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Press Releases from PayNXT360 (353 total)

The BNPL Industry in Japan is Expected to Grow at a CAGR of 28.2% during 2022-20 …

In Japan, the buy now, pay later (BNPL) payment method has seen widespread adoption among consumers. The flexible payment solution grew primarily due to merchants and consumers seeking better ways to manage cash flow. As a flexible financing option, the adoption of the BNPL payment method is rising among millennials and Gen Z consumers in Japan. According to PayNXT360's Q4 2021 BNPL Survey, BNPL payment in Japan is expected to

Based on PayNXT360 Estimates, the Kenyan BNPL Industry is Expected to Grow at a …

BNPL payment industry in Kenya has recorded strong growth over the last four quarters, supported by increased ecommerce penetration along with impact of economic slowdown due to disruption caused by Covid-19 outbreak. According to PayNXT360's Q4 2021 BNPL Survey, BNPL payment in the country is expected to grow by 107.8% on annual basis to reach US$ 521.8 million in 2022. Medium to long term growth story of BNPL industry in Kenya remains

The Malaysian BNPL Industry is Expected to Grow at a CAGR of 49.0% during 2022-2 …

PayNXT360 expects the BNPL market to continue its upward trajectory over the next four to eight quarters, as the demand for deferred payment services is expected to increase among both merchants as well as consumers in the country. Moreover, with the medium to long-term growth story of the country remaining strong, PayNXT360 expects more global firms to expand their footprint in the Malaysian BNPL industry. According to PayNXT360's Q4 2021

PayNXT360 Expects the BNPL Industry in Mexico to Grow at a CAGR of 32.1% During …

The Mexican BNPL market has recorded substantial growth over the last four to eight quarters on the back of widespread adoption among both merchants and consumers. PayNXT360 expects the trend to continue from the short to medium-term perspective, as consumers from the informal economy are looking at the payment method to get access to credit. According to PayNXT360’s Q4 2021 BNPL Survey, BNPL payment in Mexico is expected to grow

PayNXT360 Expects the BNPL Industry in Netherlands to Grow at a CAGR of 32.8% Du …

BNPL payment industry in the Netherlands has recorded strong growth over the last four quarters, supported by increased ecommerce penetration along with impact of economic slowdown due to disruption caused by Covid-19 outbreak. According to PayNXT360’s Q4 2021 BNPL Survey, BNPL payment in the country is expected to grow by 74.8% on annual basis to reach US$ 7606.1 million in 2022. Medium to long term growth story of BNPL industry in the

PayNXT360 Expects the BNPL Industry in New Zealand to Grow at a CAGR of 36.2% Du …

BNPL payment industry in New Zealand has recorded strong growth over the last four quarters, supported by increased ecommerce penetration along with impact of economic slowdown due to disruption caused by Covid-19 outbreak. According to PayNXT360’s Q4 2021 BNPL Survey, BNPL payment in the country is expected to grow by 66.5% on annual basis to reach US$ 1229.4 million in 2022. Medium to long term growth story of BNPL industry in New

PayNXT360 Expects the Norway BNPL Industry to Grow at a CAGR of 17.5% During 202 …

BNPL payment industry in Norway has recorded strong growth over the last four quarters, supported by increased ecommerce penetration along with impact of economic slowdown due to disruption caused by Covid-19 outbreak. According to PayNXT360’s Q4 2021 BNPL Survey, BNPL payment in the country is expected to grow by 39.8% on annual basis to reach US$ 6358.9 million in 2022. Medium to long term growth story of BNPL industry in Norway remains

PayNXT360 Expects the Philippines BNPL Industry to Grow at a CAGR of 50.9% Durin …

The coronavirus pandemic has accelerated the shift towards online shopping among consumers in the Philippines. Notably, this boom in the Filipino e-commerce industry has also resulted in the widespread adoption of digital payment methods such as buy now, pay later (BNPL) payment solutions in the country. In the Philippines, consumers are increasingly looking for flexible and convenient payment solutions which allow them to manage their finances effectively. According to PayNXT360’s Q4

PayNXT360 Expects the Russian BNPL Industry to Grow at a CAGR of 45.3% During 20 …

According to PayNXT360’s Q4 2021 BNPL Survey, BNPL payment in Russia is expected to grow by 91.9% on annual basis to reach US$ 7361.2 million in 2022. Medium to long term growth story of BNPL industry in Russia remains strong. The BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 45.3% during 2022-2028. The BNPL Gross Merchandise Value in the country will increase from

