Global Payday Loans Market 2025-2029

Description

List of Tables

The payday loans market is forecasted to grow by USD 9.9 billion during 2024-2029, accelerating at a CAGR of 4.5% during the forecast period. The report on the payday loans market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing awareness regarding payday loans among youth, increase in adoption of advanced technologies among payday lenders, and basic eligibility criteria are less than other financial services and institutions.

Market Scope
Base Year	2025
End Year	2029
Series Year	2025-2029
Growth Momentum	Accelerate
YOY 2025	4.3%
CAGR	4.5%
Incremental Value	$9.9 bn

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's payday loans market is segmented as below:

By Type

Storefront payday loans
Online payday loans

By Consumer

Single
Married

By Age Group

31-40
21-30
51 and above
41-50
Less than 21

By Geographical Landscape

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the rising number of payday lenders as one of the prime reasons driving the payday loans market growth during the next few years. Also, increasing adoption of online payment method and rise in spending on luxury products among adult population will lead to sizable demand in the market.

The report on the payday loans market covers the following areas:

Payday Loans Market sizing
Payday Loans Market forecast
Payday Loans Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading payday loans market vendors that include AARC LLC, Axis Bank Ltd., CashNetUSA, Citigroup Inc., Creditstar Group AS, CS SALES LLC, DJS UK Ltd., FloatMe Corp., GAIN Credit Inc., GC DataTech Ltd., Kotak Mahindra Bank Ltd., KrazyBee Services Pvt. Ltd., Maxed Up Media Ltd., Payday America Inc., Payday Loans Ltd., PDL Finance Ltd., Speedy Cash, Upward Finance Ltd., Western Circle Ltd., and Whizdm Innovations Pvt. Ltd.. Also, the payday loans market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR73633

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Consumer
- Executive Summary - Chart on Market Segmentation by Age Group
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
- Overview on factors of disruption
2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029

3 Market Landscape

3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
3.2 Market characteristics
- Market characteristics analysis
3.3 Value chain analysis
- Value chain analysis

4 Market Sizing

4.1 Market definition
- Offerings of companies included in the market definition
4.2 Market segment analysis
- Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ billion)
- Data Table on Global - Market size and forecast 2024-2029 ($ billion)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)

5 Historic Market Size

5.1 Global Payday Loans Market 2019 - 2023
- Historic Market Size - Data Table on Global Payday Loans Market 2019 - 2023 ($ billion)
5.2 Type segment analysis 2019 - 2023
- Historic Market Size - Type Segment 2019 - 2023 ($ billion)
5.3 Consumer segment analysis 2019 - 2023
- Historic Market Size - Consumer Segment 2019 - 2023 ($ billion)
5.4 Age Group segment analysis 2019 - 2023
- Historic Market Size - Age Group Segment 2019 - 2023 ($ billion)
5.5 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ billion)
5.6 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ billion)

6 Qualitative Analysis

6.1 The AI impact on Global Payday Loans Market

7 Five Forces Analysis

7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029

8 Market Segmentation by Type

8.1 Market segments
- Chart on Type - Market share 2024-2029 (%)
- Data Table on Type - Market share 2024-2029 (%)
8.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
8.3 Storefront payday loans - Market size and forecast 2024-2029
- Chart on Storefront payday loans - Market size and forecast 2024-2029 ($ billion)
- Data Table on Storefront payday loans - Market size and forecast 2024-2029 ($ billion)
- Chart on Storefront payday loans - Year-over-year growth 2024-2029 (%)
- Data Table on Storefront payday loans - Year-over-year growth 2024-2029 (%)
8.4 Online payday loans - Market size and forecast 2024-2029
- Chart on Online payday loans - Market size and forecast 2024-2029 ($ billion)
- Data Table on Online payday loans - Market size and forecast 2024-2029 ($ billion)
- Chart on Online payday loans - Year-over-year growth 2024-2029 (%)
- Data Table on Online payday loans - Year-over-year growth 2024-2029 (%)
8.5 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)

