<p>NEW YORK – The number of check cashing outlets doubled in the past five years in the U.S., according to Marketdata Enterprises, a market research firm. The firm reports that check-cashing outlets, money transfer services, payday loan providers and other industries aimed at the unbanked grew to almost $6.6 billion in 2001. Marketdata reported that they are projected to increase 10% in 2002 to 7.3 billion. Money transfer services are the largest and fastest growing segment of this industry with growth hitting 13.4% per year, the firm reported.</p>

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