PayNXT360 Expects the Saudi Arabian BNPL Industry to Grow at a CAGR of 42.4% Dur …

With the awareness regarding BNPL products on the uptick in Saudi Arabia, more than 80% of the consumers said that they are keen to make use of the BNPL services in the country, according to PayNXT360’s Q4 2021 Global BNPL Market Survey. This change in attitude towards BNPL products is shaping the future of the payments industry in Saudi Arabia. PayNXT360 expects the trend to continue from the short to medium-term

PayNXT360 Expects the Singapore BNPL Industry to Grow at a CAGR of 25.5% During …

In Singapore, consumers are increasingly shifting to e-commerce platforms to complete their purchases in the midst of the global pandemic. This has resulted in the widespread adoption of BNPL services. With the trend expected to continue over the next four to eight quarters, PayNXT360 expects more regional and global players to launch their BNPL product for consumers in Singapore from the short to medium-term perspective. This will subsequently support the

PayNXT360 Expects the Sweden BNPL Industry to Grow at a CAGR of 17.0% During 202 …

Being the home to one of the largest players in the BNPL segment, Sweden has one of the highest BNPL adoption rate across geographies. This is evident from the growing penetration rate for the payment method in the e-commerce sector. According to PayNXT360’s Q4 2021 Global BNPL Market Survey, the payment method has a penetration rate of 22.8% in the e-commerce sector in Sweden, which is much higher when compared

PayNXT360 Expects the Thailand BNPL Industry to Grow at a CAGR of 44.8% During 2 …

According to PayNXT360’s Q4 2021 BNPL Survey, BNPL payment in Thailand is expected to grow by 92.1% on annual basis to reach US$ 1715.2 million in 2022. Medium to long term growth story of BNPL industry in Thailand remains strong. The BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 44.8% during 2022-2028. The BNPL Gross Merchandise Value in the country will increase from

PayNXT360 Expects the UAE BNPL Industry to Grow at a CAGR of 45.9% During 2022-2 …

In the UAE, the global pandemic has resulted in a shift in consumer spending habits and accelerated adoption of online shopping platforms. This shift in the overall consumer behavior, along with the rise of digital payment solutions, is resulting in buy now, pay later (BNPL) becoming one of the fastest-growing payments methods in the country. According to PayNXT360’s Q4 2021 BNPL Survey, BNPL payment in the UAE is expected to

PayNXT360 Expects the United Kingdom BNPL Industry to Grow at a CAGR of 24.5% Du …

In the United Kingdom, the buy now, pay later (BNPL) payment method has increased substantially since the onset of the pandemic. Besides pureplay BNPL providers such as Klarna and Afterpay, leading retailers and banks were also introduced BNPL products to expand their market share. For instance, in December 2021, Amazon joined forces with Barclays to introduce ‘Installments’, a BNPL service in the United Kingdom. According to PayNXT360’s Q4 2021 BNPL Survey,

Latin American Prepaid Card Market is Expected to Grow at a CAGR of 14.3% During …

The adoption of digital wallets and prepaid cards has surged significantly in Latin America. According to PayNXT360’s Q4 2021 Global Prepaid Cards Market Survey, fintech companies in the region are expanding their reach across the region to expand their market share. With the rising demand for cryptocurrencies in the region, many fintech companies are integrating crypto trading in their digital wallets. PayNXT360 expects that the prepaid card market will be supported

PayNXT360 Expects the European Prepaid Card Market to Record a CAGR of 10.3% Dur …

According to PayNXT360’s Q4 2021 Global Prepaid Cards Market Survey, consumers and retailers have mostly avoided cash transactions due to the fear of spreading the Coronavirus in the last four to six quarters in Europe. The trend has propelled the demand for digital wallets in many European countries. As more and more consumers in the country demand innovative prepaid payment instruments and digital banking services, new startups are emerging and raising

PayNXT360 Expects the Africa & Middle East Prepaid Card Market to Grow at a CAGR …

The demand for prepaid cards surged significantly as an alternative to cash in the last four to six quarters in the Africa & Middle East region primarily because of the rise in technology-driven products and services. Prepaid cards are also gaining traction among students, expatriate workers, and blue-collar service providers, as the payment solution offers a range of services such as sending remittances, payroll processing, gifting, government benefit disbursement, and

PayNXT360 Expects BNPL Payment Industry in New Zealand to Grow at a CAGR of 27.4 …

BNPL payment industry in New Zealand has recorded strong growth over the last four quarters, supported by increased ecommerce penetration along with impact of economic slowdown due to disruption caused by Covid-19 outbreak. According to PayNXT360’s Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 58.0% on annual basis to reach US$ 771.9 million in 2021. Medium to long term growth story of BNPL industry in New

