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Mexico 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: 5305022
  • Report
  • June 2021
  • Region: Mexico
  • 50 pages
  • PayNXT360

FEATURED COMPANIES

  • Aplazo
  • Atrato
  • Círculo de Crédito
  • Graviti
  • Kueski Pay
  • Nelo

The buy now, pay later (BNPL) segment has been gaining its market quite rapidly across the world. However, the BNPL service has not yet taken off in the Mexican market. While the BNPL lending model is still in its early stages of development in the country, the publisher expects that access to consumer information has been a significant obstacle to the growth of the Mexican BNPL sector. The lack of access to consumer information is largely attributed to the fact that more than half of the population in Mexico is unbanked. According to the Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 132.3% on annual basis to reach US$ 1993.3 million in 2021.

In recent years, the significant growth in the e-commerce industry has created an impressive growth opportunity for the fintech companies and BNPL segment in Mexico. Notably, Mexico is the second-largest Latin American country in terms of population, wherein a substantial chunk of the population is already shopping online.

Mexican startups are disrupting the BNPL space by analyzing potential risks. For instance, Nelo, the Mexican BNPL startup, has already proven that offering financial products to analyze better the risk of potential borrowers works for launching a successful BNPL product. In January 2020, the BNPL provider launched their first financial product for consumers in Mexico. The product was quite similar to a debit card offered by a neobank.

Rising in-store partnerships are also driving the BNPL market growth. Atrato, Mexico City-based BNPL service, has partnered with both online as well as brick-and-mortar retailers in the region to offer its BNPL service to consumers. From bicycle stores to dental aligners, Atrato has partnered with different offline retailers to grow its user base and expand its market share in the country. With the popularity of flexible payment services growing in Mexico, the publisher expects more BNPL firms to strengthen their in-store network to attract new borrowers.

Medium to long term growth story of BNPL industry in Mexico remains strong. The BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 38.7% during 2021-2028. The BNPL Gross Merchandise Value in the country will increase from US$ 858.0 million in 2020 to reach US$ 19,707.0 million by 2028.

Scope

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

Mexico BNPL Market Size and Spending Pattern

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

Mexico Buy Now Pay Later Market Share Analysis by Key Players


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

  • Online Channel
  • POS Channel

Mexico 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

Mexico 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

Mexico 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

Mexico 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

Mexico 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

Mexico 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

Mexico 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

  • Mexican startups are disrupting the BNPL space by analyzing potential risks. Assessing consumer credit is a big problem that most BNPL companies are experiencing firsthand in the country. Therefore, emerging BNPL providers such as Nelo looking to disrupt the flexible payment space with an innovative route. In January 2020, the company launched its first financial product for consumers in Mexico.
  • 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

  • Aplazo
  • Atrato
  • Círculo de Crédito
  • Graviti
  • Kueski Pay
  • Nelo
1. About this Report
1.1 Summary
1.2 Methodology
1.3 Disclaimer

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

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

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

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

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

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

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

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