Buy Now Pay Later Market to See Huge Growth by 2026 | Afterpay, Affirm, PayPal, Visa, Blispay
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Retail finance has existed as long as there have been merchants selling goods. The latest innovation, commonly referred to as buy now pay later (BNPL), has actually been offered for a couple of decades. However, the combination of the service with mobile and credit at the point of sale POS - both in-store and, more importantly, online - has spurred its rapid growth among the shopping public.
- While BNPL usage is concentrated among online shoppers, a key growth area has been in-store purchases. But as in-store purchases need to be made via a POS or mobile POS terminal, the spread of these terminals is crucial.
- The business model for BNPL does not allow for widespread defaults or lengthy credit terms in most instances. The main driver of defaults is unemployment. So long as this remains low, the prospects for BNPL services are bright.
- Age has been a major determinant of BNPL use, and the increased prominence of millennials in the economy means BNPL use should accelerate.
Companies Mentioned in the Report
• American Express
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Reasons to buy
- Benchmark yourself against the rest of the market.
- Ensure you remain competitive as new innovations and business models begin to emerge
- Learn about the key trends these digital players are targeting.
- Understand the BNPL value chain, and the value it brings merchants and consumers.
Chapter 1: Executive summary
Chapter 2: Socio-economic indicators
Chapter 3: Introduction
3.1. Market definition and structure
Chapter 4: Market overview
4.1. Buy Now Pay Later market overview
4.2. Buy Now Pay Later market size and growth forecast
Browse Executive Summary and Complete Table of Content @ https://www.htfmarketreport.com/reports/2361199-buy-now-pay-later-thematic-research
It's vital you keep your market knowledge up to date. If you have a different set of players/manufacturers according to geography or needs regional or country segmented reports we can provide customization accordingly.
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