Product ID: SQMIG45F2113
Report ID:
SQMIG45F2113 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
91 |
Figures:
76
North America has emerged as a prominent player in the BNPL market. With the presence of major players like PayPal, which offers its own BNPL service, the region has experienced a significant adoption of this payment option. The convenience and flexibility of BNPL have resonated well with consumers in North America, driving its dominance in the region.
On the other hand, the Asia-Pacific region has emerged as the fastest-growing region in the BNPL market. Countries like China, India, and Australia have witnessed a surge in the adoption of BNPL services, fueled by the increasing popularity of online shopping and the rise in digital payment solutions. The region's large consumer base, coupled with the growing e-commerce sector, has contributed to the rapid growth of BNPL in Asia-Pacific.
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REQUEST FREE CUSTOMIZATIONBuy Now Pay Later Market size was valued at USD 4.86 billion in 2019 and is poised to grow from USD 6.13 billion in 2023 to USD 49.41 billion by 2031, growing at a CAGR of 26.1% in the forecast period (2024-2031).
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Product ID: SQMIG45F2113