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Saudi Arabia Buy Now Pay Later Business and Investment Opportunities (2019-2028) - 75+ KPIs on Buy Now Pay Later Trends by End-Use Sectors, Operational KPIs, Market Share, Retail Product Dynamics, and Consumer Demographics

  • ID: 5304987
  • Report
  • June 2021
  • Region: Saudi Arabia
  • 50 Pages
  • PayNXT360

FEATURED COMPANIES

  • Cashew Payments
  • Postpay
  • Spotti
  • Tabby
  • tamara

Consumers in Saudi Arabia are becoming comfortable with card payments. However, a large portion of consumers still prefers to pay with cash-on-delivery (COD). It is because they want the product first and then pays for it. With deferred payment services, consumers can receive the product first and then pay later when they feel satisfied. Consequently, the BNPL payment option is creating a win-win situation for both merchants and consumers in the country. According to the Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 69.4% on annual basis to reach US$ 321.4 million in 2021.

Growth in the e-commerce industry to further drive the adoption of deferred payment methods in Saudi Arabia. Similar to other global markets, the retail landscape changed significantly in Saudi Arabia in 2020, primarily because of the global pandemic. For instance, the e-commerce industry in the region posted substantial growth in the last three quarters. Apart from fashion, beauty, and electronic products, consumers took to the e-commerce platform to buy groceries and other essential products.

The Saudi Arabian deferred payment space is still evolving, with many financial technology startups aiming to gain market share in the country. Apart from the Saudi Arabia-based Tamara, UAE-based FinTech startup Tabby and Spotti have also launched their BNPL services for consumers in the country.

Both of these BNPL services have gained substantial traction for merchants and consumers alike in the Kingdom. For instance, Tamara has partnered with more than 1,000 merchants on its platform. The BNPL startup has partnered with both online and offline merchants in the country and is also expanding its service across KSA and other regions in the GCC.

Medium to long term growth story of BNPL industry in Saudi Arabia remains strong. The BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 27.9% during 2021-2028. The BNPL Gross Merchandise Value in the country will increase from US$ 189.7 million in 2020 to reach US$ 1,796.9 million by 2028.

Scope

This report provides in-depth, data-centric analysis of Buy Now Pay Later industry in Saudi Arabia. Below is a summary of key market segments:

Saudi Arabia BNPL Market Size and Spending Pattern

  • Gross Merchandise Value Trend Analysis
  • Average Value Per Transaction Trend Analysis
  • Transaction Volume Trend Analysis

Saudi Arabia Buy Now Pay Later Market Share Analysis by Key Players


Saudi Arabia Buy Now Pay Later Spend Analysis by Channel: Market Size and Forecast

  • Online Channel
  • POS Channel

Saudi Arabia Buy Now Pay Later in Retail Shopping: Market Size and Forecast

  • Gross Merchandise Value Trend Analysis
  • Average Value Per Transaction Trend Analysis
  • Transaction Volume Trend Analysis

Saudi Arabia Buy Now Pay Later in Home Improvement: Market Size and Forecast

  • Gross Merchandise Value Trend Analysis
  • Average Value Per Transaction Trend Analysis
  • Transaction Volume Trend Analysis

Saudi Arabia Buy Now Pay Later in Leisure & Entertainment: Market Size and Forecast

  • Gross Merchandise Value Trend Analysis
  • Average Value Per Transaction Trend Analysis
  • Transaction Volume Trend Analysis

Saudi Arabia Buy Now Pay Later in Healthcare and Wellness: Market Size and Forecast

  • Gross Merchandise Value Trend Analysis
  • Average Value Per Transaction Trend Analysis
  • Transaction Volume Trend Analysis

Saudi Arabia Buy Now Pay Later in Education: Market Size and Forecast

  • Gross Merchandise Value Trend Analysis
  • Average Value Per Transaction Trend Analysis
  • Transaction Volume Trend Analysis

