by enabling them to tailor the amount and duration of a loan
- Wonga's short-term loans serve a industry sector excluded from traditional borrowing sources
- Wonga aims to differentiate itself from other payday lenders with its commitment to lending responsibly
- Wonga is involved in an initiative to provide interest-free loans to people in developing countries
- By setting out the total repayable amount at the start of all applications, Wonga demonstrates a transparent approach to lending
- The speed of Wonga's cash transfers make it a very convenient lender
- The total value of the UK payday lending industry has increased significantly in recent years
- Wonga has criticized the finance market as a whole and has committed to the principles it says enable it to bring a fresh approach to the industry
- Wonga offers further convenience via its pay my bills facility
- The innovative approach adopted by Wonga and its staff has been formally recognized
- Wonga may increase the "trust rating" of responsible customers and lend them larger amounts of cash
- Wonga runs extensive advertising campaigns to build and sustain its brand
- Wonga also has a significant online presence, making use of both YouTube and Facebook
•Wonga's loans draw heavily on the Convenience and Individualism Megatrends
- An automated lending process increases convenience
- Wonga is empowering its customers by putting them in control of their financial arrangements
- Consumers are coming to expect transparency from all of the industry players that they deal with
- Removing complexity and focusing on simplicity engenders trust from consumers
•Financial services providers should recognize the demand among customers for transparency and simplicity
- The simplicity of Wonga's service is easy to overlook but has played a crucial role in its success
- Consumers may be willing to pay a premium for convenience and good service
- Building a brand is essential to the success of new entrants across all financial services markets
- Wonga has differentiated itself from other providers by being vocal on its commitment to lend responsibly
- Ultimately, Wonga has achieved success by targeting its service at a particular industry sector
APPENDIX
•Definitions
- The Datamonitor Financial Services Consumer Insight Megatrend Framework
- Authenticity
- Comfort
- Connectivity
- Convenience
- Individualism
- Wellbeing
- Demographic Complexity
- Financial Intelligence Complexity
- Lifestage Complexity
- Wealth Complexity
•Methodology
•Secondary sources
•Further reading
•Ask the analyst
•Disclaimer
FIGURES
•Figure: Wonga enables customers to set the exact terms of their loans
•Figure: The pay my bills service offers further convenience to time-pressed consumers
•Figure: As part of its commitment to responsible lending Wonga carries out credit checks, something not all of the industry players operating in this industry have in place
•Figure: Blackpool is one of the football teams Wonga has a shirt sponsorship deal in place with for the 2011–12 season
•Figure: Wonga's Easter Egg Hunt was recently launched on Facebook
•Figure: Wonga draws upon its empowerment of consumers in its advertisements
Companies mentioned
CMS Energy Corporation, Schindler Holding Ltd.
Loan in Russian Federation
- $ 250
- Industry data
- February 2013
Yearly, From 2001 To 2016
By Business Monitor International
Source: CBR / BMI
- Industries : Banking
- Countries : Russian Federation
- $ 250
- Industry data
- February 2013
Yearly, From 2001 To 2016
By Business Monitor International
Source: CBR / BMI
- Industries : Banking
- Countries : Russian Federation
- $ 250
- Industry data
- February 2013
Yearly, From 2001 To 2016
By Business Monitor International
Source: CBR / BMI
- Industries : Banking
- Countries : Russian Federation
- $ 250
- Industry data
- January 2013
Yearly, From 1995 To 2017
By Business Monitor International
Source: CBR / BMI
- Industries : Banking
- Countries : Russian Federation
- $ 250
- Industry data
- January 2013
Yearly, From 1995 To 2017
By Business Monitor International
Source: CBR / BMI
- Industries : Banking
- Countries : Russian Federation
Credit and Loan in Russian Federation
- $ 250
- Industry data
- February 2013
Yearly, From 2001 To 2016
By Business Monitor International
Source: IMF
- Industries : Credit and Loan
- Countries : Russian Federation
- $ 250
- Industry data
- February 2013
Yearly, From 2001 To 2016
By Business Monitor International
Source: IMF/BMI
- Industries : Credit and Loan
- Countries : Russian Federation
- $ 250
- Industry data
- January 2013
Yearly, From 1995 To 2017
By Business Monitor International
Source: CBR / BMI
- Industries : Credit and Loan
- Countries : Russian Federation
- $ 250
- Industry data
- January 2013
Yearly, From 1995 To 2017
By Business Monitor International
Source: CBR / BMI
- Industries : Credit and Loan
- Countries : Russian Federation
- Publication date: April 2012
- Report size: 19 pages
- Report price: $ 1 295
