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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. 6 million after purchasing online lender Cash Train.
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