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Cash Advance Services Market to Reach $138.5 billion, Globally, by 2032 at 6.6% CAGR: Allied Market Research

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Rise in awareness about short-term loans among the youth population and increase in digital payment infrastructure, especially in developing economies, drive the growth of the market. In addition, the rapid rise in government efforts to promote financial inclusion has fueled the growth of the cash advance services market.

WILMINGTON, Del., Nov. 30, 2023 /PRNewswire/ — Allied Market Research published a report, titled,Cash Advance Services Market by Type (Credit Card Cash Advance, Merchant Cash Advance, Payday Loans, and Others), Deployment (Online and Offline), Service Provider (Banks, Credit Card Companies, and Others), and End User (Personal and Commercial): Global Opportunity Analysis and Industry Forecast, 2023-2032″. According to the report, the global cash advance services industry generated $73.7 billion in 2022 and is anticipated to generate $138.5 billion by 2032, witnessing a CAGR of 6.6% from 2023 to 2032.

(We are providing report as per your research requirement, including the Latest Industry Insight’s Evolution, Potential and COVID-19 Impact Analysis)

147 – Tables
57  – Charts
276 – Pages

Download Research Report Sample & TOC:
https://www.alliedmarketresearch.com/request-sample/10764 

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Prime determinants of growth

The rise in awareness about short-term loans among the youth population and the increase in digital payment infrastructure, especially in developing economies, drive the growth of the market. However, factors such as the high-interest rate charged by cash advance lenders, along with the negative impact of payday loans on credit scores are expected to limit the growth of this market. Conversely, an increase in the adoption of advanced technologies in the lending landscape is anticipated to provide numerous opportunities for the expansion of the market during the forecast period.

Report coverage & details:

Report Coverage

Details

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Forecast Period

2023–2032

Base Year

2022

Market Size in 2022

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$73.7 billion

Market Size in 2032

$138.5 billion

CAGR

6.6 %

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No. of Pages in Report

276

Segments covered

Type, Deployment, Service Provider, End User, and Region.

Drivers

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Rise in awareness about short-term loans among the youth population

Increase in digital payment infrastructure, especially in developing economies

Rapid rise in government efforts to promote financial inclusion

Opportunity

Increase in the adoption of advanced technologies in the lending landscape

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Restraints

High interest rate charged by cash advance lenders

Negative impact of payday loans on credit scores

 

The payday loans segment to maintain its leadership status throughout the forecast period

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Based on type, the payday loans segment held the highest market share in 2022, accounting for two-fifths of the global cash advance services market revenue, owing to rise in the need for quick access to funds during financial emergencies, along with the increasing awareness about payday loans among the younger generation. However, the others (including tax refund advances and personal installment loans) segment is projected to manifest the highest CAGR of 9.8% from 2023 to 2032, owing to the increasing demand from consumers for quick access to funds to meet immediate financial needs, such as unexpected expenses or temporary cash flow shortages.

The online segment to maintain its lead position during the forecast period

Based on deployment, the online segment accounted for the largest share in 2022, contributing to more than half of the global cash advance services market revenue, owing to the growing adoption of digital technologies and the increasing focus on online financial services, which eventually drives the need for online cash advance service segment. However, the online segment is also expected to portray the largest CAGR of 7.4% from 2023 to 2032 and is projected to maintain its lead position during the forecast period.

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The banks segment to maintain its leadership status throughout the forecast period

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Based on service provider, the banks segment held the highest market share in 2022, accounting for around half of the global cash advance services market revenue, owing to the changes in economic factors and shift in consumer behavior and demand influencing the growth of the cash advance services market. However, the credit card companies’ segment is projected to manifest the highest CAGR of 8.5% from 2023 to 2032, owing to the growth in awareness of credit card cash advances as an option for obtaining short-term loans and increase in expansion of the reach of financial technology companies.

The personal segment to maintain its lead position during the forecast period

Based on end user, the personal segment accounted for the largest share in 2022, contributing to around two-thirds of the global cash advance services market revenue, owing to the rise in demand for short-term funds and several benefits & schemes provided under cash advance services to individual consumers, which eventually drives the demand for cash advance services in personal segment. However, the commercial segment is expected to portray the largest CAGR of 7.6% from 2023 to 2032 and is projected to maintain its lead position during the forecast period.

North America to maintain its dominance by 2032

Based on region, North America held the highest market share in terms of revenue in 2022, accounting for nearly two-fifths of the global cash advance services market revenue, owing to the growing consumer demand for short-term loans, along with the rising number of unbanked and underbanked consumers to ensure financial needs in the region. However, the Asia-Pacific region is expected to witness the fastest CAGR of 8.3% from 2023 to 2032 and is projected to dominate the market during the forecast period, owing to the growing focus on the expansion of fintech companies and increased customer-centric cash advance services solutions tailored to the diverse needs of the Asia-Pacific consumer market.

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Leading Market Players: –

  • American Express Company
  • CAN Capital Inc.
  • Creditstar Group
  • Finova Capital, LLC
  • National Business Capital
  • Paypal
  • Social Finance Inc.
  • Square Inc.
  • THL Direct
  • TitleMax, Inc.

The report provides a detailed analysis of the key players in the global cash advance services market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

KEY BENEFITS FOR STAKEHOLDERS:

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cash advance services market analysis from 2022 to 2032 to identify the prevailing cash advance services market opportunity.
  • Market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the cash advance services market forecasts assists in determining the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global cash advance services market outlook.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes an analysis of the regional as well as global cash advance services market share, key players, market segments, application areas, and market growth strategies.

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Cash Advance Services Market Report Highlights

Aspects Details Market

By Type

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  • Credit Card Cash Advance
  • Merchant Cash Advance
  • Payday Loans
  • Others

By Deployment

  • Online
  • Offline

By Service Provider

  • Bank
  • Credit Card Company
  • Others

By End User

  • Personal
  • Commercial

By Region

  • North America (U.S., Canada)
  • Europe (UK, Germany, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA (Latin America, Middle East, Africa)

Key Market Players: THL Direct, Social Finance, Inc., American Express Company, Square Inc., PayPal, Creditstar Group, National Business Capital, CAN Capital, Inc., TitleMax, Inc., Finova Capital, LLC

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Payday Loans Market By Type (Storefront Payday Loans and Online Payday Loans), Marital Status (Married, Single and Others), and Customer Age (Less than 21, 21-30, 31-40, 41-50 and More than 50): Global Opportunity Analysis and Industry Forecast, 2021-2030

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Invitation to presentation of EQT AB’s Q1 Announcement 2024

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STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.

The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.

To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.

The webcast can be followed live here and a recording will be available afterwards.

Information on EQT AB’s financial reporting

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The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.

The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.

Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]

Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334

This information was brought to you by Cision http://news.cision.com

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https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q1-announcement-2024,c3956826

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https://mb.cision.com/Main/87/3956826/2712771.pdf

Invitation to presentation of EQT AB’s Q1 Announcement 2024

https://news.cision.com/eqt/i/eqt-ab-group,c3285895

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EQT AB Group

 

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Kia presents roadmap to lead global electrification era through EVs, HEVs and PBVs

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  • Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
  • Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
  • Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
    • Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
    • PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
  • Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
  • 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
  • CEO reaffirms Kia’s commitment to ESG management

SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.

Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.

During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.

The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.

“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”

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BioVaxys Technology Corp. Provides Bi-Weekly MCTO Status Update

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VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.

As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.

The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.

Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.

About BioVaxys Technology Corp.

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BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.

ON BEHALF OF THE BOARD

Signed “James Passin
James Passin, Chief Executive Officer
Phone: +1 646 452 7054

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