Product Code: A10399
The Cash Advance Services Market is likely to experience a significant growth rate of 6.6% from 2023-2032, owing to the rise in the needs of short-term financing needs among individual and businesses - Allied Market Research
Rising awareness about short-term loans among the youth population and the increasing growth of digital payment infrastructure, especially in developing economies, are some of the important factors that boost the global cash advance services market across the globe. In addition, the rapid rise in government efforts to promote financial inclusion positively impacts the growth of the market. This is attributed to the fact that the provision of cash advance services present a considerable growth prospects to foster a more resilient and inclusive financial ecosystem, empowering underserved populations to access the financial resources they require to enhance their livelihoods and achieve their financial goals. For instance, in the U.S., the Consumer Financial Protection Bureau (CFPB) has issued regulations that cap the interest rates and fees that cash advance providers can charge. These strategic initiatives will fuel the growth outlook of cash advance services 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 hamper the market growth. On the contrary, an increase in the adoption of advanced technologies in the lending landscape is expected to provide a lucrative opportunity to boost the growth of the market around the world.
The cash advance services market is segmented on the basis of type, deployment, service providers, end users, and region. By type, the market is bifurcated into credit card cash advances, merchant cash advances, payday loans, and others. By deployment, the market is divided into online and offline. By service providers, the market is segregated into banks, credit card companies, and others. By end user, the market is divided into personal and commercial. Region-wise, it is analyzed across North America (the U.S., and Canada), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The global cash advance services market is dominated by key players such as American Express Company, CAN Capital Inc., Creditstar Group, Finova Capital, LLC, National Business Capital, Paypal, Social Finance Inc., Square Inc., and THL Direct, and TitleMax, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry. For instance, in June 2023, Square Inc. proclaimed the beta launch of new banking and spend management solutions for its U.S. sellers, including new credit tools and features that facilitate businesses to simplify their cash flow management and secure their finances. Such strategic developments are likely to fuel the growth of cash advance services market.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the global cash advance services market forecast along with the current & future trends to explain the imminent investment pockets.
- information about key drivers, restraints, & opportunities and their impact analysis on global cash advance services market trends is provided in the report.
- Porter's five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
- The quantitative analysis of the market from 2022 to 2032 is provided to determine the market potential.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- Technology Trend Analysis
- Regulatory Guidelines
- Strategic Recommedations
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Expanded list for Company Profiles
- Historic market data
- Reimbursement Scenario
- SWOT Analysis
Key Market Segments
By Type
- Credit Card Cash Advance
- Merchant Cash Advance
- Payday Loans
- Others
By Deployment
By Service Provider
- Bank
- Credit Card Company
- Others
By End User
By Region
- North America
- 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:
- PayPal
- TitleMax, Inc.
- THL Direct
- CAN Capital, Inc.
- Social Finance, Inc.
- Square Inc.
- American Express Company
- National Business Capital
- Creditstar Group
- Finova Capital, LLC
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Raising awareness about short-term loans among the youth population
- 3.4.1.2. Increasing growth of digital payment infrastructure
- 3.4.1.3. Rapid rise in government efforts to promote financial inclusion
- 3.4.2. Restraints
- 3.4.2.1. High interest rate charged by cash advance lenders
- 3.4.2.2. Negative impact of payday loans on credit score
- 3.4.3. Opportunities
- 3.4.3.1. Increase in the adoption of advanced technologies in the lending landscape
CHAPTER 4: CASH ADVANCE SERVICES MARKET, BY TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Credit Card Cash Advance
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Merchant Cash Advance
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Payday Loans
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- 4.5. Others
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
CHAPTER 5: CASH ADVANCE SERVICES MARKET, BY DEPLOYMENT
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Online
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Offline
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
CHAPTER 6: CASH ADVANCE SERVICES MARKET, BY SERVICE PROVIDER
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Bank
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Credit Card Company
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Others
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
CHAPTER 7: CASH ADVANCE SERVICES MARKET, BY END USER
- 7.1. Overview
- 7.1.1. Market size and forecast
- 7.2. Personal
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
- 7.3. Commercial
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country
CHAPTER 8: CASH ADVANCE SERVICES MARKET, BY REGION
- 8.1. Overview
- 8.1.1. Market size and forecast By Region
- 8.2. North America
- 8.2.1. Key market trends, growth factors and opportunities
- 8.2.2. Market size and forecast, by Type
- 8.2.3. Market size and forecast, by Deployment
- 8.2.4. Market size and forecast, by Service Provider
- 8.2.5. Market size and forecast, by End User
- 8.2.6. Market size and forecast, by country
- 8.2.6.1. U.S.
