Social Lending & Paypal To Boom

Social Lending & Paypal To Boom
Piers Fawkes, PSFK
  • 22 february 2008

Gartner has a report suggesting that financial institutions need to react to non-bank competitors like Paypal and Zopa or risk losing control of the financial relationship. They say that 10% of lending will be through social-lending platforms by 2010 and Paypal and similar services will take 10% of banks’ revenues:

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