Risk of over-indebtedness
Behind this service, a credit. The bank that allows you to pay for your purchase advances money that it expects to be able to recover in a shorter period of time than a consumer credit. But all the same, the split payment remains a credit, debt. Which affects more and more sectors and on which even Apple (to buy an iPhone) has launched. According to a study by Oney Bank, quoted by Capitalone in two French people have already made a split payment.
For the SNCF, the current call for tenders should give us the name of a partner service during the month of September. We can imagine that it will be Alma, the French fintech specialized in this activity. She is the one who signed with Apple for installment payments on the iPhone in France. It works with many other brands such as Galeries Lafayette, Etam, for a total of 6,000 companies affected. The commissions recovered from each client are around 2 to 4% on each contraction of new credit.
Floa Bank, a bank specializing in consumer loans and split payment, is just as competitive in France thanks to its B2C and B2B model. It started (under the name Banque Casino) in 2013 with payment facilities on the CDiscount e-commerce site. Since then, it has also addressed its individual customers directly, offering them payment solutions spread out over 90 days.
Also Read – SNCF opens its application to Apple Pay, excellent news
Law void
The SNCF does not seek to open its service to all tickets. Group or family reservations will be affected, according to sources interviewed by Le Parisien. But it still opens the door to facilitating payment for everyone, especially in a context of inflation like today, where SNCF tickets are overpriced. Namely, moreover, that split payments enjoy a rather exceptional legal vacuum, although they do not fall into the category that regulates consumer credit.