- 8.2.6.1.1. Market size and forecast, by Type
- 8.2.6.1.2. Market size and forecast, by Deployment
- 8.2.6.1.3. Market size and forecast, by Service Provider
- 8.2.6.1.4. Market size and forecast, by End User
- 8.2.6.2. Canada
- 8.2.6.2.1. Market size and forecast, by Type
- 8.2.6.2.2. Market size and forecast, by Deployment
- 8.2.6.2.3. Market size and forecast, by Service Provider
- 8.2.6.2.4. Market size and forecast, by End User
- 8.3. Europe
- 8.3.1. Key market trends, growth factors and opportunities
- 8.3.2. Market size and forecast, by Type
- 8.3.3. Market size and forecast, by Deployment
- 8.3.4. Market size and forecast, by Service Provider
- 8.3.5. Market size and forecast, by End User
- 8.3.6. Market size and forecast, by country
- 8.3.6.1. UK
- 8.3.6.1.1. Market size and forecast, by Type
- 8.3.6.1.2. Market size and forecast, by Deployment
- 8.3.6.1.3. Market size and forecast, by Service Provider
- 8.3.6.1.4. Market size and forecast, by End User
- 8.3.6.2. Germany
- 8.3.6.2.1. Market size and forecast, by Type
- 8.3.6.2.2. Market size and forecast, by Deployment
- 8.3.6.2.3. Market size and forecast, by Service Provider
- 8.3.6.2.4. Market size and forecast, by End User
- 8.3.6.3. France
- 8.3.6.3.1. Market size and forecast, by Type
- 8.3.6.3.2. Market size and forecast, by Deployment
- 8.3.6.3.3. Market size and forecast, by Service Provider
- 8.3.6.3.4. Market size and forecast, by End User
- 8.3.6.4. Italy
- 8.3.6.4.1. Market size and forecast, by Type
- 8.3.6.4.2. Market size and forecast, by Deployment
- 8.3.6.4.3. Market size and forecast, by Service Provider
- 8.3.6.4.4. Market size and forecast, by End User
- 8.3.6.5. Spain
- 8.3.6.5.1. Market size and forecast, by Type
- 8.3.6.5.2. Market size and forecast, by Deployment
- 8.3.6.5.3. Market size and forecast, by Service Provider
- 8.3.6.5.4. Market size and forecast, by End User
- 8.3.6.6. Rest of Europe
- 8.3.6.6.1. Market size and forecast, by Type
- 8.3.6.6.2. Market size and forecast, by Deployment
- 8.3.6.6.3. Market size and forecast, by Service Provider
- 8.3.6.6.4. Market size and forecast, by End User
- 8.4. Asia-Pacific
- 8.4.1. Key market trends, growth factors and opportunities
- 8.4.2. Market size and forecast, by Type
- 8.4.3. Market size and forecast, by Deployment
- 8.4.4. Market size and forecast, by Service Provider
- 8.4.5. Market size and forecast, by End User
- 8.4.6. Market size and forecast, by country
- 8.4.6.1. China
- 8.4.6.1.1. Market size and forecast, by Type
- 8.4.6.1.2. Market size and forecast, by Deployment
- 8.4.6.1.3. Market size and forecast, by Service Provider
- 8.4.6.1.4. Market size and forecast, by End User
- 8.4.6.2. India
- 8.4.6.2.1. Market size and forecast, by Type
- 8.4.6.2.2. Market size and forecast, by Deployment
- 8.4.6.2.3. Market size and forecast, by Service Provider
- 8.4.6.2.4. Market size and forecast, by End User
- 8.4.6.3. Japan
- 8.4.6.3.1. Market size and forecast, by Type
- 8.4.6.3.2. Market size and forecast, by Deployment
- 8.4.6.3.3. Market size and forecast, by Service Provider
- 8.4.6.3.4. Market size and forecast, by End User
- 8.4.6.4. South Korea
- 8.4.6.4.1. Market size and forecast, by Type
- 8.4.6.4.2. Market size and forecast, by Deployment
- 8.4.6.4.3. Market size and forecast, by Service Provider
- 8.4.6.4.4. Market size and forecast, by End User
- 8.4.6.5. Australia
- 8.4.6.5.1. Market size and forecast, by Type
- 8.4.6.5.2. Market size and forecast, by Deployment
- 8.4.6.5.3. Market size and forecast, by Service Provider
