Recharge’s Post

Germany Cost of Living Crisis Drives 62% Increase in Prepaid Card Use, With 1 in 4 Users Using Them to Avoid Debt Günther Vogelpoel, CEO of Recharge, said: “The cost of living crisis has changed spending habits, driving Germans to seek alternative ways to ensure they are in control of their spending. Prepaid payment products are just one of the ways they are doing this. Our research highlights the importance of financial security and control. Recharge is all about putting the consumer in charge and providing them with the options to spend their way whilst continuing to meet their evolving needs.” https://lnkd.in/e7T_Zv35 #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

UK Cost of Living Crisis Drives 118% Increase in Prepaid Card Use, With 1 in 4 Users Using Them to Avoid Debt Günther Vogelpoel, CEO of Recharge, said: “The cost of living crisis has changed spending habits, driving Brits to seek alternative ways to ensure they are in control of their spending. Prepaid payment products are just one of the ways they are doing this. Our research highlights the importance of financial security and control. Recharge is all about putting the consumer in charge and providing them with the options to spend their way whilst continuing to meet their evolving needs.” https://lnkd.in/ewTcuzzK #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

Since the start of the cost of living crisis the use of pre pay meters is up by 118%… that means 1 in 5 people now have this meter in place. While it can help you budget as you can only use the amount you have paid for in advance, it does mean you can be left without gas and electric. This is where I can help you 🎉 Your bills with utility warehouse can be fixed! This means every month your bill will be the same by putting you on our budget plan. This is 12 even payments to account for your annual usage. What’s better is our cashback card (which is pre paid and can’t get into debt) will reduce your bill further EACH AND EVERY MONTH 🙌🏻 You’ve nothing to lose by having an appointment and hundreds- potentially thousands- to gain 🤑 Same services. Better value. #beatingcostofliving #utilitywarehouse #savingmoney #helpingfamilies #savemoney #cashbackcard #OneBill #BeatingTheCostOfLiving #savings #simplicity https://lnkd.in/e7B2Ww27?

Germany Cost of Living Crisis Drives 62% Increase in Prepaid Card Use, with 1 in 4 Users Using Them to Avoid Debt Read more: https://lnkd.in/dbVVmPFd #Fintech #Finance #FinancialIT #PrepaidCards #CostOfLivingCrisis Recharge

UK Cost of Living Crisis Drives 118% Increase in Prepaid Card Use, With 1 in 4 Users Using Them To Avoid Debt. Read more: https://lnkd.in/dUaFJFTi #personalfinance #fintech #finance #FinancialIT

Facing rising costs? As the cost of living continues to climb, more and more Brits are turning to prepaid cards to manage their budgets smartly. Why? It’s about staying in control without falling into debt. Our research shows a massive 118% increase in prepaid card usage in the UK since the cost of living crisis - because when times are tough, the right tools make all the difference. 👉 Swipe through to discover what's behind this trend. Find out more about our research and how Recharge is helping people in over 200 markets stay in charge of their finance: https://lnkd.in/eKTK6BtU #SmartSpending #PrepaidCards #CostOfLiving

One in four in Germany use prepaid cards to avoid debt. Germans are increasingly turning to prepaid cards and adjusting their spending habits to manage the ongoing cost of living crisis and to avoid debt, according to a new survey conducted by research firm Opinium, commissioned by leading online prepaid payment firm Recharge. The survey of 2,000 German adults (18+) reveals that 26% (1 in 4) of Germans (18.4 million) use prepaid cards, a 62% increase since the cost of living crisis began. 32% of users (5.9 million) said they use prepaid cards to stay in control of their finances, while 27% (4.9 million) use them to avoid going into debt. Almost half (45%) of 18-34 year olds use prepaid cards. Additionally, the survey revealed that men are 11% more likely to use prepaid cards compared to women (28% compared to 25% respectively). Source: https://lnkd.in/ep8NUMZA #banking #bankingindustry #bankingtech #fintech #financialtechnology #financialservices #debitcard

According to a survey conducted by the National Retail Federation, the average American plans to spend over $1,000 on holiday-related expenses. This surge in spending can often lead to debt, impacting the joyous spirit of the season. In this article, we will explore proactive strategies to sidestep the pitfalls of holiday-induced debt, allowing you to navigate the festive period with financial peace of mind. #tech #finance #tech #technology #financialtechnology #information #fintechs

As we enter a new year, now is the time to assess your finances so you can ensure you have the best plan for the year ahead. This is particularly important for those who are worried about navigating bills and the cost of living in 2024. Canstar’s Consumer Pulse Report 2023 found that close to half (48%) of Australians said they expected they would be unable to pay at least one of their regular bills or loan repayments in 2024, and just over half (51%) of Aussies with debt said they felt it was a worry for them and/or their family. Now is the time to act. Get in touch with our team today for expert financial advice you can trust. #cashflowfinancing #refinancing #financebroker

UK Finance Highlights Importance of Cash Amid Cost of Living Crisis UK Finance reports that more people are returning to using cash to manage their finances during the cost of living crisis. The "cash stuffing" trend, popular on social media, involves dividing cash into labelled envelopes for categories like groceries and bills, helping households track spending and saving. 📩 💷 The recent global IT outage highlighted the risks of a cashless society, reinforcing the necessity of cash for millions. The Financial Conduct Authority has been granted new powers to ensure consumers and small businesses maintain access to cash services, requiring banks to address any significant local gaps starting September 18. #Finance #CashManagement #CostOfLivingCrisis #CashStuffing #UKFinance #FinancialInclusion #Banking https://lnkd.in/ebgT7BCN