Top Consumer Credit Companies

Global Consumer Credit Market size was valued at USD 12.2 Billion in 2023 and is poised to grow from USD 12.8 Billion in 2024 to USD 24.3 Billion by 2032, growing at a CAGR of 7.8% during the forecast period (2025-2032).

The Asia-Pacific consumer credit industry is competitive with traditional banks, fintech companies, and non-banking financial institutions (NBFCs) vying for market share. Also, digital financial services have penetrated over 60% of people in some of ASEAN's leading markets as of 2023, reports the Asian Development Bank (ADB). The Asia-Pacific consumer credit industry is competitive with traditional banks, fintech companies, and non-banking financial institutions (NBFCs) vying for market share. Moreover, online financial services have penetrated more than 60% of the population in some of ASEAN's top markets as of 2023, according to the Asian Development Bank (ADB) data. Most significant, however, is government support: India's Reserve Bank of India "Financial Inclusion Index" (2023) rose to 60.1, indicating improved credit availability. China's State Council approved its "14th Five-Year Plan for Financial Sector Development" with consumer finance and risk management initiatives in the spotlight. 'Visa Inc. (United States)', 'Mastercard Incorporated (United States)', 'American Express Company (United States)', 'PayPal Holdings Inc. (United States)', 'Capital One Financial Corporation (United States)', 'Discover Financial Services (United States)', 'Synchrony Financial (United States)', 'SoFi Technologies Inc. (United States)', 'Ally Financial Inc. (United States)', 'OneMain Holdings Inc. (United States)', 'Credit Acceptance Corporation (United States)', 'Upstart Holdings Inc. (United States)', 'FirstCash Inc. (United States)', 'Affirm Holdings Inc. (United States)', 'Navient Corporation (United States)', 'Hilltop Holdings Inc. (United States)', 'PNC Financial Services Group (United States)', 'Bajaj Finance Limited (India)', 'L&T Finance Holdings Ltd (India)', 'Indian Railway Finance Corporation Ltd (India)'

Government-supported programs like India's Digital Public Infrastructure and Brazil's Pix payment system are bringing credit to the masses. According to the World Bank, over 40% of adults in developing economies relied on digital payments in 2023, which facilitated credit penetration through regulated fintech channels and public-private partnerships.

Why is North America a Consumer Credit Leader?