9 Market Segmentation by Consumer

9.1 Market segments
- Chart on Consumer - Market share 2024-2029 (%)
- Data Table on Consumer - Market share 2024-2029 (%)
9.2 Comparison by Consumer
- Chart on Comparison by Consumer
- Data Table on Comparison by Consumer
9.3 Single - Market size and forecast 2024-2029
- Chart on Single - Market size and forecast 2024-2029 ($ billion)
- Data Table on Single - Market size and forecast 2024-2029 ($ billion)
- Chart on Single - Year-over-year growth 2024-2029 (%)
- Data Table on Single - Year-over-year growth 2024-2029 (%)
9.4 Married - Market size and forecast 2024-2029
- Chart on Married - Market size and forecast 2024-2029 ($ billion)
- Data Table on Married - Market size and forecast 2024-2029 ($ billion)
- Chart on Married - Year-over-year growth 2024-2029 (%)
- Data Table on Married - Year-over-year growth 2024-2029 (%)
9.5 Market opportunity by Consumer
- Market opportunity by Consumer ($ billion)
- Data Table on Market opportunity by Consumer ($ billion)

10 Market Segmentation by Age Group

10.1 Market segments
- Chart on Age Group - Market share 2024-2029 (%)
- Data Table on Age Group - Market share 2024-2029 (%)
10.2 Comparison by Age Group
- Chart on Comparison by Age Group
- Data Table on Comparison by Age Group
- 31-40 - Market size and forecast 2024-2029
- Chart on 31-40 - Market size and forecast 2024-2029 ($ billion)
- Data Table on 31-40 - Market size and forecast 2024-2029 ($ billion)
- Chart on 31-40 - Year-over-year growth 2024-2029 (%)
- Data Table on 31-40 - Year-over-year growth 2024-2029 (%)
- 21-30 - Market size and forecast 2024-2029
- Chart on 21-30 - Market size and forecast 2024-2029 ($ billion)
- Data Table on 21-30 - Market size and forecast 2024-2029 ($ billion)
- Chart on 21-30 - Year-over-year growth 2024-2029 (%)
- Data Table on 21-30 - Year-over-year growth 2024-2029 (%)
- 51 and above - Market size and forecast 2024-2029
- Chart on 51 and above - Market size and forecast 2024-2029 ($ billion)
- Data Table on 51 and above - Market size and forecast 2024-2029 ($ billion)
- Chart on 51 and above - Year-over-year growth 2024-2029 (%)
- Data Table on 51 and above - Year-over-year growth 2024-2029 (%)
- 41-50 - Market size and forecast 2024-2029
- Chart on 41-50 - Market size and forecast 2024-2029 ($ billion)
- Data Table on 41-50 - Market size and forecast 2024-2029 ($ billion)
- Chart on 41-50 - Year-over-year growth 2024-2029 (%)
- Data Table on 41-50 - Year-over-year growth 2024-2029 (%)
10.7 Less than 21 - Market size and forecast 2024-2029
- Chart on Less than 21 - Market size and forecast 2024-2029 ($ billion)
- Data Table on Less than 21 - Market size and forecast 2024-2029 ($ billion)
- Chart on Less than 21 - Year-over-year growth 2024-2029 (%)
- Data Table on Less than 21 - Year-over-year growth 2024-2029 (%)
10.8 Market opportunity by Age Group
- Market opportunity by Age Group ($ billion)
- Data Table on Market opportunity by Age Group ($ billion)

11 Customer Landscape

11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

12 Geographic Landscape

12.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2024-2029 (%)
- Data Table on Market share By Geographical Landscape 2024-2029 (%)
12.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
12.3 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ billion)
- Data Table on North America - Market size and forecast 2024-2029 ($ billion)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
12.4 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ billion)
- Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
12.5 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ billion)
- Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
12.6 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ billion)
- Data Table on South America - Market size and forecast 2024-2029 ($ billion)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
12.7 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
12.8 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ billion)
- Data Table on US - Market size and forecast 2024-2029 ($ billion)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
12.9 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ billion)
- Data Table on Canada - Market size and forecast 2024-2029 ($ billion)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
12.10 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ billion)
- Data Table on China - Market size and forecast 2024-2029 ($ billion)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
12.11 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ billion)
- Data Table on UK - Market size and forecast 2024-2029 ($ billion)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
12.12 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ billion)
- Data Table on Japan - Market size and forecast 2024-2029 ($ billion)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
12.13 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ billion)
- Data Table on India - Market size and forecast 2024-2029 ($ billion)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
12.14 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ billion)
- Data Table on Germany - Market size and forecast 2024-2029 ($ billion)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
12.15 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ billion)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ billion)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)
12.16 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ billion)
- Data Table on France - Market size and forecast 2024-2029 ($ billion)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
12.17 Italy - Market size and forecast 2024-2029
- Chart on Italy - Market size and forecast 2024-2029 ($ billion)
- Data Table on Italy - Market size and forecast 2024-2029 ($ billion)
- Chart on Italy - Year-over-year growth 2024-2029 (%)
- Data Table on Italy - Year-over-year growth 2024-2029 (%)
12.18 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ billion)
- Data Tables on Market opportunity By Geographical Landscape ($ billion)

