Payday Loans Global Market Report 2025

Description

Payday loans are short-term, high-interest loans designed to provide immediate cash to borrowers until their next paycheck. They are generally used to cover urgent expenses and typically involve small loan amounts. Payday loans are often criticized for their high costs and the potential to create a cycle of debt, making them a contentious and risky financial product.

The main types of payday loans include storefront payday loans and online payday loans. Storefront payday loans are offered through physical retail locations and share the same characteristics of being short-term and high-interest. The borrower demographics commonly include both married and single individuals across various age groups, under 21, 21-30, 31-40, 41-50, and over 50.

The payday loans market research report is one of a series of new reports from The Business Research Company that provides payday loans market statistics, including payday loans industry global market size, regional shares, competitors with payday loans market share, detailed payday loans market segments, market trends, and opportunities, and any further data you may need to thrive in the payday loans industry. This payday loans market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The payday loans market size has grown strongly in recent years. It will grow from $35.47 billion in 2024 to $37.51 billion in 2025 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to increase in financial instability, lack of access to traditional credit, economic downturns, high unemployment rates, regulatory changes, and rise of digital lending platforms.

The payday loans market size is expected to see strong growth in the next few years. It will grow to $46.24 billion in 2029 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to rising economic uncertainty, increasing unemployment rates, evolving consumer borrowing habits, regulatory changes, shifts in interest rates, and growing demand for short-term financial solutions. Major trends in the forecast period include advancements in digital lending platforms, enhanced borrower education programs, integration of artificial intelligence for risk assessment, development of more flexible repayment options, and integration of alternative credit scoring.

The increasing cost of living is expected to drive the growth of the payday loan market moving forward. The cost of living refers to the total amount needed to cover essential expenses like housing, food, transportation, healthcare, and other daily needs to maintain a certain standard of living in a specific area. The rise in the cost of living is attributed to factors such as higher housing prices, local taxes, food and transportation costs, healthcare expenses, and broader economic conditions in a given region. As expenses rise, individuals may turn to short-term financial solutions, such as payday loans, to bridge the gap between paychecks or cover unexpected costs. For example, in July 2024, the House of Commons Library, a UK-based government resource, reported that the inflation rate in the United Kingdom, which was under 1% in early 2021, had reached 11.1% by October 2022. Therefore, the increasing cost of living is fueling the growth of the payday loan market.

Leading companies in the payday loan market are concentrating on developing innovative solutions, such as online platforms, to enhance their services and address the needs of a growing digital consumer base. These online platforms streamline the process for individuals, including freelancers, to apply for cash advances swiftly and efficiently. For instance, in May 2024, PDLOANS247, a US-based online loan provider, introduced its Freelance Cash Advance Solution. This platform is specifically tailored to support freelancers, gig workers, and small business owners by offering advance payments of up to $5,000. The solution enables users to access funds quickly for various needs, including business expenses or personal requirements.

In June 2023, Zirtue Inc., a US-based peer-to-peer lending application focused on relationship-based lending, formed a partnership with MoneyGram International, Inc. The collaboration aims to promote financial inclusion by providing unbanked borrowers with access to vital financial resources. MoneyGram International, Inc. is a US-based financial services company specializing in money transfers and payment solutions.

Major companies operating in the payday loans market are Check Into Cash, Kotak Mahindra Bank Limited, OneMain Holdings Inc., Advance America, ACE Cash Express, Opportunity Financial LLC, Check 'n Go, AmeriCash Loans, Check City, LoanMart, NetCredit, MoneyKey, Rise Credit, Speedy Cash, Speedy Cash, Fig Loans, Possible Finance, Balance Credit, Plain Green Loans, Lending Bear, Spotloan, 24CashToday, Big Picture Loans, Cash America, CashNetUSA, Checksmart

