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

  • ID: 5305018
  • Report
  • February 2021
  • Region: Nigeria
  • 50 pages
  • PayNXT360

FEATURED COMPANIES

  • Costco Wholesale Corp
  • Danone, Groupe
  • HE Butt Grocery Co
  • Home Depot Inc, The
  • Seven & I Holdings Co Ltd
  • Wal-Mart Stores Inc
The penetration of pay-later cards in Nigeria is low at 0.7 cards per 100 individuals, lagging behind peer countries including Egypt and South Africa. The adoption of credit cards in Nigeria was stalled owing to economic uncertainty in the country, which led banks to become conscious about consumer lending. However, going forward, the BNPL is expected to grow backed by consumer internet in credit especially among high income consumers and middle-class population.

According to the Q4 2020 BNPL Survey, BNPL payment in the country is expected to grow by 56.7% on annual basis to reach US$ 1328.6 million in 2021.

Medium to long term growth story of BNPL industry in Nigeria remains strong. The BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 18.4% during 2021-2028. The BNPL Gross Merchandise Value in the country will increase from US$ 847.9 million in 2020 to reach US$ 4332.2 million by 2028.

This report provides a comprehensive view on size and structure, industry dynamics, market trends, consumer attitude and behaviour, and competitive landscape in Buy Now Pay Later industry in Nigeria. The report focuses on data-centric analysis of Buy Now Pay Later market dynamics to help companies understand business and investment opportunities along with risks.

It details market opportunities across 40 market segments in Buy Now Pay Later for the period 2019-2028 and identifies opportunities in Nigeria. It captures essential KPIs such as Gross Merchandise Value, Volume, and Average Value Per Transaction across end-use segments.

Scope

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

Nigeria BNPL Market Size and Spending Pattern
  • Gross Merchandise Value Trend Analysis
  • Average Value Per Transaction Trend Analysis
  • Transaction Volume Trend Analysis
Nigeria Buy Now Pay Later Market Share Analysis by Key Players

Nigeria Buy Now Pay Later Spend Analysis by Channel: Market Size and Forecast
  • Online Channel
  • POS Channel
Nigeria 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
Nigeria 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
Nigeria 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
Nigeria 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
Nigeria 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
Nigeria 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
Nigeria 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-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.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Costco Wholesale Corp
  • Danone, Groupe
  • HE Butt Grocery Co
  • Home Depot Inc, The
  • Seven & I Holdings Co Ltd
  • Wal-Mart Stores Inc
1. About this Report
1.1 Summary
1.2 Scope
1.3 Methodology
1.4 Disclaimer

2. Nigeria Buy Now Pay Later Industry Attractiveness
2.1 Nigeria Buy Now Pay Later - Gross Merchandise Value Trend Analysis, 2019-2028
2.2 Nigeria Buy Now Pay Later - Average Value Per Transaction Trend Analysis, 2019-2028
2.3 Nigeria Buy Now Pay Later - Transaction Volume Trend Analysis, 2019-2028

3. Nigeria Buy Now Pay Later Operational KPIs
3.1 Buy Now Pay Later Revenues, 2019 - 2028
3.2 Buy Now Pay Later Share by Revenue Segments
3.3 Buy Now Pay Later Merchant Commission, 2019 - 2028
3.4 Buy Now Pay Later Missed Payment Fee Revenue, 2019 - 2028
3.5 Buy Now Pay Later Pay Now & Other Income, 2019 - 2028
3.6 Buy Now Pay Later Active Consumer Base, 2019 - 2028
3.7 Buy Now Pay Later Bad Debt, 2019 - 2028

4. Nigeria Buy Now Pay Later Spend Analysis by Channel
4.1 Buy Now Pay Later Market Share by Channel, 2019 - 2028
4.2 Buy Now Pay Later Online Channel Market Size and Forecast, 2019 - 2028
4.3 Buy Now Pay Later POS Channel Market Size and Forecast, 2019 - 2028

5. Nigeria Buy Now Pay Later Snapshot by End-Use Sector
5.1 Buy Now Pay Later Market Share by End-Use Sector - Emerging Avenues and Future Growth Prospects
5.2 Buy Now Pay Later Sales Uplift by End-Use Sector
5.3 Buy Now Pay Later Share by Retail Product Category

6. Nigeria Buy Now Pay Later in Retail Shopping: Market Size and Forecast, 2019 - 2028
6.1 Nigeria Buy Now Pay Later Retail Shopping - Gross Merchandise Value Trend Analysis, 2019-2028
6.2 Nigeria Buy Now Pay Later Retail Shopping - Average Value Per Transaction Trend Analysis, 2019-2028
6.3 Nigeria Buy Now Pay Later Retail Shopping - Transaction Volume Trend Analysis, 2019-2028

7. Nigeria Buy Now Pay Later in Home Improvement: Market Size and Forecast, 2019 - 2028
7.1 Nigeria Buy Now Pay Later Home Improvement - Gross Merchandise Value Trend Analysis, 2019-2028
7.2 Nigeria Buy Now Pay Later Home Improvement - Average Value Per Transaction Trend Analysis, 2019-2028
7.3 Nigeria Buy Now Pay Later Home Improvement - Transaction Volume Trend Analysis, 2019-2028

