Choice Through Innovation
U.S. Receivables Purchase Program (RPP): A New Financing
Solution for a High-Growth, Underserved Market
Strong growth in U.S. Point-of-Sale financing
activity driven by technology & increasing consumer
preference for non-credit card/non-bank financing options
75%
$1.8T
20%
Of consumers more likely to make purchase
if seamless POS financing available (1)
Estimated POS market in the near term,
Forecast annual growth in U.S. point-of-
sale financing market (2)
Same attractive, reliable
alternative solution that has been
highly successful in Canada
Launched in U.S. April 22 (limited
basis roll out)
Strong initial demand, especially
as conventional sources of
financing have waned
Full roll out to commence upon
closing of U.S. bank acquisition
Will be serviced via existing
technology infrastructure
12
VersaBank
Choice Through Innovation
(1) The Financial Brand - "Growth of POS financing is Both a Threat and
Opportunity in Retail Banking" (07.29.19); (2) Skeps - "POS Financing
Competition is Growing" (10.08.20);View entire presentation