• The survey was conducted by Ferratum Group who surveyed its active customers in 18 International countries via web survey with a standardised questionnaire. Incomes are stated in local currency, and relative Summer consuming is calculated by the ratio of a family’s monthly disposable income in each country. Disposable income were adjusted by each country, individual purchasing power parity based on 2014 figures by The World Bank.
• Almost 22.000 households participated in the survey. Respondents were aged from 18 to over 61y. 54.4% of participants were women. The average available net income of participating households was between €603 – €2631. The average household size among the respondents was 2.9 persons.
• In addition to demographic factors, respondents were asked about their disposable monthly net income, how much they spend on Summer Holiday, what activities they spend their money on, and if they are gonna use Airbnb services or online banking while travelling abroad.
• The survey used each country’s respective currency. Responses were evened out to reflect the respective purchasing power of each country. All survey respondents were anonymous.
About Ferratum Group
Ferratum Group is an international provider of mobile banking and digital consumer and small business loans, distributed and managed by mobile devices. Founded in 2005 and headquartered in Helsinki, Finland, Ferratum has expanded rapidly to operate in 25 countries across Europe, Africa, South and North America and the Asia-Pacific region.
As a pioneer in digital and mobile financial services technology, Ferratum is at the forefront of the digital banking revolution. Ferratum’s mobile bank, launched in 2016, is an innovative mobile banking platform offering a range of banking services, including real time digital payments and transfers, within a single app. It is currently available in five European markets. Led by its founder, Jorma Jokela, Ferratum has approximately 1.9 million active and former customers who have an account or have been granted one or more loans in the past (as at 31 December 2017), of which over 780,000 customers have an open Mobile Bank account or an active loan balance in the last 12 months.
Ferratum Group is listed on the Prime Standard of Frankfurt Stock Exchange under symbol ‘FRU.’ For more information, visit www.ferratumgroup.com.
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