Check Cashing, Pawn Shops, Payday Loans, Rental Stores with Option to Buy and Money Transfer Services


Dublin, November 16, 2020 (GLOBE NEWSWIRE) – The “US Alternative Financial Services Market: Check Cashing, Pawn Shops, Payday Loans, Option-to-Buy Rental Stores, and Money Transfer Services” report was added to offer.

This updated analysis examines the controversial “alternative financial services” industry – a $ 36 billion business comprised of fragmented and loosely regulated check cashing and money transfer services, payday lending services, pawn shops and rental shops with option to buy. These retail and online outlets serve the “unbanked” segment of the American population. Many businesses are happy to take deals from consumers with uneven credit records who need cash quickly and who have been rejected by banks – the 12 million plus households that choose not to use traditional banks .

Today there are approximately 12,000 check-cashing stores, 14,000 payday loan outlets, 800,000 money transfer agents, 11,000 pawn shops and 10,000 option-to-buy rental stores. . Many outlets / services overlap, providing multiple services on the same site.

The study explores the effects of the current pandemic and recession on operations and revenues, increased competition and disruption caused by new start-ups, industry consolidation, state and federal regulation, attitudes consumers and the shift to virtual online distribution channels.

This new study examines the nature of the business, reasons for the growth of non-banking services, immigration trends, revenue / industry growth from 1999 to 2019, outlook for 2020 and long-term forecast 2025, Average Store Revenue, Customer Demographics, Key Industry Trends, Federal / State Regulation / Fee Cap, Check Vending Machines, Profit Margins, Franchising, Gold Buy / Sell, Global Shipment Trends funds, consumer debt levels and hub to online services. Research Study Results by: FISCA, Financial Health Network, Federal Reserve Board, Brokerage Analysts, APRO, Consumer Financial Protection Bureau, State Banking Departments, World Bank, INS, US Census Bureau, FDIC, etc.

Contains 19 detailed company profiles (with financial data) for:

Purpose Financial (Advance America), Populus (ACE Cash Express), Check Into Cash, Check ‘N Go,
EZCorp., First Cash, Curo Group Holdings, QC Holdings, Western Union, MoneyGram, Euronet, Earnin, Elevate, Enova, Aaron’s, Rent-A-Center and AMSCOT.

Main topics covered:

1. Introduction: Scope of the study, Sources, Methodology

2. Executive overview of key findings

3. Customer demographics: the unbanked population

4. The American Check Cashing Industry

5. The American Money Transfer Industry

6. The American Pawnbroker Industry

7. The American Payday Loan Industry

8. The American hire-purchase industry

9. Reference directory of professional associations and sources

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