Saudi Arabia Buy Now Pay Later in Automotive: Market Size and Forecast

  • Gross Merchandise Value Trend Analysis
  • Average Value Per Transaction Trend Analysis
  • Transaction Volume Trend Analysis

Saudi Arabia Buy Now Pay Later Analysis by Consumer Attitude and Behaviour

  • Buy Now Pay Later Sales Uplift by Product Category
  • Buy Now Pay Later Spend Share by Age Group
  • Buy Now Pay Later Gross Merchandise Share by Income
  • Buy Now Pay Later Gross Merchandise Value Share by Gender
  • Buy Now Pay Later Adoption Rationale Gross Merchandise Value Analysis

Reasons to buy

  • BNPL services have gained substantial traction among both merchants and consumers in Saudi Arabia. Looking at this growing adoption of BNPL services, deferred payment providers in Saudi Arabia are looking to expand into new markets in the GCC region. For instance, Saudi Arabia-based BNPL provider, Tamara, secured funding of US$110 million in April 2021.
  • In-depth Understanding of Buy Now Pay Later Market Dynamics: Understand market opportunities and key trends along with forecast (2019-2028). Understand market dynamics through essential KPIs such as Gross Merchandise Value, Volume, and Average Value Per Transaction.
  • Insights into Opportunity by end-use sectors – Get market dynamics by end-use sectors to assess emerging opportunity across various end-use sectors.
  • Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate BNPL strategy; assess market specific key trends, drivers, and risks in the BNPL industry.
  • Get Insights into Consumer Attitude and Behaviour: Drawing from proprietary survey results, this report identifies and interprets key Buy Now Pay Later KPIs, including spend by age, gender, and income level.
  • Market Share by Key Players.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Cashew Payments
  • Postpay
  • Spotti
  • Tabby
  • tamara
1. About this Report
1.1 Summary
1.2 Methodology
1.3 Disclaimer

2. Saudi Arabia BNPL Market Size and Future Growth Dynamics
2.1 Consumer Behavior
2.2 Competitive Landscape and Growth Strategies
2.3 Market Share
2.4 Regulatory Trends

3. Saudi Arabia Buy Now Pay Later Industry Attractiveness
3.1 Saudi Arabia Buy Now Pay Later – Gross Merchandise Value Trend Analysis, 2019-2028
3.2 Saudi Arabia Buy Now Pay Later – Average Value Per Transaction Trend Analysis, 2019-2028
3.3 Saudi Arabia Buy Now Pay Later – Transaction Volume Trend Analysis, 2019-2028

4. Saudi Arabia Buy Now Pay Later Operational KPIs
4.1 Buy Now Pay Later Revenues, 2019 – 2028
4.2 Buy Now Pay Later Share by Revenue Segments
4.3 Buy Now Pay Later Merchant Commission, 2019 – 2028
4.4 Buy Now Pay Later Missed Payment Fee Revenue, 2019 – 2028
4.5 Buy Now Pay Later Pay Now & Other Income, 2019 – 2028
4.6 Buy Now Pay Later Consumer Account Count, 2019 – 2028
4.7 Buy Now Pay Later Bad Debt, 2019 – 2028

5. Saudi Arabia Buy Now Pay Later Spend Analysis by Channel
5.1 Buy Now Pay Later Market Share by Channel, 2019 – 2028
5.2 Buy Now Pay Later Online Channel Market Size and Forecast, 2019 – 2028
5.3 Buy Now Pay Later POS Channel Market Size and Forecast, 2019 – 2028

6. Saudi Arabia Buy Now Pay Later Snapshot by End-Use Sector
6.1 Buy Now Pay Later Market Share by End-Use Sector – Emerging Avenues and Future Growth Prospects
6.2 Buy Now Pay Later Sales Uplift by End-Use Sector
6.3 Buy Now Pay Later Share by Retail Product Category

