Global Cash Advance Services Market Size study & Forecast, by Types (Credit Card Cash Advance, Merchant Cash Advance, Payday Loans, Others), Deployment (Online, Offline), Service Providers (Banks, Credit Card Companies, Others), End Users (Personal, Comme

Global Cash Advance Services Market Size study & Forecast, by Types (Credit Card Cash Advance, Merchant Cash Advance, Payday Loans, Others), Deployment (Online, Offline), Service Providers (Banks, Credit Card Companies, Others), End Users (Personal, Commercial) and Regional Analysis, 2022-2029

Global Cash Advance Services Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Cash Advance Services refers to short-term credit offered by banks and credit card providers to its customers. Credit Card Cash Advance, Merchant Cash Advance, and Payday Loans are different types of cash advance offered by banks and NBFCs. Banks charge a certain amount of interest on these advances. The growing expansion of the BFSI Sector worldwide and rising adoption of mobile banking Services as well as strategic initiatives from leading Market players are key factors accelerating the market growth.

According to Statista – as of 2022, the revenue in global Banking, Finance & Insurance is estimated at USD 3720 billion, and the market is projected to grow at an annual growth rate of 2.47% expected between 2022 and 2025 to reach USD 4000 billion. Also, the rising emergence of multiple advanced Cash service providers and growing adoption of digital lending solutions would create lucrative growth prospectus for the market over the forecast period. However, the high-interest rate, as well as the lack of grace period, impede the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Cash Advance Services Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share owing presence of leading market players as well as the growing FinTech sector in the region. Whereas the Asia Pacific is expected to grow with the highest CAGRduring the forecast period, owing to factors such as rising penetration of NBFCs and digital lending platforms in the region.

Major market player included in this report are:
Lendio
Fundbox
CAN Capital Inc.
National Business Capital and Securities Inc.
Kabbage, Inc.
PayPal Inc.
FINOVA Capital
Social Finance
Stripe Inc.
Square, Inc.


Recent Developments in the Market:
In October 2020 Bank of America launched Balance Assist™, a new solution that provides a low-cost way for clients to manage their short-term cash needs. Through this service, a borrower can lend up to USD 500.

In July 2021, Paytm launched Postpaid Mini. This new product is a need-based and consumption-based credit for users to help them manage their household finances.

Global Cash Advance Services Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered

Types, Deployment, Service Providers, End Users, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Types
Credit Card Cash Advance
Merchant Cash Advance
Payday Loans
Others
By Deployment
Online
Offline
By Service Providers
Banks
Credit Card Companies
Others
By End Users
Personal
Commercial
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the WorldCompanies Mentioned

Lendio
Fundbox
CAN Capital Inc.
National Business Capital and Securities Inc.
Kabbage, Inc.
PayPal Inc.
FINOVA Capital
Social Finance
Stripe Inc.
Square, Inc.

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