21 June 2018
Register for the webinar today

Cash America to offer online cash advances in UK

11 July 2007  |  3012 views  |  0 Source: Cash America

Cash America International (NYSE: CSH) announced today that it will begin offering online cash advances to customers who live in the United Kingdom.

The Company will provide this service through its existing Internet platform for online cash advances to offer short-term unsecured loans to consumers who reside throughout the United Kingdom. This product offering is expected to launch in the third quarter of 2007, following final regulatory approvals. Management expects loan volumes to accumulate gradually and provide only nominal levels of asset increases throughout the remainder of 2007.

Commenting on the entrance into the new market for Cash America, Chief Executive Officer, Daniel R. Feehan said, "The flexibility to reach new markets quickly is an important attribute of Cash America's online cash advance distribution platform. We see our entrance into the United Kingdom as a demonstration of our ability to touch new markets where we determine that the customer demand is sufficient to generate long-term opportunities for our Company. The UK market for online cash advance services does not appear to be as well developed as the U.S. market, and we expect a more moderate level of initial growth, but with attractive long-term potential."

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Visit https://info.nice.com/Visit http://go.jumio.com/finextraAdVisit www.abe-eba.eu

Top topics

Most viewed Most shared
GPS raises £44 million to fund international growthGPS raises £44 million to fund intern...
23046 views comments | 7 tweets | 8 linkedin
DBS to use robot to screen applicants for human jobsDBS to use robot to screen applicants for...
8732 views comments | 3 tweets | 7 linkedin
Robots save Nordea from GDPR processing nightmareRobots save Nordea from GDPR processing ni...
8721 views comments | 10 tweets | 17 linkedin
BIS: Cryptocurrencies are an environmental disaster that could break the InternetBIS: Cryptocurrencies are an environmental...
7841 views comments | 18 tweets | 23 linkedin
BBVA aims to convert half of its customer base to mobile banking within the next yearBBVA aims to convert half of its customer...
7366 views comments | 13 tweets | 18 linkedin

Featured job

Six-Figure Base + OTE + Benefits
London, UK

Find your next job