Buy Now Pay Later Market Share, Growth Revenue, Overview By 2033

The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.

According to The Business Research Company’s Buy Now Pay Later, The buy now pay later market size has grown exponentially in recent years. It will grow from $156.58 billion in 2023 to $232.23 billion in 2024 at a compound annual growth rate (CAGR) of 48.3%. The  growth in the historic period can be attributed to e-commerce growth and online shopping trends, consumer demand for flexible payment options, rise of digital wallets and mobile payments, increase in millennial and gen z consumer base, competition among payment service providers.

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The buy now pay later market size is expected to see exponential growth in the next few years. It will grow to $1014.82 billion in 2028 at a compound annual growth rate (CAGR) of 44.6%. The growth in the forecast period can be attributed to expansion of bnpl services to physical retail, growth in cross-border e-commerce, adoption by traditional retailers, emphasis on responsible lending and consumer protection, rise of embedded finance and bnpl as a service. Major trends in the forecast period include integration with point-of-sale systems, personalization of bnpl offers, collaboration between bnpl providers and merchants, integration with loyalty programs, regulatory developments in the bnpl space.An increase in the adoption of online payment methods is expected to propel the growth of the buy-now-pay-later market going forward. Online payments refer to payments that are made for goods or services that have been purchased online or offline. With the buy now, pay later option, customers can make small-ticket purchases both offline and online and make fast payments. For instance, in April 2021, according to Razorpay, an India-based financial services company, the rate of digital payment transactions in India during January, February, and March 2021 increased by 76% compared to the same period in 2020, whereas Buy Now Pay Later (BNPL) experienced a staggering growth of 569%. Therefore, the increase in the adoption of online payment methods is driving the buy-now-pay-later market growth.

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The buy now pay later market covered in this report is segmented –
1) By Channel: Online, POS
2) By Enterprise Size: Large Enterprises, Small and Medium Enterprises
3) By End Use: Consumer Electronics, Fashion and Garment, Healthcare, Leisure and Entertainment, Retail, Others End-User

Technological advancement is a key trend gaining popularity in the buy-now-pay-later market. Major market players are concentrating on offering customers cutting-edge digital services to sustain their position in the buy-now-pay-later market. For instance, in January 2022, Temenos, a Switzerland-based software and apps company, launched Temenos Banking Cloud, the first AI-driven buy-now-pay-later banking service in the market. Through alternative credit products, this offering is expected to give banks and fintechs additional revenue options, assist them in expanding into new areas, and strengthen their connections with customers and business partners. By offering transparency into automated judgments and pairing BNPL customers with suitable loan offers based on their past, Temenos BNPL assists banks in developing lending programs that are driven by patented, explainable AI technology. Therefore, technological advancement is boosting the growth of the buy-now-pay-later market. 

Top Major Players

Paytm Postpaid,

PayPal Holdings Inc.,

Affirm Inc.,

Klarna Inc.,

Splitit Ltd.

The buy now pay later market report table of contents includes:
1. Executive Summary

2. Buy Now Pay Later Market Characteristics
3. Buy Now Pay Later Market Trends And Strategies
4. Buy Now Pay Later Market – Macro Economic Scenario
5. Global Buy Now Pay Later Market Size and Growth
6. Buy Now Pay Later Market Segmentation
7. Buy Now Pay Later Market Regional And Country Analysis

           ………..

33. Key Mergers And Acquisitions In The Buy Now Pay Later Market
34. Buy Now Pay Later Market Future Outlook and Potential Analysis
35. Appendix

List Of Tables :

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Buy Now Pay Later Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Buy Now Pay Later Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Buy Now Pay Later Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

………………..

Table 74: Paytm Postpaid Financial Performance

Table 75: PayPal Holdings Inc. Financial Performance

Table 76: Affirm Inc. Financial Performance

Table 77: Klarna Inc. Financial Performance

Table 78: Splitit Ltd. Financial Performance 

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