Consumer Credit Market Report 2024: A Global $16.8 Billion Industry by 2032, Driven by High Economic Growth for Micro-enterprises, Especially in Developing Nations [Yahoo! Finance]
Mitsubishi UFJ Financial Group, Inc. (MUFG)
Company Research
Source: Yahoo! Finance
Method, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering. The global consumer credit market size reached US$ 11.5 Billion in 2023. Looking forward, the market to reach US$ 16.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.3% during 2023-2032. Significant growth in the banking, financial services and insurance (BFSI) industry is one of the key factors creating a positive outlook for the market. Furthermore, high economic growth for micro-enterprises, especially in developing nations, is also providing a boost to the market growth. Banks and other financial institutions are investing in micro, small and medium enterprises (MSMEs) to minimize the credit gap with local vendors. Additionally, consumer banking professionals are adopting credit data that deals with the information related to cash flows and analytics at the portfolio level. Credit data in such instances aids in managing individual credit cases, real-time pricing and capital manag
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- MUFG's page on the SEC website