In the first nine months of this year, almost 5 million euros worth of goods were bought from clients on the secondary market, 46% more than in the same period last year, according to data compiled by Banknote, a circular economy retail network owned by DelfinGroup. People put electrical appliances, computers, mobile phones, jewellery, tools and household appliances on the secondary market for a financial benefit.

 

"The increase in purchases on the secondary market is a positive indicator for the economy's health and for changing consumption habits. People are increasingly taking the opportunity to sell items that are no longer used in their households but are still in working condition, generating additional income while supporting the re-selling of goods. In this year's first nine months, we bought more than 55,000 pre-owned and slightly pre-owned goods from customers. In addition, interest has grown significantly since we launched a new service in May this year – remote purchase of goods," explains Didzis Ādmīdiņš, Chairman of the Management Board of DelfinGroup.

 

Banknote currently offers the purchase of goods in more than 90 branches across Latvia, as well as remotely via www.pardod.banknote.lv, making it easier to sell pre-owned and slightly pre-owned goods and reducing the time spent on such. All goods sold are re-sold in the Banknote branch network and online shop after inspection and refurbishment.

 

“The development of the secondary market is a key factor in building a sustainable and economically active society. It promotes smart consumption by reducing the need to produce new goods and thus reducing the resources needed to do so. The secondary circulation of goods allows the life cycle of goods to be extended and their use potential to be maximised. It is an opportunity for people to earn money while also contributing to the national budget in the form of taxes,” comments D. Ādmīdiņš.

 

D. Ādmīdiņš adds that this option of purchasing belongings and jewellery, which works effectively in other parts of the world, is an excellent example of how the circular economy model works in practice, which the Banknote network will continue to expand.

 

About DelfinGroup

 

DelfinGroup is a licenced fintech company established in 2009 and operates under the brand names Banknote and VIZIA. The company has been profitable every year since 2010. DelfinGroup continuously develops and offers consumer and pawn loans, loans developed for senior citizens, Buy now pay later loans (BNPL loans), and the sale of pre-owned goods online and at more than 90 branches across Latvia. Since 2014, DelfinGroup has been known on the Nasdaq Riga Stock Exchange as a bond issuer and, since 2021, as a listed company on the Baltic Main List. The company regularly pays dividends to its shareholders. The sustainability of DelfinGroup is based on focused corporate governance, fintech innovation, responsible lending, financial inclusion, and facilitating the circular economy.

 

For further information, please contact:
Linda Eltermane,
DelfinGroup Head of PR
Phone: +371 28700457
E-mail: [email protected]