North America was the largest region in the payday loans market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the payday loans market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the payday loans market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The payday loans market includes revenues earned by entities by providing services such as loan application and approval, loan disbursement, and loan repayment. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Payday Loans Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on payday loans market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
Assess the impact of key macro factors such as conflict, pandemic and recovery, inflation and interest rate environment and the 2nd Trump presidency.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Report will be updated with the latest data and delivered to you within 2-3 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for payday loans ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The payday loans market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Type: Storefront Payday Loans; Online Payday Loans
2) By Marital Status: Married; Single
3) By Customer Age: Less Than 21; 21-30; 31-40; 41-50; More Than 50
Subsegments:
1) By Storefront Payday Loans: In-Store Transactions; Instant Cash Payday Loans; Local and Regional Lenders
2) By Online Payday Loans: Short-Term Online Payday Loans; Peer-to-Peer Lending Platforms; Instant Approval Online Loans
Companies Mentioned: Check Into Cash; Kotak Mahindra Bank Limited; OneMain Holdings Inc.; Advance America; ACE Cash Express
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r30901

1. Executive Summary

2. Payday Loans Market Characteristics

3. Payday Loans Market Trends And Strategies

4. Payday Loans Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Covid And Recovery On The Market

5. Global Payday Loans Growth Analysis And Strategic Analysis Framework

5.1. Global Payday Loans PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global Payday Loans Market Growth Rate Analysis
5.4. Global Payday Loans Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
5.5. Global Payday Loans Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
5.6. Global Payday Loans Total Addressable Market (TAM)

6. Payday Loans Market Segmentation

6.1. Global Payday Loans Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Storefront Payday Loans
Online Payday Loans
6.2. Global Payday Loans Market, Segmentation By Marital Status, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Married
Single
6.3. Global Payday Loans Market, Segmentation By Customer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Less Than 21
21-30
31-40
41-50
More Than 50
6.4. Global Payday Loans Market, Sub-Segmentation Of Storefront Payday Loans, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
In-Store Transactions
Instant Cash Payday Loans
Local and Regional Lenders
6.5. Global Payday Loans Market, Sub-Segmentation Of Online Payday Loans, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Short-Term Online Payday Loans
Peer-to-Peer Lending Platforms
Instant Approval Online Loans

7. Payday Loans Market Regional And Country Analysis

7.1. Global Payday Loans Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Payday Loans Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Payday Loans Market

8.1. Asia-Pacific Payday Loans Market Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Payday Loans Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Payday Loans Market, Segmentation By Marital Status, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Payday Loans Market, Segmentation By Customer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Payday Loans Market

9.1. China Payday Loans Market Overview
9.2. China Payday Loans Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Payday Loans Market, Segmentation By Marital Status, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Payday Loans Market, Segmentation By Customer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Payday Loans Market

10.1. India Payday Loans Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Payday Loans Market, Segmentation By Marital Status, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Payday Loans Market, Segmentation By Customer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Payday Loans Market

11.1. Japan Payday Loans Market Overview
11.2. Japan Payday Loans Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Payday Loans Market, Segmentation By Marital Status, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Payday Loans Market, Segmentation By Customer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Payday Loans Market

12.1. Australia Payday Loans Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Payday Loans Market, Segmentation By Marital Status, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Payday Loans Market, Segmentation By Customer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Payday Loans Market

13.1. Indonesia Payday Loans Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Payday Loans Market, Segmentation By Marital Status, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Payday Loans Market, Segmentation By Customer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Payday Loans Market

14.1. South Korea Payday Loans Market Overview
14.2. South Korea Payday Loans Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Payday Loans Market, Segmentation By Marital Status, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Payday Loans Market, Segmentation By Customer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Payday Loans Market

15.1. Western Europe Payday Loans Market Overview
15.2. Western Europe Payday Loans Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Payday Loans Market, Segmentation By Marital Status, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Payday Loans Market, Segmentation By Customer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Payday Loans Market

16.1. UK Payday Loans Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Payday Loans Market, Segmentation By Marital Status, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Payday Loans Market, Segmentation By Customer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Payday Loans Market

