REPAY recently participated in an interview with Smarter Loans to discuss the latest digital transformation trends in the lending industry.

Merchant processing makes collecting on-time payments from borrowers easier and faster for consumer lenders. Consumer installment loans, typically provided by both the traditional storefront lenders and the newer online lending fintech companies, are attractive to borrowers for many reasons. 

Thanks to the fintech industry, more firms are making more consumer loans at lower interest rates than ever before.