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PayNXT360 Expects Global Buy Now Pay Later Market to Observe Strong Growth By 2028 | Afterpay, Akulaku, Alipay, AsiaPay, Atome, Capital Float, Cashalo, hoolah

10-26-2021 12:57 PM CET | IT, New Media & Software

Press release from: PayNXT360

Global Buy Now Pay Later Market to Observe Strong Growth

Global Buy Now Pay Later Market to Observe Strong Growth

Global 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.

Buy now, pay later (BNPL) is becoming increasingly popular among consumers globally owing to the rise in consumer preference for deferred payment for online purchases. Consumers prefer BNPL due to the affordability and convenience it offers. In APAC, for instance, the increase in uptake of BNPL service has been fueled by Gen Z and millennial shoppers. Some companies which have embraced BNPL service include Grab, a ride-hailing firm; Traveloka, a travel platform; Tokopedia, an e-commerce marketplace; and Alibaba and JD.com, e-commerce giants. The BNPL trend has also taken off in Australia, where players including Afterpay, Zip Pay, and Splitit have taken share from traditional credit card companies owing to fast approvals.

Globally, the significant growth of digital payment solutions has introduced consumers to several ways to shop for their desired products at ease. This growth has been primarily driven by the innovation of financial technology platforms over the last few years and is likely to continue to grow even more for the same reason. FinTech platforms are now innovating with their product offerings to disrupt the digital payment space by leveraging newer technology such as blockchain.

Blockchain technology is all about cutting-edge innovations and advances such as the one currently brandished by the @Pay protocol. Notably, @Pay is a decentralized finance (DeFi) protocol, which is the first BNPL platform that is built integrating blockchain technology with its own cryptocurrency. Founded in 2020, the Sydney-based firm comes off as a decentralized global platform that brings innovative payment solutions to consumers and merchants who make online and offline purchases.

While blockchain technology is gradually finding the right application in the e-commerce industry, the @Pay protocol takes the bar one step ahead. Through its first-of-a-kind platform, consumers can make purchases for goods and services offered by @Pay merchants and spread the cost of their purchases conveniently over a period of three months, wherein the repayments can be completed in four easy installments.

According to PayNXT360, the shift towards BNPL is expected to be rapid globally. Also, the COVID-19 is further expected to accelerate the adoption of this service.

This offering from PayNXT360 is a bundled offering, combining one global and 20 country reports. In addition, it also provides an insight brief, capturing analyst opinion on key trends, drivers, strategy, and innovation.
Country reports in this bundled offering provide in-depth analysis of Buy Now Pay Later industry.
Below is a summary of key market segments:

Buy Now Pay Later Market Share Analysis by Key Players-
• Afterpay
• Akulaku
• Alipay
• Amazon Pay Later
• Art Money
• AsiaPay
• Atome
• Baitiao
• BillEase
• Brighte
• Capital Float
• Cashalo
• FavePay Later
• Fen Fu
• Finazar
• Flipkart Pay Later
• Fundiin
• GoJek Paylater
• Grab
• Happay
• Home Credit
• Hoolah

BNPL Market Size and Spending Pattern
• Gross Merchandise Value Trend Analysis
• Average Value Per Transaction Trend Analysis
• Transaction Volume Trend Analysis

Buy Now Pay Later Spend Analysis by Channel: Market Size and Forecast
• Online Channel
• POS Channel

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

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

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

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

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

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

Buy Now Pay Later Analysis by Consumer Attitude and Behavior
• 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

Get Full Insights @ https://www.paynxt360.com/report-store/view/global-buy-now-pay-later-business--330

Reason to buy

• Globally, the adoption of the BNPL payment method is rising and is expected to continue to its upward trajectory in 2021 and beyond. This growing adoption among both consumers and merchants has resulted in the new BNPL product launches by traditional banking institutions globally. From Scotiabank in Canada to Barclays in Germany, legacy payment providers are coming up with their own installment payment solutions.

• 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 opportunities 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 spending by age, gender, and income level.

Columbia Blvd Suite C15-544670 Portland, Oregon, 97217

About us-

PayNXT360 is a strategy research and consulting firm providing a business intelligence on BNPL, prepaid cards, digital & mobile wallets, embedded finance, digital lending, remittance, and innovative payment solutions. Through exhaustive databases and in-depth analyst reports, we offer detailed and unbiased insights into emerging opportunities and risks across global markets. For more information, please visit our website www.paynxt360.com

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