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Less stigma for pawnbroking industry

Since 2008,the amount of loans given by pawn shops in Singapore have risen by more than three-fold,to $7.1 billion in 2012.It seems Singaporeans are more accepting when it comes to trading in valuable items for quick cash at pawn shops.New players modernising the pawnbroking industry have also helped reduce the stigma attached to it.


 

New-Look pawnshops mean new business