Global Buy Now Pay Later Business and Investment Opportunities Databook - 75+ KPIs on BNPL Market Size, End-Use Sectors, Market Share, Product Analysis, Business Model, Demographics - Q2 2023 Update

According to the publisher, the Global BNPL payments are expected to grow by 21.7% on an annual basis to reach US$527.9 billion in 2023.

Medium to long term growth story of Global BNPL industry remains strong. BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 12.7% during 2023-2028. The Global BNPL Gross Merchandise Value will increase from US$433.7 billion in 2022 to reach US$960.6 billion by 2028.

Global BNPL Payment industry has recorded strong growth over the last four quarters, supported by increased ecommerce penetration.

The buy now pay later payment method garnered mainstream adoption during the Covid-19 pandemic outbreak, along with the surging trend of online shopping globally. This has resulted in high transaction volume and value for BNPL providers.

The number of global BNPL users is also projected to increase significantly over the next five years, as major retailers such as Walmart are also planning to use introduce their own BNPL payment solutions. This along with the rising market for B2B BNPL is expected to assist the industry growth from the short to medium-term perspective.

The macroeconomic environment, while impacting the profit margins for BNPL firms, have again driven the demand for flexible payment solution among consumers. As the trend continues in 2023, the publisher expects robust growth for the global BNPL industry over the next three to four years.

Firms are forging strategic alliances to offer BNPL services to travelers in the Asia Pacific region

After two years of pandemic-induced restrictions, travel and tourism have recorded a strong rebound in 2022 and the trend is expected to further continue in 2023. Amid this pent-up travel demand, BNPL providers and travel-focused platforms are entering into strategic partnerships. For instance,

• In November 2022, Atome, one of the leading BNPL providers in the Asia Pacific region, announced that the firm had entered into a strategic collaboration with Trip.com. Under the partnership, Trip.com will allow travelers to book flights and accommodations using the BNPL payment service offered by Atome. Initially, the service will be launched in Singapore, before rolling out across the Asia Pacific region in 2023.

These trends are visible across the world. In November 2022, Afterpay also forged a similar collaboration with Expedia, allowing travelers to fund their travel activities through the BNPL payment method. In 2023, more such strategic collaborations are expected to take place globally.

BNPL providers are targeting in-store transactions to drive the next growth phase in the segment

The online BNPL space has saturated with several providers fighting for the same consumer. With the competition in the space increasing, firms are now targeting in-store BNPL transactions globally.

• In December 2022, Tabby, one of the leading BNPL providers in the Middle East region, announced that the firm had entered into a strategic collaboration with Al-Futtaim Malls. Under the partnership, Tabby will offer flexible payment methods to in-store shoppers at Dubai Festival City Mall and Festival Plaza.
• In October 2022, Zip, an Australia-based BNPL provider, forged a strategic partnership with WebBank to launch a physical BNPL card as it seeks to make inroads into the growing in-store shopping trends. The physical payment card allows consumers to make BNPL payments wherever Visa is accepted.

The move to drive market share through capturing in-store transactions comes at a time when online BNPL space is saturating. With little to no-differentiating factor, more BNPL players are projected to refocus their efforts on driving growth through in-store transactions from the short to medium-term perspective.

Fintech firms continue to raise funding to expand their BNPL products globally

Despite the regulatory hurdles faced by BNPL providers around the world, fintech firms have continued to raise funding rounds from investors amid the growing consumer demand for flexible payment solutions. For instance,

• In December 2022, Curve, the UK-based fintech firm, announced that the firm had entered into a strategic agreement and landed US$1 billion in funding from Credit Suisse. The credit facility will enable Curve to further expand its BNPL product across the United Kingdom, the European Union, and the United States. In 2023, the firm is also planning to launch a new feature, similar to the BNPL lending product for consumers both in-app and in-browser. Currently, the firm has more than 4 million users globally.

The B2B BNPL space has also gained rapid momentum in 2022. Many of the leading B2B BNPL providers, such as Mondu, Billie, Playter, and Kontempo, have raised multi-million dollars in investment from venture capital and private equity firms. With the demand for credit expected to further increase among businesses, that are struggling with cash flow due to the pandemic ripple effects, unstable macroeconomic conditions, and ongoing supply chain issues, the publisher expects B2B BNPL firms to further raise funding rounds from the short to medium-term perspective.