8. Nigeria Buy Now Pay Later in Leisure & Entertainment: Market Size and Forecast, 2019 - 2028
8.1 Nigeria Buy Now Pay Later Leisure & Entertainment - Gross Merchandise Value Trend Analysis, 2019-2028
8.2 Nigeria Buy Now Pay Later Leisure & Entertainment - Average Value Per Transaction Trend Analysis, 2019-2028
8.3 Nigeria Buy Now Pay Later Leisure & Entertainment - Transaction Volume Trend Analysis, 2019-2028

9. Nigeria Buy Now Pay Later in Healthcare and Wellness: Market Size and Forecast, 2019 - 2028
9.1 Nigeria Buy Now Pay Later Healthcare and Wellness - Gross Merchandise Value Trend Analysis, 2019-2028
9.2 Nigeria Buy Now Pay Later Healthcare and Wellness - Average Value Per Transaction Trend Analysis, 2019-2028
9.3 Nigeria Buy Now Pay Later Healthcare and Wellness - Transaction Volume Trend Analysis, 2019-2028

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

11. Nigeria Buy Now Pay Later Analysis by Consumer Attitude and Behaviour
11.1 Buy Now Pay Later Spend Share by Age Group
11.2 Buy Now Pay Later Gross Merchandise Share by Income
11.3 Buy Now Pay Later Gross Merchandise Value Share by Gender
11.4 Buy Now Pay Later Adoption Rationale Gross Merchandise Value Analysis

12. Further Reading
12.1 About the Publisher
12.2 Related Research
12.3 The Knowledge Center

List of Figures
Figure 1: Methodology Framework
Figure 2: Nigeria Buy Now Pay Later - Gross Merchandise Value Trend Analysis (US$ Million), 2019-2028
Figure 3: Nigeria Buy Now Pay Later - Average Value Per Transaction Trend Analysis (US$), 2019-2028
Figure 4: Nigeria Buy Now Pay Later - Transaction Volume Trend Analysis (Million), 2019-2028
Figure 5: Nigeria Buy Now Pay Later - Revenues (Million), 2019-2028
Figure 6: Buy Now Pay Later Share by Revenue Segments
Figure 7: Nigeria Buy Now Pay Later - Merchant Commission (Million), 2019-2028
Figure 8: Nigeria Buy Now Pay Later - Missed Payment Fee Revenue (Million), 2019-2028
Figure 9: Nigeria Buy Now Pay Later Pay Now & Other Income (Million), 2019-2028
Figure 10: Nigeria Buy Now Pay Later - Active Consumer Base, 2019-2028
Figure 11: Nigeria Buy Now Pay Later - Bad Debt (Million), 2019-2028
Figure 12: Nigeria Buy Now Pay Later - Transaction Volume Trend Analysis (Million), 2019-2028
Figure 13: Nigeria Buy Now Pay Later - Transaction Volume Trend Analysis (Million), 2019-2028
Figure 14: Nigeria Buy Now Pay Later - Transaction Volume Trend Analysis (Million), 2019-2028
Figure 15: Nigeria Buy Now Pay Later - Market Share by End-Use Sector, 2018 Vs. 2025
Figure 16: Nigeria Buy Now Pay Later - Market Share by End-Use Sector, 2018 Vs. 2028
Figure 17: Nigeria Buy Now Pay Later - Market Share by End-Use Sector, 2018 Vs. 2025
Figure 18: Nigeria Buy Now Pay Later Retail Shopping - Gross Merchandise Value Trend Analysis (US$ Million), 2019-2028
Figure 19: Nigeria Buy Now Pay Later Retail Shopping - Average Value Per Transaction Trend Analysis (US$), 2019-2028
Figure 20: Nigeria Buy Now Pay Later Retail Shopping - Transaction Volume Trend Analysis (Million), 2019-2028
Figure 21: Nigeria Buy Now Pay Later Home Improvement - Gross Merchandise Value Trend Analysis (US$ Million), 2019-2028
Figure 22: Nigeria Buy Now Pay Later Home Improvement - Average Value Per Transaction Trend Analysis (US$), 2019-2028
Figure 23: Nigeria Buy Now Pay Later Home Improvement - Transaction Volume Trend Analysis (Million), 2019-2028
Figure 24: Nigeria Buy Now Pay Later Leisure & Entertainment - Gross Merchandise Value Trend Analysis (US$ Million), 2019-2028
Figure 25: Nigeria Buy Now Pay Later Leisure & Entertainment - Average Value Per Transaction Trend Analysis (US$), 2019-2028
Figure 26: Nigeria Buy Now Pay Later Leisure & Entertainment - Transaction Volume Trend Analysis (Million), 2019-2028
Figure 27: Nigeria Buy Now Pay Later Healthcare and Wellness - Gross Merchandise Value Trend Analysis (US$ Million), 2019-2028
Figure 28: Nigeria Buy Now Pay Later Healthcare and Wellness - Average Value Per Transaction Trend Analysis (US$), 2019-2028
Figure 29: Nigeria Buy Now Pay Later Healthcare and Wellness - Transaction Volume Trend Analysis (Million), 2019-2028
Figure 30: Nigeria Buy Now Pay Later Other Segment - Gross Merchandise Value Trend Analysis (US$ Million), 2019-2028
Figure 31: Nigeria Buy Now Pay Later Other Segment - Average Value Per Transaction Trend Analysis (US$), 2019-2028
Figure 32: Nigeria Buy Now Pay Later Other Segment - Transaction Volume Trend Analysis (Million), 2019-2028
Figure 33: Nigeria Buy Now Pay Later - Share by Age Group in Gross Merchandise Value Terms
Figure 34: Nigeria Buy Now Pay Later - Share by Income Group in Value Terms
Figure 35: Nigeria Buy Now Pay Later - Share by Gender in Value Terms
Figure 36: Buy Now Pay Later - Adoption Rationale Gross Merchandise Value Analysis