7. Saudi Arabia Buy Now Pay Later in Retail Shopping: Market Size and Forecast, 2019 – 2028
7.1 Saudi Arabia Buy Now Pay Later Retail Shopping – Gross Merchandise Value Trend Analysis, 2019-2028
7.2 Saudi Arabia Buy Now Pay Later Retail Shopping – Average Value Per Transaction Trend Analysis, 2019-2028
7.3 Saudi Arabia Buy Now Pay Later Retail Shopping – Transaction Volume Trend Analysis, 2019-2028

8. Saudi Arabia Buy Now Pay Later in Home Improvement: Market Size and Forecast, 2019 – 2028
8.1 Saudi Arabia Buy Now Pay Later Home Improvement – Gross Merchandise Value Trend Analysis, 2019-2028
8.2 Saudi Arabia Buy Now Pay Later Home Improvement – Average Value Per Transaction Trend Analysis, 2019-2028
8.3 Saudi Arabia Buy Now Pay Later Home Improvement – Transaction Volume Trend Analysis, 2019-2028

9. Saudi Arabia Buy Now Pay Later in Leisure & Entertainment: Market Size and Forecast, 2019 – 2028
9.1 Saudi Arabia Buy Now Pay Later Leisure & Entertainment – Gross Merchandise Value Trend Analysis, 2019-2028
9.2 Saudi Arabia Buy Now Pay Later Leisure & Entertainment – Average Value Per Transaction Trend Analysis, 2019-2028
9.3 Saudi Arabia Buy Now Pay Later Leisure & Entertainment – Transaction Volume Trend Analysis, 2019-2028

10. Saudi Arabia Buy Now Pay Later in Healthcare and Wellness: Market Size and Forecast, 2019 – 2028
10.1 Saudi Arabia Buy Now Pay Later Healthcare and Wellness – Gross Merchandise Value Trend Analysis, 2019-2028
10.2 Saudi Arabia Buy Now Pay Later Healthcare and Wellness – Average Value Per Transaction Trend Analysis, 2019-2028
10.3 Saudi Arabia Buy Now Pay Later Healthcare and Wellness – Transaction Volume Trend Analysis, 2019-2028

11. Saudi Arabia Buy Now Pay Later in Other Segment: Market Size and Forecast, 2019 – 2028
11.1 Saudi Arabia Buy Now Pay Later Other Segment – Gross Merchandise Value Trend Analysis, 2019-2028
11.2 Saudi Arabia Buy Now Pay Later Other Segment – Average Value Per Transaction Trend Analysis, 2019-2028
11.3 Saudi Arabia Buy Now Pay Later Other Segment – Transaction Volume Trend Analysis, 2019-2028

12. Saudi Arabia Buy Now Pay Later Analysis by Consumer Attitude and Behaviour
12.1 Buy Now Pay Later Spend Share by Age Group
12.2 Buy Now Pay Later Gross Merchandise Share by Income
12.3 Buy Now Pay Later Gross Merchandise Value Share by Gender
12.4 Buy Now Pay Later Adoption Rationale Gross Merchandise Value Analysis