This global report provides a detailed analysis of Buy Now Pay Later (BNPL) industry at global and country level, covering market opportunities and risks across a range of retail categories. With over 75 KPIs at country level, this report provides a comprehensive understanding of BNPL market dynamics, market size and forecast, and market share statistics.

It breaks down market opportunity by type of business model, sales channels (offline and online), and distribution models. In addition, it provides a snapshot of consumer behaviour and retail spend dynamics. KPIs in both value and volume term help in getting in-depth understanding of end market dynamics.

The research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view on emerging business and investment market opportunities.

This title is a bundled offering, combining the following 22 reports (1210 tables and 1540 charts):

1. Global Buy Now Pay Later Insight Brief
2. Global Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
3. Argentina Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
4. Australia Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
5. Brazil Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
6. Canada Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
7. China Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
8. France Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
9. Germany Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
10. India Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
11. Indonesia Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
12. Italy Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
13. Kenya Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
14. Mexico Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
15. Nigeria Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
16. Philippines Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
17. Russia Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
18. South Africa Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
19. Thailand Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
20. United Arab Emirates Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
21. United Kingdom Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
22. United States Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook

Scope

Country reports in this bundled offering provide in-depth analysis of Buy Now Pay Later industry. Below is a summary of key market segments offered at country level:

Global BNPL Market Size and Spending Pattern, 2019-2028

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

Global Buy Now Pay Later Revenue Analysis, 2019-2028

• Buy Now Pay Later Revenues
• Buy Now Pay Later Share by Revenue Segments
• Buy Now Pay Later Revenue by Merchant Commission
• Buy Now Pay Later Revenue by Missed Payment Fee Revenue
• Buy Now Pay Later Revenue by Pay Now & Other Income

Global Buy Now Pay Later Operational KPIs & Statistics, 2019-2028

• Buy Now Pay Later Active Consumer Base
• Buy Now Pay Later Bad Debt

Global BNPL by Purpose, 2019-2028

• Convenience - Short Term Loans
• Credit - Long Term Loans

Global BNPL by Business Model, 2019-2028

• Two-Party (BNPL offered by retailers)
• Three-Party BNPL Offering

Global BNPL by Merchant Ecosystem, 2019-2028

• Open Loop System
• Closed Loop System

Global BNPL by Distribution Model Analysis, 2019-2028

• Standalone
• Banks & Payment Service Providers
• Marketplaces

Global Buy Now Pay Later Market Share Analysis by Key Players

Global BNPL Analysis by Channel, 2019-2028

• Online Channel
• POS Channel

Global Buy Now Pay Later in Retail Shopping: Market Size and Forecast, 2019-2028

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

Global Buy Now Pay Later in Home Improvement: Market Size and Forecast, 2019-2028

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

Global Buy Now Pay Later in Travel/Entertainment: Market Size and Forecast, 2019-2028

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

Global Buy Now Pay Later in Services: Market Size and Forecast, 2019-2028

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

Global Buy Now Pay Later in Automotive: Market Size and Forecast, 2019-2028

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

Global Buy Now Pay Later in Healthcare and Wellness: Market Size and Forecast, 2019-2028

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

Global Buy Now Pay Later in Groceries: Market Size and Forecast

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

Global Buy Now Pay Later Analysis by Consumer Attitude and Behaviour

• Sales Uplift by Product Category
• Share by Age Group
• Share by Income
• Share by Gender
• Adoption Rationale

Reasons to buy

• Get a comprehensive understanding of market dynamics for Buy Now Pay Later: Identify market opportunities, major trends, and forecasting (2019-2028). Understand market trends through crucial KPIs like Gross Merchandise Value, Volume, and Average Value per Transaction, to stay ahead of the curve.
• Insights by end-use sectors: Evaluate new opportunities across multiple end-use sectors, and obtain market dynamics by end-use sectors in order to swiftly catch up with the latest and upcoming developments in BNPL markets.
• Market-specific strategies: Identify growth segments focused on specific opportunities, and analysing market-specific risks and important trends in the BNPL sector with our exclusive blend of quantitative forecasting and innovative insights.
• Gain knowledge of consumer attitudes and actions: This report identifies and interprets important Buy Now Pay Later KPIs, such as spend by age, gender, and income level, using data from a proprietary survey.
• Develop proactive and lucrative business strategies through market intelligence and forward-looking analysis of BNPL market spend and major opportunities in Global.