According to PayNXT360, the BNPL Industry in Nigeria to Grow at a CAGR of 26.2% …

BNPL payment industry in Nigeria has recorded strong growth over the last four quarters, supported by increased ecommerce penetration along with impact of economic slowdown due to disruption caused by Covid-19 outbreak. According to PayNXT360’s Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 67.4% on annual basis to reach US$ 341.9 million in 2021. Medium to long term growth story of BNPL industry in Nigeria remains

According to PayNXT360, BNPL Payment in Norway is Expected to Grow at a CAGR Of …

BNPL payment industry in Norway has recorded strong growth over the last four quarters, supported by increased ecommerce penetration along with impact of economic slowdown due to disruption caused by Covid-19 outbreak. According to PayNXT360’s Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 38.2% on annual basis to reach US$ 5805.2 million in 2021. Medium to long term growth story of BNPL industry in Norway remains

Buy Now, Pay Later Market in Russia is to Grow at a CAGR of 29.2% During 2021-20 …

BNPL payment industry in Russia has recorded strong growth over the last four quarters, supported by increased ecommerce penetration along with impact of economic slowdown due to disruption caused by Covid-19 outbreak. According to PayNXT360’s Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 70.3% on annual basis to reach US$ 2142.7 million in 2021. Medium to long term growth story of BNPL industry in Russia remains

The Philippines Buy Now, Pay Later Market to record a CAGR of 27.4% during 2021- …

After being negatively impacted by the global pandemic, consumer spending in the Philippines is expected to bounce back in 2021. Consequently, buy now pay later (BNPL) firms look set to advantage of the Filipino consumers' eagerness to open their wallets again. The growth of the BNPL sector in the country speaks about the convenience it has to offer and the fact that Filipinos are willing to manage their budget much

Buy Now, Pay Later Market in Saudi Arabia is to Grow at a CAGR of 27.9% During 2 …

Consumers in Saudi Arabia are becoming comfortable with card payments. However, a large portion of consumers still prefers to pay with cash-on-delivery (COD). It is because they want the product first and then pays for it. With deferred payment services, consumers can receive the product first and then pay later when they feel satisfied. Consequently, the BNPL payment option is creating a win-win situation for both merchants and consumers in

According to PayNXT360’s Q2 2021 BNPL Survey, BNPL payment in Singapore is exp …

Title - According to PayNXT360’s Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 51.3% on annual basis to reach US$ 560.9 million in 2021 | market dynamics | growth opportunities | market share by key players In Singapore, the growing adoption of deferred payment services in times of the global pandemic is evident from the substantial increase in transaction volume, sales value, merchant growth, and

The Growth of the E-Commerce Market is Driving the Adoption of BNPL in Sweden | …

The deferred installment product originated as an innovation out of the debit culture in Sweden to help consumers purchase products in the local market. Many retailers and brands are turning to buy now pay later (BNPL) schemes to entice consumers and build loyalty with their new spenders. Notably, Sweden-based Klarna lies at the epicenter of this retail revolution. The FinTech company promises to help consumers in spreading the cost of

According to PayNXT360’s Q2 2021 BNPL Survey, BNPL Payment in Switzerland is E …

BNPL payment industry in Switzerland has recorded strong growth over the last four quarters, supported by increased ecommerce penetration along with impact of economic slowdown due to disruption caused by Covid-19 outbreak. According to PayNXT360’s Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 49.6% on annual basis to reach US$ 1020.4 million in 2021. Medium to long term growth story of BNPL industry in Switzerland remains

According to PayNXT360’s Q2 2021 BNPL Survey, BNPL Payment in Thailand is Expe …

BNPL payment industry in Thailand has recorded strong growth over the last four quarters, supported by increased ecommerce penetration along with impact of economic slowdown due to disruption caused by Covid-19 outbreak. According to PayNXT360’s Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 71.5% on annual basis to reach US$ 697.1 million in 2021. Medium to long term growth story of BNPL industry in Thailand remains

According to PayNXT360’s Q2 2021 BNPL Survey, BNPL Payment in the UAE is Expec …

The buy now, pay later (BNPL) trend is picking pace in the UAE as more financial technology platforms align with retailers to make shopping convenient and more accessible in these cost-conscious times. Apart from the surge in e-commerce shopping, the BNPL movement has become the most significant retail trend that the local retail sector has witnessed since the onset of the global pandemic. According to PayNXT360’s Q2 2021 BNPL Survey,

