South Africa Buy Now Pay Later Business and Investment Market Size, Status, Demand and Global Outlook 2021-2025 | Payflex, Payjustnow, TymeBank, Mobicred

The South Africa Buy Now Pay Later Business and Investment Market report provides the overall structure and business outlook of the global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses, and regional growth of the leading competitors operating in the market on a global and local scale. The structured analysis contains graphical as well as a diagrammatic representation of the global South Africa Buy Now Pay Later Business and Investment Market with its specific geographical regions.

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The buy now, pay later (BNPL) payment method is gaining popularity in South Africa. The adoption of deferred payment methods has experienced an increase of close to 31% in South Africa in 2020. According to PayNXT360, more than 73% of consumers are looking for financing at the early stages of their purchasing journey. Moreover, according to PayNXT360s Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 66.9% on annual basis to reach US$ 294.1 million in 2021. This could inform the substantial rise in the adoption of deferred payment in the country.

Top leading Companies Profiled in South Africa Buy Now Pay Later Business and Investment Market Report are Payflex, Payjustnow, TymeBank, Mobicred

Market Overview

In South Africa, online merchants are also experiencing higher average order values, larger purchases, and significant growth in their revenue when provided with a BNPL payment method. Consequently, BNPL is expected to support the growth of the e-commerce sector in the region as more and more retailers are offering split payment methods.

There are a few financial technology startups that are offering consumers a BNPL payment method. For instance, Payflex, PayJustNow, and Mobicred are some BNPL providers that allow consumers to split their purchases inflexible and interest-free installments.

Notably, PayJustNow is the first BNPL provider offering merchants and consumers the BNPL payment method. The BNPL provider has revolutionized the digital payment sector in the country, which is reflected in the growing list of merchants who are partnering with the BNPL service to make shopping more convenient and easier for consumers in South Africa. As of October 2020, PayJustNow has more than 40,000 users registered on its platform.

Medium to long term growth story of BNPL industry in South Africa remains strong. The BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 28.2% during 2021-2028. The BNPL Gross Merchandise Value in the country will increase from US$ 176.2 million in 2020 to reach US$ 1,673.7 million by 2028.

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Global South Africa Buy Now Pay Later Business and Investment Market: Regional Segment-

─North America (US, Canada)

─Europe (Germany, UK, France, Rest of Europe)

─Asia Pacific (China, Japan, India, Rest of Asia Pacific)

─Latin America (Brazil, Mexico)

─Middle East and Africa

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Key Takeaways from South Africa Buy Now Pay Later Business and Investment Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the South Africa Buy Now Pay Later Business and Investment market – key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance – South Africa Buy Now Pay Later Business and Investment market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the South Africa Buy Now Pay Later Business and Investment

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