AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min snip
Building a Disruptive Payments Company (with Klarna CEO Sebastian Siemiatkowski)
ACQ2 by Acquired
Exploring McKinsey's Report on Consumer Credit Segmentation
McKinsey's report on consumer credit segmentation highlights the existence of a group in the US known as self-aware avoiders, who have had negative experiences with credit cards. This group demands simplicity and transparency in fees, rates, and terms, emphasizing avoiding fees, clear payoff horizons, and installment loan options. McKinsey's report, published in 2014, identified changing consumer needs that predate the buy now pay later trend. The report suggests a shift in the credit industry to cater to diverse consumer preferences rather than solely rewarding seekers, indicating an upcoming change in the credit market landscape.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode