openPR Logo
Press release

Buy Now Pay Later Platforms Market to Reach US$ 33,638.3 Million by 2027

03-31-2021 12:35 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

Buy Now Pay Later Platforms

Buy Now Pay Later Platforms

Buy now pay later platforms allow user to purchase products instantaneously and pay for it afterwards. This platform has become very popular in the recent 2-3 years, owing to the ‘No Interest’ benefit. Many buy now pay later platforms such as Afterpay do not charge interest for a defined period of time. Also, in BNPL platforms, the payment can be paid in installments.

The global buy now pay later platforms market is expected to witness significant growth during the forecast period (2020–2027). The growth of the buy now pay later platforms market is majorly attributed to wide number of benefits offered by the buy now pay later platforms to its users. The registration of the buy now pay platforms is very easy. Once the online account on BNPL platforms is created, the user gets instantaneous approval for bills for a defined amount.

Request For Sample Copy:
https://www.coherentmarketinsights.com/insight/request-sample/4013

The major factor restraining growth of the global buy now pay later platforms market is increasing complaints of the users regarding the high late fees and mounting debts. For instance, Afterpay charges US$ 10 for each missed payment and US$ 7 if the installment remains unpaid after a week. The users who misses all the installments are charged with a late fees of US$ 68. Moreover, the BNPL platforms such as Zip charges users who have an unpaid balance with US$ 6 on a monthly basis.

Buy Now Pay Later Platforms Market - Impact of Coronavirus (Covid-19) Pandemic

COVID-19 pandemic has adversely affected the economies of various countries across the globe. According to the International Monetary Fund Analysis, the global economy is expected to shrink down by 3% percent in the year 2020 compared to year 2019. Along with the decreasing GDP, the purchasing power of people across the globe is also expected to decrease. Moreover, according Coherent Market Insights’ analysis in 2020, the unemployment rate in countries such as the U.S. has increased from 3.8% in 2019 to 8.6% in April 2020. Also, over 20 million citizens in the U.S. have applied for unemployment benefit in the period of February 2020 to April 2020. Owing to all these factors, people across the globe may take the support of BNPL platforms to pay their bills. The online transactions using BNPL platforms is also expected to increase during the forecast period.

Contact Us:
Name: Mr. Shah
Phone: US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Buy Now Pay Later Platforms Market to Reach US$ 33,638.3 Million by 2027 here

News-ID: 2264111 • Views: 282

More Releases from Coherent Market Insights

Gelatin Sponge Market is specially treated and purified gelatin solution by Key …
Academic and research institutes focusing on the research and development of gelatin sponge is expected to drive the growth of gelatin sponge market. For instance, in November 2019 Physicians at G. d'Annunzio University announced that they had completed clinical trials on the use of gelatin sponge for larger and moderate palatal wounds, and that gelatin sponges were successful on palatal wounds. Request Sample Report + Related Graphs & Charts @: https://www.coherentmarketinsights.com/insight/request-sample/4260 Key companies
Adaptive Strollers Market is adults with special needs stroller by Key players A …
Patients with mild to moderate positioning demands should use adaptive strollers. In comparison to manual wheelchairs, these strollers are lighter and easier to fold and move in tight situations. For young toddlers and newborns, adaptive strollers come in smaller sizes than manual wheelchairs. Furthermore, some adapted strollers feature a rear-facing position that allows a caregiver to keep an eye on a kid with medical problems. Some adaptable strollers additionally include
Petri Dish Market is Non culture based diagnostic test are Rapidly Develop by Ke …
Petri dishes have been used as a diagnostic technique in conjunction with culture to confirm the presence of a certain infection (bacteria, fungus and virus). Infectious diseases such as urinary tract infection, tuberculosis, Ebola, sexually transmitted illness, and respiratory disease are likely to fuel growth in the petri dish industry. According to the World Health Organization (WHO), infectious and parasitic diseases claimed the lives of 3,319 people in Sub-Saharan Africa
Plastisols Market Growth with Worldwide Industry Analysis to 2028 | PolyOne Corp …
Plastisols are dispersions of fine particle size Polyvinyl Chloride (PVC) resins in plasticizing liquids. Plastisols may be fused in relatively thick sections without concern for solvent or water blistering, they are commonly referred to as 100% solids materials.  Global "Plastisols Market" research report 2021 introduced by Coherent Market Insights features an elemental study of the present status of this market and detailed insights and deep research on a number of the

All 5 Releases


More Releases for Buy

Buy Fantastic Dresses from SearchShops
Ladies, get ready because now you have SearchShops where you will get to buy beautiful dresses from some of the most popular brands. Looking for stylish dresses has never been this easy. Whether you would like to play order for a stunning dress and whatever occasion, SearchShops has got you covered. SearchShops in an online retail store where you can buy beautiful dresses with just a few clicks. SearchShops collects some
Buy Instagram Followers | Webcore Nigeria
Buy Instagram Followers | Webcore Nigeria https://www.webcorenigeria.com/product/buy-1000-real-instagram-followers/ Buy Instagram Followers Nigeria 1,000 Nigerian Instagram Photo Likes: https://www.webcorenigeria.com/product/nigerian-instagram-likes/ Social media marketing is the strategy of using social media to grow more traffic. You can use different tactics on the social media sites for marketing. Benefits of Social Media Marketing: Social media posts can be used to drive targeted traffic. Increased Brand Recognition. We all know social media is an extremely important part of online marketing
buy social media followers
Are you an online business owner? You need the support of a trustworthy and reliable social media marketing company that has the ability to generate the sales, opportunity, and exposure and deliver the desired success you are aiming for. At Social Bar, we have the experience and expertise to offer social media marketing services like buy social media followers, likes, signals, etc as we are one of the leading providers
61% of French households buy organic food
A new paper published by the Journal of Organics reports that 61% of French households buy organic food in their shopping basket. Researchers from INRA (Institut National de la Recherché Agronomique) note a distinctive feature of the organic market is its strong growth rate. In their study of 22,359 French households, INRA researchers found that the average food-budget share for organic products was 3.61% (for all households) and 5.96% (for
How do schools buy?
We often get asked about buying patterns in schools, about the whole procurement process in schools, about how schools buy. The answer is straightforward – all schools and departments buy in different ways. Dependant on who your target is in the school will depend on how they buy, and therefore how you target them, how often you market to them, and how you deal with them in the
Buy chutney
Virginia Chutney Co. is a company that makes one of the best chutneys in America. The owners Clare and Nevill that are settled in Virginia started their chutney making long back and started by mango and pineapple chutneys and when they shifted to the south of America somewhere in Washington, VA, they found that chutneys were a part of their tradition; and that is how they began their work of