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The payday loans market is forecasted to grow by USD 9.6 billion during 2023-2028, accelerating at a CAGR of 4.89% during the forecast period. The report on the payday loans market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing awareness regarding payday loan among youth, increase in adoption of advanced technologies among payday lenders, and basic eligibility criteria are less than other financial services and institutions.
The payday loans market is segmented as below:
By Type
- Storefront payday loans
- Online payday loans
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report on the payday loans market covers the following areas:
- Payday loans market sizing
- Payday loans market forecast
- Payday loans market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global payday loans market: AARC LLC, Axis Bank Ltd., Citigroup Inc., Creditstar Group AS, CS SALES LLC, DJS UK Ltd., Enova International Inc., FloatMe Corp., GAIN Credit Inc., GC DataTech Ltd., Kotak Mahindra Bank Ltd., KrazyBee Services Pvt. Ltd., Maxed Up Media Ltd., Payday America Inc., Payday Loans Ltd., PDL Finance Ltd., Speedy Cash, Upward Finance Ltd., Western Circle Ltd., and Whizdm Innovations Pvt. Ltd..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is rising number of payday lenders."
According to the report, one of the major drivers for this market is the growing awareness regarding payday loan among youth.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aarc LLC
- Axis Bank Ltd.
- Citigroup Inc.
- Creditstar Group As
- Cs Sales LLC
- Djs UK Ltd.
- Enova International Inc.
- Floatme Corp.
- Gain Credit Inc.
- Gc Datatech Ltd.
- Kotak Mahindra Bank Ltd.
- Krazybee Services Pvt. Ltd.
- Maxed Up Media Ltd.
- Payday America Inc.
- Payday Loans Ltd.
- Pdl Finance Ltd.
- Speedy Cash
- Upward Finance Ltd.
- Western Circle Ltd.
- Whizdm Innovations Pvt. Ltd.