13. Further Reading
13.1 About the Publisher
13.2 Related Research

List of Figures
Figure 1: Methodology Framework
Figure 2: Saudi Arabia Buy Now Pay Later - GMV and Adoption Rationale
Figure 3: Saudi Arabia Buy Now Pay Later - Share by Gender and Age Group
Figure 4: Saudi Arabia Buy Now Pay Later - Market Share Analysis by Key Players (%)
Figure 5: Saudi Arabia Buy Now Pay Later - Gross Merchandise Value Trend Analysis (US$ Million), 5019-5058
Figure 6: Saudi Arabia Buy Now Pay Later - Average Value Per Transaction Trend Analysis (US$), 2019-2028
Figure 7: Saudi Arabia Buy Now Pay Later - Transaction Volume Trend Analysis (Million), 2019-2028
Figure 8: Saudi Arabia Buy Now Pay Later - Revenues (Million), 2019-2028
Figure 9: Buy Now Pay Later Share by Revenue Segments
Figure 10: Saudi Arabia Buy Now Pay Later - Merchant Commission (Million), 2019-20210
Figure 11: Saudi Arabia Buy Now Pay Later - Missed Payment Fee Revenue (Million), 20111-20211
Figure 12: Saudi Arabia Buy Now Pay Later Pay Now & Other Income (Million), 20112-2028
Figure 13: Saudi Arabia Buy Now Pay Later - Consumer Account Count, 2019-2028
Figure 14: Saudi Arabia Buy Now Pay Later - Bad Debt (Million), 2019-2028
Figure 15: Saudi Arabia Buy Now Pay Later - Transaction Volume Trend Analysis (Million), 2019-2028
Figure 16: Saudi Arabia Buy Now Pay Later - Transaction Volume Trend Analysis (Million), 2019-2028
Figure 17: Saudi Arabia Buy Now Pay Later - Transaction Volume Trend Analysis (Million), 2019-2028
Figure 18: Saudi Arabia Buy Now Pay Later - Market Share by End-Use Sector, 2018 Vs. 2025
Figure 19: Saudi Arabia Buy Now Pay Later - Market Share by End-Use Sector, 2018 Vs. 2028
Figure 20: Saudi Arabia Buy Now Pay Later - Market Share by End-Use Sector, 2020 Vs. 2025
Figure 21: Saudi Arabia Buy Now Pay Later Retail Shopping - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2028
Figure 22: Saudi Arabia Buy Now Pay Later Retail Shopping - Average Value Per Transaction Trend Analysis (US$), 2222-2228
Figure 23: Saudi Arabia Buy Now Pay Later Retail Shopping - Transaction Volume Trend Analysis (Million), 2319-2328
Figure 24: Saudi Arabia Buy Now Pay Later Home Improvement - Gross Merchandise Value Trend Analysis (US$ Million), 2019-2028
Figure 25: Saudi Arabia Buy Now Pay Later Home Improvement - Average Value Per Transaction Trend Analysis (US$), 2019-2028
Figure 26: Saudi Arabia Buy Now Pay Later Home Improvement - Transaction Volume Trend Analysis (Million), 2019-2028
Figure 27: Saudi Arabia Buy Now Pay Later Leisure & Entertainment - Gross Merchandise Value Trend Analysis (US$ Million), 2019-2028
Figure 28: Saudi Arabia Buy Now Pay Later Leisure & Entertainment - Average Value Per Transaction Trend Analysis (US$), 2019-2028
Figure 29: Saudi Arabia Buy Now Pay Later Leisure & Entertainment - Transaction Volume Trend Analysis (Million), 2019-2028
Figure 30: Saudi Arabia Buy Now Pay Later Healthcare and Wellness - Gross Merchandise Value Trend Analysis (US$ Million), 2019-2030
Figure 31: Saudi Arabia Buy Now Pay Later Healthcare and Wellness - Average Value Per Transaction Trend Analysis (US$), 2019-2031
Figure 32: Saudi Arabia Buy Now Pay Later Healthcare and Wellness - Transaction Volume Trend Analysis (Million), 2019-2028
Figure 33: Saudi Arabia Buy Now Pay Later Other Segment - Gross Merchandise Value Trend Analysis (US$ Million), 2019-2028
Figure 34: Saudi Arabia Buy Now Pay Later Other Segment - Average Value Per Transaction Trend Analysis (US$), 2019-2028
Figure 35: Saudi Arabia Buy Now Pay Later Other Segment - Transaction Volume Trend Analysis (Million), 2019-2028
Figure 36: Saudi Arabia Buy Now Pay Later - Share by Age Group in Gross Merchandise Value Terms
Figure 37: Saudi Arabia Buy Now Pay Later - Share by Income Group in Value Terms
Figure 38: Saudi Arabia Buy Now Pay Later - Share by Gender in Value Terms
Figure 39: Buy Now Pay Later - Adoption Rationale Gross Merchandise Value Analysis