17.1. Germany Payday Loans Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Payday Loans Market, Segmentation By Marital Status, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany Payday Loans Market, Segmentation By Customer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Payday Loans Market

18.1. France Payday Loans Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Payday Loans Market, Segmentation By Marital Status, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France Payday Loans Market, Segmentation By Customer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Payday Loans Market

19.1. Italy Payday Loans Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Payday Loans Market, Segmentation By Marital Status, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy Payday Loans Market, Segmentation By Customer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Payday Loans Market

20.1. Spain Payday Loans Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Payday Loans Market, Segmentation By Marital Status, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Payday Loans Market, Segmentation By Customer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Payday Loans Market

21.1. Eastern Europe Payday Loans Market Overview
21.2. Eastern Europe Payday Loans Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Payday Loans Market, Segmentation By Marital Status, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Payday Loans Market, Segmentation By Customer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Payday Loans Market

22.1. Russia Payday Loans Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Payday Loans Market, Segmentation By Marital Status, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Payday Loans Market, Segmentation By Customer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Payday Loans Market

23.1. North America Payday Loans Market Overview
23.2. North America Payday Loans Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Payday Loans Market, Segmentation By Marital Status, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Payday Loans Market, Segmentation By Customer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Payday Loans Market

24.1. USA Payday Loans Market Overview
24.2. USA Payday Loans Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Payday Loans Market, Segmentation By Marital Status, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Payday Loans Market, Segmentation By Customer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Payday Loans Market

25.1. Canada Payday Loans Market Overview
25.2. Canada Payday Loans Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Payday Loans Market, Segmentation By Marital Status, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Payday Loans Market, Segmentation By Customer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Payday Loans Market

26.1. South America Payday Loans Market Overview
26.2. South America Payday Loans Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Payday Loans Market, Segmentation By Marital Status, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Payday Loans Market, Segmentation By Customer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Payday Loans Market

27.1. Brazil Payday Loans Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Payday Loans Market, Segmentation By Marital Status, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Payday Loans Market, Segmentation By Customer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Payday Loans Market

28.1. Middle East Payday Loans Market Overview
28.2. Middle East Payday Loans Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Payday Loans Market, Segmentation By Marital Status, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Payday Loans Market, Segmentation By Customer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Payday Loans Market

29.1. Africa Payday Loans Market Overview
29.2. Africa Payday Loans Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Payday Loans Market, Segmentation By Marital Status, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Payday Loans Market, Segmentation By Customer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Payday Loans Market Competitive Landscape And Company Profiles

30.1. Payday Loans Market Competitive Landscape
30.2. Payday Loans Market Company Profiles
- 30.2.1. Check Into Cash Overview, Products and Services, Strategy and Financial Analysis
- 30.2.2. Kotak Mahindra Bank Limited Overview, Products and Services, Strategy and Financial Analysis
- 30.2.3. OneMain Holdings Inc. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.4. Advance America Overview, Products and Services, Strategy and Financial Analysis
- 30.2.5. ACE Cash Express Overview, Products and Services, Strategy and Financial Analysis

31. Payday Loans Market Other Major And Innovative Companies

31.1. Opportunity Financial LLC
31.2. Check 'n Go
31.3. AmeriCash Loans
31.4. Check City
31.5. LoanMart
31.6. NetCredit
31.7. MoneyKey
31.8. Rise Credit
31.9. Speedy Cash
31.10. Fig Loans
31.11. Possible Finance
31.12. Balance Credit
31.13. Plain Green Loans
31.14. Lending Bear
31.15. Spotloan

32. Global Payday Loans Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Payday Loans Market

34. Recent Developments In The Payday Loans Market

35. Payday Loans Market High Potential Countries, Segments and Strategies

35.1 Payday Loans Market In 2029 - Countries Offering Most New Opportunities
35.2 Payday Loans Market In 2029 - Segments Offering Most New Opportunities
35.3 Payday Loans Market In 2029 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer