Dublin, November 22, 2021 (GLOBE NEWSWIRE) – The “Payday Loan Market Opportunity Analysis and Industry Forecast, 2021-2030” the report was added to ResearchAndMarkets.com offer.
Growing youth awareness of payday loans and rapid approval of unrestricted loans is driving the growth of the global payday loan market.
In addition, the presence of a large number of payday lenders has a positive impact on the growth of the market. However, factors such as high interest rates and the negative impact of payday loans on credit rating are expected to hamper the growth of the market.
On the contrary, an increase in adoption of advanced technologies among payday lenders is expected to provide rewarding opportunities for market expansion during the forecast period.
The global payday loans market is segmented on the basis of type, marital status, age of client, and region. By type, the market is divided into in-store payday loans and online payday loans. According to marital status, it is classified as married, single and others. Based on the age of customers, the market is divided into under 21, 21-30, 31-40, 41-50, and over 50. By region, it is analyzed North America, Europe, Asia Pacific and in the LAMEA.
The major players presented in the Global Payday Loan Market Analysis are Cashfloat, CashNetUSA, Creditstar, Lending Stream, Myjar, Silver Cloud Financial, Inc., Speedy Cash, THL Direct, Titlemax, and TMG Loan Processing. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key market segments:
By marital status
By customer’s age
- Under 21
- More than 50
Key market players:
- Cash float
- CashNet United States
- Credit star
- Loan flow
- Silver Cloud Financial, Inc.
- Fast cash
- THL Direct
- TMG loan processing
Main advantages of the report:
- The study provides an in-depth analysis of the global payday loan market forecast along with current trends and future estimates to explain the impending pockets of investment.
- Information on key drivers, restraints, and opportunities and their impact analysis on the global market is provided in the report.
- Porter’s Five Forces Analysis illustrates the power of buyers and suppliers operating in the industry.
- Quantitative market analysis from 2021 to 2030 is provided to determine the potential of the market.
For more information on this report, visit https://www.researchandmarkets.com/r/g0govj
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