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Cash Converters managing director Peter Cumins remains focused on the network strengths in Australia. Photo: Ross Swanborough. "This is driving demand for online and more sophisticated lending products," he said. The value of Cash Converters' online cash advance loans jumped 62 per cent in the six months to December to 8.
2 million. Its online personal loan book also grew to 44. 6 million, up 42 per cent. Payday lender Money3 also reported a jump in its online loan division, telling investors it was set to deliver "impressive returns".
The company on Friday reported a lift in revenue from online loans from 1. 6 million to 8.