Dublin, Nov. 22, 2021 (GLOBE NEWSWIRE) — The “Payday Loans Market Opportunity Analysis and Industry Forecast, 2021-2030” report has been added to from ResearchAndMarkets.com offer.
Rising awareness of payday loans among young people and rapid loan approval with no usage restriction is driving the growth of the global payday loans market.
Moreover, 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 negative impact of payday loans on credit rating are expected to hamper the market growth.
On the contrary, an increase in the adoption of advanced technologies among payday lenders is expected to provide remunerative opportunities for market expansion over the forecast period.
The global payday loan market is segmented on the basis of type, marital status, customer age and region. By type, the market is split into in-store payday loans and online payday loans. According to the marital status, it is classified as married, single and others. According to the age of the customers, the market is divided into under 21, 21-30, 31-40, 41-50 and over 50. At the regional level, it is analyzed in North America, Europe, Asia-Pacific and LAMEA.
Key players profiled in the global payday loans 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:
- Storefront Payday Loans
- Online payday loans
By marital status
By client’s age
- Under 21
- more than 50
Main market players:
- CashNet USA
- credit star
- loan flow
- Silver Cloud Financial, Inc.
- Fast payment
- THL Direct
- TMG loan processing
Key benefits of the report:
- The study provides an in-depth analysis of the global payday loans market forecast along with current trends and future estimates to explain the impending pockets of investment.
- Information on major 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 market potential.
For more information on this report, visit https://www.researchandmarkets.com/r/g0govj
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