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The growing use among consumers in the UK of smartphones and tablet computers is helping to fuel the demand for the products of Europe’s biggest online payday loan lender. Unlike traditional lenders, Ferratum UK handles all of its applications via the web or mobile, providing customers with loans of up to £300 within minutes. More than two million people in the UK are already believed to have applied for a payday loan and the industry is forecasting that this figure will have risen to more than 3.5million people by the middle of this year.
The majority of people applying for loans with Ferratum UK are aged 18-35 with approximately 60 per cent female. Ian Porter, Ferratum UK’s Sales and Marketing Manager, said: “We are providing our customers with a lending service suited perfectly to their busy lifestyles. “The 18-35 generation are extremely tech-savvy. Virtually all of them have access to the internet and the vast majority will own a smartphone, tablet PC or both.....Read more here--: Smartphones and tablet PCs drive demand for Ferratum payday loans
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