Why is Asda's credit card provider losing millions? 💳

City AM's City Editor Simon Hunt examines the financial struggles of Jaja Finance, the company behind Asda's credit cards. Annual reports show losses spiralling by 31% to £36m against revenue of just £12m, leaving losses triple the size of earnings. With a £100m debt facility incurring 15% interest rates, what does this mean for the retailer's financial health? New episodes Tuesday to Friday at 6am ⏰ Tune in to Business As Usual, brought to you by Halkin. Link in bio. #Asda #RetailFinance #UKBusiness #CreditCards #FinancialNews #UKEconomy #BusinessNews