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Philippines 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: 5305016
  • Report
  • June 2021
  • Region: Philippines
  • 50 Pages
  • PayNXT360

FEATURED COMPANIES

  • BillEase
  • Cashalo
  • Grab Pay Later
  • Plentina
  • Spotti
  • TendoPay

After being negatively impacted by the global pandemic, consumer spending in the Philippines is expected to bounce back in 2021. Consequently, buy now pay later (BNPL) firms look set to advantage of the Filipino consumers' eagerness to open their wallets again. The growth of the BNPL sector in the country speaks about the convenience it has to offer and the fact that Filipinos are willing to manage their budget much more optimally. According to the Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 66.6% on annual basis to reach US$ 350.1 million in 2021.

A large chunk of the Filipino population remains unbanked in the country. This is also expected to drive the adoption of BNPL services among more consumers in the Philippines. Notably, the remoteness of physical bank branches and the stringent requirements of traditional lenders are some of the other key reasons behind the projected growth of the deferred payment service in the Philippines.

In the last five years, a lot of companies have launched their deferred payments services in the country. BillEase, operated by the First Digital Finance Corporation (FDFC), is one such BNPL service that offers consumers short-term loans at interest rates ranging from 0% to 5%. Apart from BillEase, Manila-based Jungle, Hong Kong-based Cashalo, and TendoPay are the other BNPL providers who are looking to capitalize in the credit-starved market of the Philippines.

There is no sophisticated credit scoring system in the Philippines, which would have given BNPL providers a reliable gauge for the risk in extending credit. For this reason, deferred payment providers have to be careful and aware of the increase in fraud risk as well as credit risk when lending to consumers in the Philippines.

Medium to long term growth story of BNPL industry in Philippines remains strong. The BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 27.4% during 2021-2028. The BNPL Gross Merchandise Value in the country will increase from US$ 210.2 million in 2020 to reach US$ 1,911.8 million by 2028.

Scope

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

Philippines BNPL Market Size and Spending Pattern

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

Philippines Buy Now Pay Later Market Share Analysis by Key Players


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

  • Online Channel
  • POS Channel

Philippines 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

Philippines 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

Philippines 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

Philippines 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

Philippines 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

Philippines 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

Philippines 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

  • In the Philippines, BNPL startups are entering into a strategic partnership with big retailers to offer more consumers a deferred payment option. For instance, the US-based Plentina, which offers BNPL service in the Philippines, entered into a strategic agreement with Philippine Seven Corporation, the operator of 7-Eleven in the country.
  • 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

  • BillEase
  • Cashalo
  • Grab Pay Later
  • Plentina
  • Spotti
  • TendoPay
1. About this Report
1.1 Summary
1.2 Methodology
1.3 Disclaimer

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

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

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

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

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

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

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

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