The BNPL Payment Adoption in the United Kingdom is Expected to Grow at a CAGR of …

According to PayNXT360’s analysis, the BNPL market in the United Kingdom recorded an annual growth of 61.1% in 2020. The key drivers behind the strong growth of BNPL services in the United Kingdom include pent-up demand, the shift from credit cards to debit cards, and the need to manage finances effectively. The substantial growth of the BNPL services is also encouraging multinational BNPL service providers to invest in the market. As

According to PayNXT360, BNPL payment in the United States is expected to grow by …

The BNPL market in the United States gained a significant attraction in the last decade. One of the primary reasons for this is the favorable regulatory framework. Government support and increasing demand make the BNPL market a lucrative investment opportunity for many domestic and international companies. Moreover, the ease of doing business in the BNPL sector is encouraging large financial institutes and banks to expand their business in this segment.

PayNXT360 Expects the Gift Card Market in Sweden will Increase from US$1.3 Billi …

Sweden’s GDP expanded by 4.3% in Q3’20 after a slump in Q2’20 due to coronavirus outbreak. However, for full year 2020, the economy is expected to shrink impacting consumer confidence. The economy is likely to recover in 2021 which would have a positive impact on consumer spending and consequently the gift card market. Though growth of gift card market has been impacted in 2020 due to the COVID crisis, the

Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics in V …

Gift card market in 2020 was driven a wide range of factors, which supported growth across retail and corporate segments. The primary factors included growth of ecommerce, increased adoption to incentivize employees working remotely, digital gifting, and initiatives undertaken by government, hospitality, and travel industries to revive growth. Though the gift card market was impacted due to COVID-19, the market is expected to bounce back in the coming quarters, especially

Buy Now Pay Later Business and Investment Opportunities in Vietnam | In-depth Un …

The buy now, pay later (BNPL) deferred payment option is becoming an increasingly popular way to shop for consumers in Vietnam. The growth of the industry across the country has been primarily driven by the rising adoption of BNPL payment options by millennials and Gen Z shoppers. According to PayNXT360’s Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 71.5% on annual basis to reach

Asia Pacific Buy Now Pay Later Market Opportunity, -depth Understanding | key tr …

Buy now pay later (BNPL) trend is becoming popular across APAC by enabling consumers to defer payments and access credit. The increase in uptake of BNPL service across APAC has been fueled by Gen Z and millennial shoppers. Some companies which have embraced BNPL service include Grab, ride hailing firm; Traveloka, a travel platform; Tokopedia, an ecommerce marketplace; and Alibaba and JD.com, e-commerce giants. Some pure players operating in the

Buy Now Pay Later Market in Europe – Business and Investment Opportunities | K …

BNPL is becoming increasingly popular among consumers owing to rise in consumer preference for deferred payment for online purchases. Consumers prefer BNPL due to affordability and convenience it offers. BNPL, consumer credit, or after pay enable consumers to pay money only after they meet their expectations. Some players offering BNPL service include Klarna, PayPal Credit, and Splitit. Also, POS loans also called the consumer credit option, which offer online shoppers the

Gift Card Market in Africa and Middle East to Expand in Next Four to Six Quarter …

The gift card market in Africa and Middle East region has recorded a steady growth during the past few years. Though, the growth of gift card market has been impacted, it has outperformed the overall gift industry. The socio-economic environment in Africa is expected to rebound which could have a positive impact on the gift card market. The Kenyan economy is expected to recover in 2021 with increase in real

Latin America Buy Now Pay Later Market to Witness Significant Growth During 2022 …

As credit card penetration remains less than 15% in most of Latin American markets, BNPL lending has substantial growth prospects in the region. With the growing e-commerce market in the region, the BNPL service is also expected to grow. Cash vouchers which are most trusted digital payment mode in the region, sometimes allow consumers to pay in interest-free instalments which provide flexibility to consumers. For instance, in the region, around

New Zealand Gift Card and Incentive Card Market Anticipated to Display Strong Gr …

According to PayNXT360’s Q4 2020 Global Gift Card Survey, gift card industry in the New Zealand will grow over the forecast period, recording a CAGR of 6.9% during 2021-2025 Gift card market in 2020 was driven a wide range of factors, which supported growth across retail and corporate segments. The primary factors included growth of ecommerce, increased adoption to incentivize employees working remotely, digital gifting, and initiatives undertaken by government,

China Buy Now Pay Later Market (2021–2028) | Key Market Opportunities | Analys …

The Chinese buy now, pay later (BNPL) market has emerged as one of the fastest-growing markets in the Asia-Pacific region. According to PayNXT360’s Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 51.3% on annual basis to reach US$ 82,782.0 million in 2021. Significant growth in e-commerce transactions and increased popularity among a large population are some of the key factors that attracted large investments

Latin America Gift Card and Incentive Card Market Business Outlook | Market Size …

The gift card market in Latin America is expected to record steady growth due to changing customer preference towards gift cards and increased adoption in self-use segment. Increased use of gift cards for self-gifting, supported by discounts offered by retailers is supporting market growth. The growing popularity of gift cards is offering lucrative opportunities for gift card issuers. The COVID-19 pandemic has changed consumer purchasing behavior pushing consumers to rely

Chile Buy Now Pay Later Market 2021–2028 | Key Market Opportunities | Market T …

BNPL payment industry in Chile has recorded strong growth over the last four quarters, supported by increased ecommerce penetration along with impact of economic slowdown due to disruption caused by Covid-19 outbreak. According to PayNXT360’s Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 145.2% on annual basis to reach US$328.6 million in 2021. Medium to long term growth story of BNPL industry in Chile remains strong.

Buy Now Pay Later in Bangladesh is Booming | Market Size 2021–2028| Key Opport …

BNPL payment industry in Bangladesh has recorded strong growth over the last four quarters, supported by increased ecommerce penetration along with impact of economic slowdown due to disruption caused by Covid-19 outbreak. According to PayNXT360’s Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 71.5% on annual basis to reach US$ 222.4 million in 2021. This Bangladesh Buy Now Pay Later market research report consists of six

Asia Pacific Gift Card and Incentive Card Market (COVID-19 Impact Analysis) | Gr …

The gift card market in Asia Pacific has witnessed significant growth in the past few years. Gift card industry has performed well, taking away market share from traditional gifting sector. The overall gift industry has been impacted by the COVID-19 pandemic. Going forward, the gift card market is expected to grow backed by increase in digitization as well as surge in online shopping. E-commerce market in the region has recorded

Brazil Buy Now Pay Later Market Analysis and Business Outlook by 2028 | Transact …

BNPL payment industry in Brazil has recorded strong growth over the last four quarters, supported by increased ecommerce penetration along with impact of economic slowdown due to disruption caused by Covid-19 outbreak. According to PayNXT360’s Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 69.4% on annual basis to reach US$ 3211.2 million in 2021. Medium to long term growth story of BNPL industry in Brazil remains

Europe Gift Card and Incentive Card Market is Anticipated to Display Strong Grow …

The European gift card market has seen significant growth over the past few years. However, the gift card market growth in the region in 2020 has been impacted due to the pandemic. COVID-19 has had adverse effect on the social and economic condition in Europe. Real GDP fell by about 40% in Q2’20 (annualized quarter-over-quarter), with greater contraction in advanced Europe, where the virus spread first, as compared to emerging

Greece Buy Now Pay Later Market is expected to grow steadily over the forecast p …

BNPL payment industry in Greece has recorded strong growth over the last four quarters, supported by increased ecommerce penetration along with impact of economic slowdown due to disruption caused by Covid-19 outbreak. According to PayNXT360’s Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 138.1% on annual basis to reach US$ 237.8 million in 2021. Medium to long term growth story of BNPL industry in Greece remains

PayNXT360 projects demand for BNPL payment option to surge in Poland in the next …

BNPL payment industry in Poland has recorded strong growth over the last four quarters, supported by increased e-commerce penetration along with the impact of economic slowdown due to disruption caused by the Covid-19 outbreak. According to PayNXT360’s Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 76.1% on annual basis to reach US$ 573.3 million in 2021. Medium to long term growth story of BNPL industry in

According to PayNXT360’s Q2 2021 Global Gift Card Survey, integrating gift car …

Globally, the adoption of gift cards has seen a steady increase over the years. Consumers have been using gift cards for various transactional purposes such as exchanging it for cash, buying cryptocurrencies, and using it for regifting. The growth in adoption of gift cards is due to increase in use of gift cards for self-gifting, supported by discounts offered by retailer; as well as growth in online shopping. Moreover, customers

According to PayNXT360's projection, the BNPL payment adoption in Taiwan is expe …

BNPL payment industry in Taiwan has recorded strong growth over the last four quarters, supported by increased ecommerce penetration along with impact of economic slowdown due to disruption caused by Covid-19 outbreak. According to PayNXT360’s Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 70.5% on annual basis to reach US$ 646.8 million in 2021. Medium to long term growth story of BNPL industry in Taiwan remains

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