Online Payday Loans Market to Reach $18,094.01 Million, Globally, by 2032 at 9.1% CAGR: Allied Market Research
By type, the installment segment held the highest market share in 2023, accounting for more than three-fifths of the global online payday loan market revenue, owing to growing demand for longer-term loans among borrowers who require larger loan amounts or more time to repay.
- By type, the installment segment held the highest market share in 2023, accounting for more than three-fifths of the global online payday loan market revenue, owing to growing demand for longer-term loans among borrowers who require larger loan amounts or more time to repay.
- Based on marital status, the married segment held the highest market share in 2023, accounting for more than two-thirds of the global online payday loan market revenue.
- Based on customer age outlook, the less than 21 segment held the highest market share in 2023, accounting for nearly one-thirds of the global online payday loan market revenue.
- Region-wise, North America held the highest market share in terms of revenue in 2022, accounting for more than one-third of the global online payday loan market revenue due to several factors.