- 8.4.6.5.4. Market size and forecast, by End User
- 8.4.6.6. Rest of Asia-Pacific
- 8.4.6.6.1. Market size and forecast, by Type
- 8.4.6.6.2. Market size and forecast, by Deployment
- 8.4.6.6.3. Market size and forecast, by Service Provider
- 8.4.6.6.4. Market size and forecast, by End User
- 8.5. LAMEA
- 8.5.1. Key market trends, growth factors and opportunities
- 8.5.2. Market size and forecast, by Type
- 8.5.3. Market size and forecast, by Deployment
- 8.5.4. Market size and forecast, by Service Provider
- 8.5.5. Market size and forecast, by End User
- 8.5.6. Market size and forecast, by country
- 8.5.6.1. Latin America
- 8.5.6.1.1. Market size and forecast, by Type
- 8.5.6.1.2. Market size and forecast, by Deployment
- 8.5.6.1.3. Market size and forecast, by Service Provider
- 8.5.6.1.4. Market size and forecast, by End User
- 8.5.6.2. Middle East
- 8.5.6.2.1. Market size and forecast, by Type
- 8.5.6.2.2. Market size and forecast, by Deployment
- 8.5.6.2.3. Market size and forecast, by Service Provider
- 8.5.6.2.4. Market size and forecast, by End User
- 8.5.6.3. Africa
- 8.5.6.3.1. Market size and forecast, by Type
- 8.5.6.3.2. Market size and forecast, by Deployment
- 8.5.6.3.3. Market size and forecast, by Service Provider
- 8.5.6.3.4. Market size and forecast, by End User
CHAPTER 9: COMPETITIVE LANDSCAPE
- 9.1. Introduction
- 9.2. Top winning strategies
- 9.3. Product mapping of top 10 player
- 9.4. Competitive dashboard
- 9.5. Competitive heatmap
- 9.6. Top player positioning, 2022
CHAPTER 10: COMPANY PROFILES
- 10.1. Finova Capital, LLC
- 10.1.1. Company overview
- 10.1.2. Key executives
- 10.1.3. Company snapshot
- 10.1.4. Operating business segments
- 10.1.5. Product portfolio
- 10.2. American Express Company
- 10.2.1. Company overview
- 10.2.2. Key executives
- 10.2.3. Company snapshot
- 10.2.4. Operating business segments
- 10.2.5. Product portfolio
- 10.2.6. Business performance
- 10.3. Square Inc.
- 10.3.1. Company overview
- 10.3.2. Key executives
- 10.3.3. Company snapshot
- 10.3.4. Operating business segments
- 10.3.5. Product portfolio
- 10.3.6. Business performance
- 10.4. National Business Capital
- 10.4.1. Company overview
- 10.4.2. Key executives
- 10.4.3. Company snapshot
- 10.4.4. Operating business segments
- 10.4.5. Product portfolio
- 10.5. PayPal
- 10.5.1. Company overview
- 10.5.2. Key executives
- 10.5.3. Company snapshot
- 10.5.4. Operating business segments
- 10.5.5. Product portfolio
- 10.5.6. Business performance
- 10.5.7. Key strategic moves and developments
- 10.6. TitleMax, Inc.
- 10.6.1. Company overview
- 10.6.2. Key executives
- 10.6.3. Company snapshot
- 10.6.4. Operating business segments
- 10.6.5. Product portfolio
- 10.7. THL Direct
- 10.7.1. Company overview
- 10.7.2. Key executives
- 10.7.3. Company snapshot
- 10.7.4. Operating business segments
- 10.7.5. Product portfolio
- 10.8. Social Finance, Inc.
- 10.8.1. Company overview
- 10.8.2. Key executives
- 10.8.3. Company snapshot
- 10.8.4. Operating business segments
- 10.8.5. Product portfolio
- 10.8.6. Business performance
- 10.8.7. Key strategic moves and developments
- 10.9. Creditstar Group
- 10.9.1. Company overview
- 10.9.2. Key executives
- 10.9.3. Company snapshot
- 10.9.4. Operating business segments
- 10.9.5. Product portfolio
- 10.10. CAN Capital, Inc.
- 10.10.1. Company overview
- 10.10.2. Key executives
- 10.10.3. Company snapshot
- 10.10.4. Operating business segments
- 10.10.5. Product portfolio
- 10.10.6. Key strategic moves and developments