List of Tables
Table 1: Saudi Arabia Buy Now Pay Later - Gross Merchandise Value Trend Analysis (US$ Million), 2019-2028
Table 2: Saudi Arabia Buy Now Pay Later - Average Value Per Transaction Trend Analysis (US$), 2019-2028
Table 3: Saudi Arabia Buy Now Pay Later - Transaction Volume Trend Analysis (Million), 2019-2028
Table 4: Saudi Arabia Buy Now Pay Later - Revenues (Million), 2019-2028
Table 5: Saudi Arabia Buy Now Pay Later - Merchant Commission (Million), 2019-2028
Table 6: Saudi Arabia Buy Now Pay Later - Missed Payment Fee Revenue (Million), 2019-2028
Table 7: Saudi Arabia Buy Now Pay Later Pay Now & Other Income (Million), 2019-2028
Table 8: Saudi Arabia Buy Now Pay Later - Consumer Account Count, 2019-2028
Table 9: Saudi Arabia Buy Now Pay Later - Bad Debt (Million), 2019-2028
Table 10: Saudi Arabia Buy Now Pay Later - Transaction Volume Trend Analysis (Million), 2019-2028
Table 11: Saudi Arabia Buy Now Pay Later - Transaction Volume Trend Analysis (Million), 2019-2028
Table 12: Saudi Arabia Buy Now Pay Later Retail Shopping - Gross Merchandise Value Trend Analysis (US$ Million), 2019-2028
Table 13: Saudi Arabia Buy Now Pay Later Retail Shopping - Average Value Per Transaction Trend Analysis (US$), 2019-2028
Table 14: Saudi Arabia Buy Now Pay Later Retail Shopping - Transaction Volume Trend Analysis (Million), 2019-2028
Table 15: Saudi Arabia Buy Now Pay Later Home Improvement - Gross Merchandise Value Trend Analysis (US$ Million), 2019-2028
Table 16: Saudi Arabia Buy Now Pay Later Home Improvement - Average Value Per Transaction Trend Analysis (US$), 2019-2028
Table 17: Saudi Arabia Buy Now Pay Later Retail Shopping Home Improvement - Transaction Volume Trend Analysis (Million), 2019-2028
Table 18: Saudi Arabia Buy Now Pay Later Leisure & Entertainment - Gross Merchandise Value Trend Analysis (US$ Million), 2019-2028
Table 19: Saudi Arabia Buy Now Pay Later Leisure & Entertainment - Average Value Per Transaction Trend Analysis (US$), 2019-2028
Table 20: Saudi Arabia Buy Now Pay Later Leisure & Entertainment - Transaction Volume Trend Analysis (Million), 2019-2028
Table 21: Saudi Arabia Buy Now Pay Later Healthcare and Wellness - Gross Merchandise Value Trend Analysis (US$ Million), 2019-2028
Table 22: Saudi Arabia Buy Now Pay Later Healthcare and Wellness - Average Value Per Transaction Trend Analysis (US$), 2019-2028
Table 23: Saudi Arabia Buy Now Pay Later Healthcare and Wellness - Transaction Volume Trend Analysis (Million), 2019-2028
Table 24: Saudi Arabia Buy Now Pay Later Other Segment - Gross Merchandise Value Trend Analysis (US$ Million), 2019-2028
Table 25: Saudi Arabia Buy Now Pay Later Other Segment - Average Value Per Transaction Trend Analysis (US$), 2019-2028
Table 26: Saudi Arabia Buy Now Pay Later Other Segment - Transaction Volume Trend Analysis (Million), 2019-2028
Note: Product cover images may vary from those shown
  • tamara
  • Spotti
  • Tabby
  • Postpay
  • Cashew Payments
Note: Product cover images may vary from those shown

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