Global Check Cashing Services Market Size study, By Service Providers (Banks, Credit Unions), By Type of Checks (Pre-printed Checks, Payroll Checks, Government Checks, Tax Checks), By End User (Commercial, Personal, Companies covered), and Regional Foreca

Global Check Cashing Services Market Size study, By Service Providers (Banks, Credit Unions), By Type of Checks (Pre-printed Checks, Payroll Checks, Government Checks, Tax Checks), By End User (Commercial, Personal, Companies covered), and Regional Forecasts 2022-2028

Global Check Cashing Services Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028.

The Check Cashing Services can be defined as type of service which offers way to cash paycheck and other types of checks in exchange for a fee. Check Cashing services are offered by financial services providers that also offer different transactions and consumer finance products, such as check cashing, money orders, electronic bill payment and small loans among others. These services are intended for unbanked or underbanked individuals. The rising adoption of alternative financial services and increasing number of technological advancements in banking sector as well as strategic initiatives from leading market players are factors that are accelerating the global market demand. For instance, according to Statista – as of 2022, Total transaction value in the Alternative Financing segment is valued at USD 1.54 billion, and the total transaction value is projected to show an annual growth rate of 2.70% between 2022 and 2027 to reach to total projected amount of USD 1.76 billion by 2027. Moreover, leading market players are launching innovative services to capitalize the growing adoption of check cashing services. For instance, in October 2021, The U.S. Postal Service rolled out a paycheck-cashing service at a few post offices on the East Coast region. UPS launched this new service at its post offices located across Washington, Baltimore, Falls Church, Va., and the Bronx. Also, growing penetration of Alternative financial services (AFS) in emerging markets and increasing improvements in KYC policies are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, a rising concern over fraudulent transactions and high service charge associated with Check Cashing services impede the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Check Cashing Services Mmarket study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing adoption of alternative financial services and presence of leading market players in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the increasing number of unbanked individuals and rising penetration of leading AFS service providers in the region, would create lucrative growth prospects for the global Check Cashing Services Mmarket across the Asia Pacific region.

Major market players included in this report are:
Ocwen Financial Corporation
Encore Capital Group Inc
Black Knight Inc.
PHH Corporation
Oaktree Capital Management
QCHI
Film Finances Inc.
Currency Exchange International Corp
Harrison Vickers
Waterman Inc.

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 eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available 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 Service Providers
Banks
Credit Unions

By Type of Checks
Pre-printed Checks
Payroll Checks
Government Checks
Tax Checks

By End User
Commercial
Personal
Companies covered
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 World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Check Cashing Services Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

Ocwen Financial Corporation
Encore Capital Group Inc
Black Knight Inc.
PHH Corporation
Oaktree Capital Management
QCHI
Film Finances Inc.
Currency Exchange International Corp
Harrison Vickers
Waterman Inc.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.


Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
1.2.1. Global Check Cashing Services Market, by Region, 2020-2028 (USD Million)
1.2.2. Global Check Cashing Services Market, by Service Providers, 2020-2028 (USD Million)
1.2.3. Global Check Cashing Services Market, by Type of Checks, 2020-2028 (USD Million)
1.2.4. Global Check Cashing Services Market, by End User, 2020-2028 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Check Cashing Services Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Check Cashing Services Market Dynamics
3.1. Check Cashing Services Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Growing adoption of alternative financial services
3.1.1.2. Increasing number of technological advancements in banking sector.
3.1.1.3. Strategic initiatives from leading market players.
3.1.2. Market Challenges
3.1.2.1. Rising concern over fraudulent transactions
3.1.2.2. High service charge associated with Check Cashing services.
3.1.3. Market Opportunities
3.1.3.1. Growing penetration of Alternative financial services (AFS) in emerging markets.
3.1.3.2. Increasing improvements in KYC policies.
Chapter 4. Global Check Cashing Services Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Check Cashing Services Market, by Service Providers
6.1. Market Snapshot
6.2. Global Check Cashing Services Market by Service Providers, Performance - Potential Analysis
6.3. Global Check Cashing Services Market Estimates & Forecasts by Service Providers 2018-2028 (USD Million)
6.4. Check Cashing Services Market, Sub Segment Analysis
6.4.1. Banks
6.4.2. Credit Unions
Chapter 7. Global Check Cashing Services Market, by Type of Checks
7.1. Market Snapshot
7.2. Global Check Cashing Services Market by Type of Checks, Performance - Potential Analysis
7.3. Global Check Cashing Services Market Estimates & Forecasts by Type of Checks 2018-2028 (USD Million)
7.4. Check Cashing Services Market, Sub Segment Analysis
7.4.1. Pre-printed Checks
7.4.2. Payroll Checks
7.4.3. Government Checks
7.4.4. Tax Checks
Chapter 8. Global Check Cashing Services Market, by End User
8.1. Market Snapshot
8.2. Global Check Cashing Services Market by End User, Performance - Potential Analysis
8.3. Global Check Cashing Services Market Estimates & Forecasts by End User 2018-2028 (USD Million)
8.4. Check Cashing Services Market, Sub Segment Analysis
8.4.1. Commercial
8.4.2. Personal
8.4.3. Companies covered
Chapter 9. Global Check Cashing Services Market, Regional Analysis
9.1. Check Cashing Services Market, Regional Market Snapshot
9.2. North America Check Cashing Services Market
9.2.1. U.S. Check Cashing Services Market
9.2.1.1. Service Providers estimates & forecasts, 2018-2028
9.2.1.2. Type of Checks estimates & forecasts, 2018-2028
9.2.1.3. End User estimates & forecasts, 2018-2028
9.2.2. Canada Check Cashing Services Market
9.3. Europe Check Cashing Services Market Snapshot
9.3.1. U.K. Check Cashing Services Market
9.3.2. Germany Check Cashing Services Market
9.3.3. France Check Cashing Services Market
9.3.4. Spain Check Cashing Services Market
9.3.5. Italy Check Cashing Services Market
9.3.6. Rest of Europe Check Cashing Services Market
9.4. Asia-Pacific Check Cashing Services Market Snapshot
9.4.1. China Check Cashing Services Market
9.4.2. India Check Cashing Services Market
9.4.3. Japan Check Cashing Services Market
9.4.4. Australia Check Cashing Services Market
9.4.5. South Korea Check Cashing Services Market
9.4.6. Rest of Asia Pacific Check Cashing Services Market
9.5. Latin America Check Cashing Services Market Snapshot
9.5.1. Brazil Check Cashing Services Market
9.5.2. Mexico Check Cashing Services Market
9.6. Rest of The World Check Cashing Services Market
Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Ocwen Financial Corporation
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Product Summary
10.2.1.5. Recent Developments
10.2.2. Encore Capital Group Inc
10.2.3. Black Knight Inc.
10.2.4. PHH Corporation
10.2.5. Oaktree Capital Management
10.2.6. QCHI
10.2.7. Film Finances Inc.
10.2.8. Currency Exchange International Corp
10.2.9. Harrison Vickers
10.2.10. Waterman Inc.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption
List of Tables
TABLE 1. Global Check Cashing Services Market, report scope
TABLE 2. Global Check Cashing Services Market estimates & forecasts by Region 2018-2028 (USD Million)
TABLE 3. Global Check Cashing Services Market estimates & forecasts by Service Providers 2018-2028 (USD Million)
TABLE 4. Global Check Cashing Services Market estimates & forecasts by Type of Checks 2018-2028 (USD Million)
TABLE 5. Global Check Cashing Services Market estimates & forecasts by End User 2018-2028 (USD Million)
TABLE 6. Global Check Cashing Services Market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 7. Global Check Cashing Services Market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 8. Global Check Cashing Services Market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 9. Global Check Cashing Services Market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 10. Global Check Cashing Services Market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 11. Global Check Cashing Services Market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 12. Global Check Cashing Services Market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 13. Global Check Cashing Services Market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 14. Global Check Cashing Services Market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 15. Global Check Cashing Services Market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 16. U.S. Check Cashing Services Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 17. U.S. Check Cashing Services Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 18. U.S. Check Cashing Services Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 19. Canada Check Cashing Services Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 20. Canada Check Cashing Services Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 21. Canada Check Cashing Services Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 22. UK Check Cashing Services Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 23. UK Check Cashing Services Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 24. UK Check Cashing Services Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 25. Germany Check Cashing Services Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 26. Germany Check Cashing Services Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 27. Germany Check Cashing Services Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 28. RoE Check Cashing Services Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 29. RoE Check Cashing Services Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 30. RoE Check Cashing Services Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 31. China Check Cashing Services Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 32. China Check Cashing Services Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 33. China Check Cashing Services Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 34. India Check Cashing Services Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 35. India Check Cashing Services Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 36. India Check Cashing Services Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 37. Japan Check Cashing Services Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 38. Japan Check Cashing Services Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 39. Japan Check Cashing Services Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 40. RoAPAC Check Cashing Services Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 41. RoAPAC Check Cashing Services Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 42. RoAPAC Check Cashing Services Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 43. Brazil Check Cashing Services Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 44. Brazil Check Cashing Services Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 45. Brazil Check Cashing Services Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 46. Mexico Check Cashing Services Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 47. Mexico Check Cashing Services Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 48. Mexico Check Cashing Services Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 49. RoLA Check Cashing Services Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 50. RoLA Check Cashing Services Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 51. RoLA Check Cashing Services Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 52. Row Check Cashing Services Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 53. Row Check Cashing Services Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 54. Row Check Cashing Services Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 55. List of secondary sources, used in the study of global Check Cashing Services Market
TABLE 56. List of primary sources, used in the study of global Check Cashing Services Market
TABLE 57. Years considered for the study
TABLE 58. Exchange rates considered
List of figures
FIG 1. Global Check Cashing Services Market, research methodology
FIG 2. Global Check Cashing Services Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Check Cashing Services Market, key trends 2021
FIG 5. Global Check Cashing Services Market, growth prospects 2022-2028
FIG 6. Global Check Cashing Services Market, porters 5 force model
FIG 7. Global Check Cashing Services Market, pest analysis
FIG 8. Global Check Cashing Services Market, value chain analysis
FIG 9. Global Check Cashing Services Market by segment, 2018 & 2028 (USD Million)
FIG 10. Global Check Cashing Services Market by segment, 2018 & 2028 (USD Million)
FIG 11. Global Check Cashing Services Market by segment, 2018 & 2028 (USD Million)
FIG 12. Global Check Cashing Services Market by segment, 2018 & 2028 (USD Million)
FIG 13. Global Check Cashing Services Market by segment, 2018 & 2028 (USD Million)
FIG 14. Global Check Cashing Services Market, regional snapshot 2018 & 2028
FIG 15. North America Check Cashing Services Market 2018 & 2028 (USD Million)
FIG 16. Europe Check Cashing Services Market 2018 & 2028 (USD Million)
FIG 17. Asia pacific Market 2018 & 2028 (USD Million)
FIG 18. Latin America Check Cashing Services Market 2018 & 2028 (USD Million)
FIG 19. Global Check Cashing Services Market, company Market share analysis (2021)

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