Industry Insight: Pawnshop evolution - From gold to car and property loans

Pawnshops have always held a unique place in society. They’re one of the oldest financial services — places people turn to in moments of need, but also places where family heirlooms, gold bars, and luxury treasures change hands. Today, that traditional image is being redefined. With gold prices soaring and younger consumers embracing pre-owned luxury, pawnbroking is transforming into a modern retail and financial ecosystem. On Industry Insight, Money FM 89.3’s Lynlee Foo speaks with Lim Chun Seng, Group General Manager of MoneyMax, one of Southeast Asia’s largest pawnbroking and luxury resale groups. From innovation and consumer shifts to challenges and the future of finance, he shares how an age-old industry is finding fresh relevance in the modern economy.See omnystudio.com/listener for privacy information.