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United Kingdom 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: 5304990
  • Report
  • June 2021
  • Region: United Kingdom
  • 50 pages
  • PayNXT360

FEATURED COMPANIES

  • AppToPay
  • Divido
  • IKEA
  • Laybuy
  • Payl8r
  • Perkbox

According to the analysis, the BNPL market in the United Kingdom recorded an annual growth of 61.1% in 2020. The key drivers behind the strong growth of BNPL services in the United Kingdom include pent-up demand, the shift from credit cards to debit cards, and the need to manage finances effectively. The substantial growth of the BNPL services is also encouraging multinational BNPL service providers to invest in the market.

As more and more consumers are opting for the deferred payment solution in the United Kingdom, the potential for savings on membership fees and interest payments is likely to increase. However, with the market expected to experience double-digit growth over the next few years, it is imperative that the frameworks which govern the flexible payment solution also adapt to ensure that the industry continues to be trustworthy.

The significant growth of the BNPL flexible payment model is largely benefiting the major BNPL providers such as Klarna, Laybuy, ClearPay, and PayPal Credit in the United Kingdom. Klarna is considered to be the market leader, with nearly 10 million registered customers in the country. Moreover, the BNPL provider is recording strong growth of new users, with 95,000 customers adopting the deferred payment platform each week in the United Kingdom.

BNPL services targeting direct-to-consumer is rising. Most of the BNPL schemes in the United Kingdom and worldwide are run by third parties. BNPL firms deal with online retailers (e-commerce platforms) and integrate their product offerings in their checkout options along with other payment methods. For instance, Zilch, the London-based BNPL startup, has entirely bypassed the need to integrate its product offering into the checkout process of e-commerce providers, as done by major BNPL firms worldwide. The key differentiation with Zilch has been their partnership with MasterCard.

Medium to long term growth story of BNPL industry in United Kingdom remains strong. The BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 21.7% during 2021-2028. The BNPL Gross Merchandise Value in the country will increase from US$ 5827.2 million in 2020 to reach US$ 35298.2 million by 2028.

Scope

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

United Kingdom BNPL Market Size and Spending Pattern

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

United Kingdom Buy Now Pay Later Market Share Analysis by Key Players


United Kingdom Buy Now Pay Later Spend Analysis by Channel: Market Size and Forecast

  • Online Channel
  • POS Channel

United Kingdom 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

United Kingdom 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

United Kingdom 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

United Kingdom 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

United Kingdom 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

United Kingdom 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

United Kingdom 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 targeting direct-to-consumer is rising in the United Kingdom. Rather than partnering with individual retailers and e-commerce platforms, Zilch, the London-based BNPL startup, partnered with MasterCard to create a payment card for users. When used at the checkout page, the card triggers users to pay in installments using the BNPL service.
  • 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

  • AppToPay
  • Divido
  • IKEA
  • Laybuy
  • Payl8r
  • Perkbox
1. About this Report
1.1 Summary
1.2 Methodology
1.3 Disclaimer