List of Tables
Table 1: Nigeria Buy Now Pay Later - Gross Merchandise Value Trend Analysis (US$ Million), 2019-2028
Table 2: Nigeria Buy Now Pay Later - Average Value Per Transaction Trend Analysis (US$), 2019-2028
Table 3: Nigeria Buy Now Pay Later - Transaction Volume Trend Analysis (Million), 2019-2028
Table 4: Nigeria Buy Now Pay Later - Revenues (Million), 2019-2028
Table 5: Nigeria Buy Now Pay Later - Merchant Commission (Million), 2019-2028
Table 6: Nigeria Buy Now Pay Later - Missed Payment Fee Revenue (Million), 2019-2028
Table 7: Nigeria Buy Now Pay Later Pay Now & Other Income (Million), 2019-2028
Table 8: Nigeria Buy Now Pay Later - Active Consumer Base, 2019-2028
Table 9: Nigeria Buy Now Pay Later - Bad Debt (Million), 2019-2028
Table 10: Nigeria Buy Now Pay Later - Transaction Volume Trend Analysis (Million), 2019-2028
Table 11: Nigeria Buy Now Pay Later - Transaction Volume Trend Analysis (Million), 2019-2028
Table 12: Nigeria Buy Now Pay Later Retail Shopping - Gross Merchandise Value Trend Analysis (US$ Million), 2019-2028
Table 13: Nigeria Buy Now Pay Later Retail Shopping - Average Value Per Transaction Trend Analysis (US$), 2019-2028
Table 14: Nigeria Buy Now Pay Later Retail Shopping - Transaction Volume Trend Analysis (Million), 2019-2028
Table 15: Nigeria Buy Now Pay Later Home Improvement - Gross Merchandise Value Trend Analysis (US$ Million), 2019-2028
Table 16: Nigeria Buy Now Pay Later Home Improvement - Average Value Per Transaction Trend Analysis (US$), 2019-2028
Table 17: Nigeria Buy Now Pay Later Retail Shopping Home Improvement - Transaction Volume Trend Analysis (Million), 2019-2028
Table 18: Nigeria Buy Now Pay Later Leisure & Entertainment - Gross Merchandise Value Trend Analysis (US$ Million), 2019-2028
Table 19: Nigeria Buy Now Pay Later Leisure & Entertainment - Average Value Per Transaction Trend Analysis (US$), 2019-2028
Table 20: Nigeria Buy Now Pay Later Leisure & Entertainment - Transaction Volume Trend Analysis (Million), 2019-2028
Table 21: Nigeria Buy Now Pay Later Healthcare and Wellness - Gross Merchandise Value Trend Analysis (US$ Million), 2019-2028
Table 22: Nigeria Buy Now Pay Later Healthcare and Wellness - Average Value Per Transaction Trend Analysis (US$), 2019-2028
Table 23: Nigeria Buy Now Pay Later Healthcare and Wellness - Transaction Volume Trend Analysis (Million), 2019-2028
Table 24: Nigeria Buy Now Pay Later Other Segment - Gross Merchandise Value Trend Analysis (US$ Million), 2019-2028
Table 25: Nigeria Buy Now Pay Later Other Segment - Average Value Per Transaction Trend Analysis (US$), 2019-2028
Table 26: Nigeria Buy Now Pay Later Other Segment - Transaction Volume Trend Analysis (Million), 2019-2028
Note: Product cover images may vary from those shown
  • Wal-Mart Stores Inc
  • Organización Soriana SAB de CV
  • Grupo Comercial Chedraui Sa de CV
  • Controladora Comercial Mexicana SAB de CV
  • Farmacias Similares SA de CV
  • Corporativo Fragua Sa de CV
  • Home Depot Inc, The
  • Inditex, Industria de Diseño Textil SA
  • Costco Wholesale Corp
  • Seven & I Holdings Co Ltd
  • HE Butt Grocery Co
  • Danone, Groupe
  • Supermercados Organizados SA de CV
Note: Product cover images may vary from those shown

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