Product ID: SQMIG45F2113
Global Buy Now Pay Later Market Size, Share, Growth Analysis, By Enterprise Size(Large, SME), By End Use(Consumer Electronics, Fashion & Garment), By Channel(Online, POS) - Industry Forecast 2024-2031
Report ID:
SQMIG45F2113 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
91 |
Figures:
76
Global Buy Now Pay Later Market Competitive Landscape
The buy now pay later market is moderately fragmented. Customers and retailers both benefit from BNPL. Leading suppliers are moving into the e-commerce ecosystem by increasing their footprints and attracting new clients. By 2025, the market for these BNPL payment apps is predicted to increase 10-15 times, according to Bank of America Corp. Customers are increasingly using BNPL to make purchases both in-person and online. A large number of merchants are emphasising the acceptance of these online instalment loans and point-of-sale loans as payment options, opening up new business potential for BNPL solution providers. Over the forecast period, the market is also predicted to be driven by the expanding e-commerce sector.
Buy Now Pay Later Market Top Players Company Profiles
- Afterpay Limited
- Affirm Holdings Inc.
- Klarna Bank AB
- Paypal
- Sezzle Inc.
- Zip Co Limited
- Splitit Payments Ltd.
- Laybuy Holdings Limited
- QuadPay, Inc.
- FuturePay Inc.
- Openpay Group Ltd.
- PayRight Limited
- SplitPay, Inc.
- ViaBill A/S
- Sunbit Inc.
- Humm Group Limited
- QuickFee Limited
- Partial.ly Inc.
- ZestMoney (PaySense Services India Pvt. Ltd.)
- Bread Finance, Inc.
Buy Now Pay Later Market Recent Development
- In January 2022, Affirm Holdings Inc., BNPL service provider for the consumers, launched SuperApp. It provides advanced BNPL options for payments, shopping, and financial services with one easy-to-use solution.
- In January 2022, Block, Inc. Technology Company for financial services acquired Afterpay Limited. This acquisition aims to provide Block, Inc. with enhanced financial services and products. It helped the company expand access for more consumers to drive revenue for all sellers and merchants.
- In January 2022, Afterpay Limited partnered with several retailers such as Calvin Klein, Nordstrom, and Tommy Hilfiger. With this partnership, Afterpay Limited provides this service offering for these retailers' online and retail stores. This allowed the consumers to shop and use the buy now, pay later service.
- In December 2021, SaveIN, a consumer credit fintech company, has launched an offline point of sale installment loans product for the financing needed to manage healthcare expenses. The company calls this service care now pay later to provide service to the customers' physical point of care facilities.
Global Buy Now Pay Later Market Report Snapshots
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