May 9, 2022
Pawnshop industry quickly recovers post-COVID-19, and keeps digitising
With the easing of COVID-19 restrictions, the pawnbroker loan segment saw rapid growth in the first quarter of this year, according to the Q1 figures of Latvia’s biggest pawnshop network Banknote. In the first three months of 2022, Banknote, a pawnshop network owned by AS DelfinGroup, issued 3.6 million euros in pawnbroker loans: a 30% increase compared to the same period last year. The pawnshop market is expected to continue growing, with four leading tendencies defining its expansion in the coming years: market consolidation, digitisation, changes in standards, and the European Green Deal. Read more
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