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"If our industry is to be fully accepted by government and community as an integral part of the financial services sector, we need to ensure we continually deliver high-quality products and services while maintaining the highest compliance standards. " He said recent government data showed the short-term lending market in Australia was growing and the "range cash converters loans derby consumers accessing these products is broadening". 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".