BNPL is becoming increasingly popular among consumers globally owing to rise in consumer preference for deferred payment for online purchases. Consumers prefer BNPL due to 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, ride hailing firm; Traveloka, a travel platform; Tokopedia, an ecommerce 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.

In Europe, BNPL is more popular in the UK as compared to other nations including Italy or Germany. Shoppers in the UK observe retail finance as a convenient way to split the cost of expensive purchases. However, in Germany, open invoice or pay after delivery is a popular payment method. In Germany, RatePay provides checkout lending solutions and open instalments for e-commerce. Other key players in the Western European market include Divido, Mash, CreditClick, and AfterPay.

In Canada, consumers are moving away from credit card fees in favor of debit or cash, owing to which retailers are offering BNPL service . For instance, PayBright’s BNPL service is being offered to Canadians via 6,000 other Canadian and international retailers. BNPL service is being used for purchase of furniture, electronics, fashion and apparel, sports equipment, and others. Further in August 2020, AfterPay extended its BNPL service in Canada. AfterPay enables shoppers to buy products and pay for it in four instalments over a short period of time. The service is offered to Canadian consumers for free assisting customers to spend without incurring interest, fees or revolving and extended debt.

Going forward, the shift to 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.

Global Buy Now Pay Later Insight Brief

1. Global Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
2. Argentina Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
3. Australia Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
4. Brazil Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
5. Canada Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
6. China Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
7. France Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
8. Germany Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
9. India Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
10. Indonesia Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
11. Italy Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
12. Kenya Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
13. Mexico Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
14. Nigeria Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
15. Philippines Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
16. Russia Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
17. South Africa Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
18. Thailand Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
19. United Arab Emirates Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
20. United Kingdom Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook
21. United States Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook

Global / country reports included in this bundled offering provide a comprehensive view on size and structure, industry dynamics, market trends, consumer attitude and behavior, and competitive landscape in Buy Now Pay Later industry. These reports offer data-centric analysis of Buy Now Pay Later market dynamics to help companies understand business and investment opportunities along with risks.

Each global / country report details market opportunities across 40 market segments in Buy Now Pay Later for the period 2019-2028 and identifies opportunities. It captures essential KPIs such as Gross Merchandise Value, Volume, and Average Value Per Transaction across end-use segments.