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

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

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

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

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

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

12. United Kingdom 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: United Kingdom Buy Now Pay Later - GMV and Adoption Rationale
Figure 3: United Kingdom Buy Now Pay Later - Share by Gender and Age Group
Figure 4: United Kingdom Buy Now Pay Later - Market Share Analysis by Key Players (%)
Figure 5: United Kingdom Buy Now Pay Later - Gross Merchandise Value Trend Analysis (US$ Million), 5019-5058
Figure 6: United Kingdom Buy Now Pay Later - Average Value Per Transaction Trend Analysis (US$), 2019-2028
Figure 7: United Kingdom Buy Now Pay Later - Transaction Volume Trend Analysis (Million), 2019-2028
Figure 8: United Kingdom Buy Now Pay Later - Revenues (Million), 2019-2028
Figure 9: Buy Now Pay Later Share by Revenue Segments
Figure 10: United Kingdom Buy Now Pay Later - Merchant Commission (Million), 2019-20210
Figure 11: United Kingdom Buy Now Pay Later - Missed Payment Fee Revenue (Million), 20111-20211
Figure 12: United Kingdom Buy Now Pay Later Pay Now & Other Income (Million), 20112-2028
Figure 13: United Kingdom Buy Now Pay Later - Consumer Account Count, 2019-2028
Figure 14: United Kingdom Buy Now Pay Later - Bad Debt (Million), 2019-2028
Figure 15: United Kingdom Buy Now Pay Later - Transaction Volume Trend Analysis (Million), 2019-2028
Figure 16: United Kingdom Buy Now Pay Later - Transaction Volume Trend Analysis (Million), 2019-2028
Figure 17: United Kingdom Buy Now Pay Later - Transaction Volume Trend Analysis (Million), 2019-2028
Figure 18: United Kingdom Buy Now Pay Later - Market Share by End-Use Sector, 2018 Vs. 2025
Figure 19: United Kingdom Buy Now Pay Later - Market Share by End-Use Sector, 2018 Vs. 2028
Figure 20: United Kingdom Buy Now Pay Later - Market Share by End-Use Sector, 2020 Vs. 2025
Figure 21: United Kingdom Buy Now Pay Later Retail Shopping - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2028
Figure 22: United Kingdom Buy Now Pay Later Retail Shopping - Average Value Per Transaction Trend Analysis (US$), 2222-2228
Figure 23: United Kingdom Buy Now Pay Later Retail Shopping - Transaction Volume Trend Analysis (Million), 2319-2328
Figure 24: United Kingdom Buy Now Pay Later Home Improvement - Gross Merchandise Value Trend Analysis (US$ Million), 2019-2028
Figure 25: United Kingdom Buy Now Pay Later Home Improvement - Average Value Per Transaction Trend Analysis (US$), 2019-2028
Figure 26: United Kingdom Buy Now Pay Later Home Improvement - Transaction Volume Trend Analysis (Million), 2019-2028
Figure 27: United Kingdom Buy Now Pay Later Leisure & Entertainment - Gross Merchandise Value Trend Analysis (US$ Million), 2019-2028
Figure 28: United Kingdom Buy Now Pay Later Leisure & Entertainment - Average Value Per Transaction Trend Analysis (US$), 2019-2028
Figure 29: United Kingdom Buy Now Pay Later Leisure & Entertainment - Transaction Volume Trend Analysis (Million), 2019-2028
Figure 30: United Kingdom Buy Now Pay Later Healthcare and Wellness - Gross Merchandise Value Trend Analysis (US$ Million), 2019-2030
Figure 31: United Kingdom Buy Now Pay Later Healthcare and Wellness - Average Value Per Transaction Trend Analysis (US$), 2019-2031
Figure 32: United Kingdom Buy Now Pay Later Healthcare and Wellness - Transaction Volume Trend Analysis (Million), 2019-2028
Figure 33: United Kingdom Buy Now Pay Later Other Segment - Gross Merchandise Value Trend Analysis (US$ Million), 2019-2028
Figure 34: United Kingdom Buy Now Pay Later Other Segment - Average Value Per Transaction Trend Analysis (US$), 2019-2028
Figure 35: United Kingdom Buy Now Pay Later Other Segment - Transaction Volume Trend Analysis (Million), 2019-2028
Figure 36: United Kingdom Buy Now Pay Later - Share by Age Group in Gross Merchandise Value Terms
Figure 37: United Kingdom Buy Now Pay Later - Share by Income Group in Value Terms
Figure 38: United Kingdom 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: United Kingdom Buy Now Pay Later - Gross Merchandise Value Trend Analysis (US$ Million), 2019-2028
Table 2: United Kingdom Buy Now Pay Later - Average Value Per Transaction Trend Analysis (US$), 2019-2028
Table 3: United Kingdom Buy Now Pay Later - Transaction Volume Trend Analysis (Million), 2019-2028
Table 4: United Kingdom Buy Now Pay Later - Revenues (Million), 2019-2028
Table 5: United Kingdom Buy Now Pay Later - Merchant Commission (Million), 2019-2028
Table 6: United Kingdom Buy Now Pay Later - Missed Payment Fee Revenue (Million), 2019-2028
Table 7: United Kingdom Buy Now Pay Later Pay Now & Other Income (Million), 2019-2028
Table 8: United Kingdom Buy Now Pay Later - Consumer Account Count, 2019-2028
Table 9: United Kingdom Buy Now Pay Later - Bad Debt (Million), 2019-2028
Table 10: United Kingdom Buy Now Pay Later - Transaction Volume Trend Analysis (Million), 2019-2028
Table 11: United Kingdom Buy Now Pay Later - Transaction Volume Trend Analysis (Million), 2019-2028
Table 12: United Kingdom Buy Now Pay Later Retail Shopping - Gross Merchandise Value Trend Analysis (US$ Million), 2019-2028
Table 13: United Kingdom Buy Now Pay Later Retail Shopping - Average Value Per Transaction Trend Analysis (US$), 2019-2028
Table 14: United Kingdom Buy Now Pay Later Retail Shopping - Transaction Volume Trend Analysis (Million), 2019-2028
Table 15: United Kingdom Buy Now Pay Later Home Improvement - Gross Merchandise Value Trend Analysis (US$ Million), 2019-2028
Table 16: United Kingdom Buy Now Pay Later Home Improvement - Average Value Per Transaction Trend Analysis (US$), 2019-2028
Table 17: United Kingdom Buy Now Pay Later Retail Shopping Home Improvement - Transaction Volume Trend Analysis (Million), 2019-2028
Table 18: United Kingdom Buy Now Pay Later Leisure & Entertainment - Gross Merchandise Value Trend Analysis (US$ Million), 2019-2028
Table 19: United Kingdom Buy Now Pay Later Leisure & Entertainment - Average Value Per Transaction Trend Analysis (US$), 2019-2028
Table 20: United Kingdom Buy Now Pay Later Leisure & Entertainment - Transaction Volume Trend Analysis (Million), 2019-2028
Table 21: United Kingdom Buy Now Pay Later Healthcare and Wellness - Gross Merchandise Value Trend Analysis (US$ Million), 2019-2028
Table 22: United Kingdom Buy Now Pay Later Healthcare and Wellness - Average Value Per Transaction Trend Analysis (US$), 2019-2028
Table 23: United Kingdom Buy Now Pay Later Healthcare and Wellness - Transaction Volume Trend Analysis (Million), 2019-2028
Table 24: United Kingdom Buy Now Pay Later Other Segment - Gross Merchandise Value Trend Analysis (US$ Million), 2019-2028
Table 25: United Kingdom Buy Now Pay Later Other Segment - Average Value Per Transaction Trend Analysis (US$), 2019-2028
Table 26: United Kingdom Buy Now Pay Later Other Segment - Transaction Volume Trend Analysis (Million), 2019-2028
Note: Product cover images may vary from those shown
  • Klarna
  • Clearpay
  • Laybuy
  • Payl8r
  • Openpay
  • paypal
  • Zilch
  • Playter Pay
  • Zip
  • Divido
  • Perkbox
  • ezyVet
  • IKEA
  • AppToPay
Note: Product cover images may vary from those shown

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