13 Drivers, Challenges, and Opportunity/Restraints

13.1 Market drivers
13.2 Market challenges
13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
13.4 Market opportunities/restraints

14 Competitive Landscape

14.1 Overview
14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
14.3 Landscape disruption
- Overview on factors of disruption
14.4 Industry risks
- Impact of key risks on business

15 Competitive Analysis

15.1 Companies profiled
- Companies covered
15.2 Company ranking index
- Company ranking index
15.3 Market positioning of companies
- Matrix on companies position and classification
15.4 AARC LLC
- AARC LLC - Overview
- AARC LLC - Product / Service
- AARC LLC - Key offerings
- SWOT
15.5 Axis Bank Ltd.
- Axis Bank Ltd. - Overview
- Axis Bank Ltd. - Business segments
- Axis Bank Ltd. - Key offerings
- Axis Bank Ltd. - Segment focus
- SWOT
15.6 CashNetUSA
- CashNetUSA - Overview
- CashNetUSA - Product / Service
- CashNetUSA - Key offerings
- SWOT
15.7 Citigroup Inc.
- Citigroup Inc. - Overview
- Citigroup Inc. - Business segments
- Citigroup Inc. - Key news
- Citigroup Inc. - Key offerings
- Citigroup Inc. - Segment focus
- SWOT
15.8 Creditstar Group AS
- Creditstar Group AS - Overview
- Creditstar Group AS - Product / Service
- Creditstar Group AS - Key offerings
- SWOT
15.9 CS SALES LLC
- CS SALES LLC - Overview
- CS SALES LLC - Product / Service
- CS SALES LLC - Key offerings
- SWOT
15.10 DJS UK Ltd.
- DJS UK Ltd. - Overview
- DJS UK Ltd. - Product / Service
- DJS UK Ltd. - Key offerings
- SWOT
15.11 FloatMe Corp.
- FloatMe Corp. - Overview
- FloatMe Corp. - Product / Service
- FloatMe Corp. - Key offerings
- SWOT
15.12 GAIN Credit Inc.
- GAIN Credit Inc. - Overview
- GAIN Credit Inc. - Product / Service
- GAIN Credit Inc. - Key offerings
- SWOT
15.13 GC DataTech Ltd.
- GC DataTech Ltd. - Overview
- GC DataTech Ltd. - Product / Service
- GC DataTech Ltd. - Key offerings
- SWOT
15.14 Kotak Mahindra Bank Ltd.
- Kotak Mahindra Bank Ltd. - Overview
- Kotak Mahindra Bank Ltd. - Business segments
- Kotak Mahindra Bank Ltd. - Key offerings
- Kotak Mahindra Bank Ltd. - Segment focus
- SWOT
15.15 PDL Finance Ltd.
- PDL Finance Ltd. - Overview
- PDL Finance Ltd. - Product / Service
- PDL Finance Ltd. - Key offerings
- SWOT
15.16 Speedy Cash
- Speedy Cash - Overview
- Speedy Cash - Product / Service
- Speedy Cash - Key offerings
- SWOT
15.17 Upward Finance Ltd.
- Upward Finance Ltd. - Overview
- Upward Finance Ltd. - Product / Service
- Upward Finance Ltd. - Key offerings
- SWOT
15.18 Western Circle Ltd.
- Western Circle Ltd. - Overview
- Western Circle Ltd. - Product / Service
- Western Circle Ltd. - Key offerings
- SWOT

16 Appendix

16.1 Scope of the report
16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
16.3 Currency conversion rates for US$
- Currency conversion rates for US$
16.4 Research methodology
- Research methodology
16.5 Data procurement
- Information sources
16.6 Data validation
- Data validation
16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
16.8 Data synthesis
- Data synthesis
16.9 360 degree market analysis
- 360 degree market analysis
16.10 List of abbreviations
- List of abbreviations