F&I data: Auto borrowers like idea of loan payments on Venmo, PayPal

“πŸš— Auto borrowers show interest in paying car loan installments via Venmo and PayPal, finds a PayNearMe survey! #FIData #AutoFinance”

Majorities or near-majorities of consumers with car loans value alternative payment options such as Venmo and PayPal, calling them ‘important’ or ‘very important’ to have available, according to a March PayNearMe survey.

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https://www.autonews.com/finance-insurance/paynearme-auto-borrowers-venmo-paypal-loan-payments