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Cash Converters cashes in on online payday loans

Wednesday, August 5th, 2020

Cash Converters cashes in on online payday loans

A growth in online payday financing in Australia has helped Cash Converters return to profit after multimillion-dollar losings year that is last.

The business, which can be understood for its bright pawn that is yellow, hopes to profit from the growing quantity of Australians looking at the world-wide-web for quick money.

Significantly more than 1 million Australians are believed to just simply just take down an online payday loan every year. Credit: Karl Hilzinger

It intends to expand its shop system in Australia while retreating from Britain, and spend more within the fast-growing online financing market. (more…)