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06-03-2025
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Mexico Buy Now Pay Later Business Report 2025-2030: Accelerated Expansion, Competitive Landscape, Regulatory Development, Integration in Physical Retail, Strategic Partnerships Enhancing Reach
Mexican Buy Now Pay Later Market Dublin, March 06, 2025 (GLOBE NEWSWIRE) -- The "Mexico Buy Now Pay Later Business and Investment Opportunities Databook - 75+ KPIs on BNPL Market Size, End-Use Sectors, Market Share, Product Analysis, Business Model, Demographics - Q1 2025 Update" report has been added to BNPL payment market in Mexico is expected to grow by 33.5% on annual basis to reach US$6.09 billion in 2025. The BNPL market in the country experienced robust growth during 2021-2024, achieving a CAGR of 54.5%. This upward trajectory is expected to continue, with the market forecast to grow at a CAGR of 24.9% during 2025-2030. By the end of 2030, the BNPL sector is projected to expand from its 2024 value of USD 4.56 billion to approximately USD 18.51 report provides a detailed data-centric analysis of the Buy Now Pay Later (BNPL) industry in Mexico, covering market opportunities and risks across a range of retail categories. With over 75 KPIs at the country level, this report provides a comprehensive understanding of BNPL market dynamics, market size and forecast, and market share statistics. It breaks down market opportunities by type of business model, sales channels (offline and online), and distribution models. In addition, it provides a snapshot of consumer behaviour and retail spending dynamics. KPIs in both value and volume terms help in getting an in-depth understanding of end market dynamics. The BNPL market in Mexico is evolving rapidly, driven by increasing consumer demand for flexible credit solutions and digital commerce expansion. The sector's accelerated growth, fueled by financial inclusion efforts and changing consumer preferences, is projected to maintain strong momentum, reaching billions in transaction volume over the next few years. The expansion of BNPL into physical retail further broadens its accessibility, allowing consumers who primarily shop in-store to benefit from installment-based purchasing, thereby strengthening the transition from cash to digital partnerships between BNPL providers and established brands amplify adoption by embedding BNPL services within familiar consumer ecosystems. These collaborations help fintech companies scale faster and provide merchants with alternative financing tools to boost sales. Over the next few years, BNPL is expected to become a mainstream payment method in Mexico, reshaping the financial landscape by offering more accessible credit solutions and driving economic participation across diverse consumer segments. Competitive Landscape and Regulatory Developments in Mexico's Buy Now, Pay Later (BNPL) MarketThe BNPL market in Mexico is expanding rapidly, driven by increasing digital adoption and demand for alternative credit solutions. Established players such as Kueski and MercadoLibre are strengthening their market positions, while new entrants and partnerships, such as the Shein-Stori collaboration, are further intensifying competition. Recent product launches, including Kueski's in-store payment options and Shein's co-branded credit card, indicate a shift toward more integrated financial solutions catering to online and offline competitive landscape is expected to become more dynamic, with players differentiating through technology-driven innovations and strategic alliances. Regulatory developments, including the push for modernized fintech laws and digital financial transaction frameworks, will be crucial in shaping market expansion. BNPL providers must balance compliance with rapid growth while addressing evolving consumer expectations, positioning Mexico as one of Latin America's key emerging BNPL State of the BNPL Market The BNPL market in Mexico is expanding rapidly as consumers seek more flexible payment options to manage their purchases. The growth of e-commerce has played a significant role in this trend, as online shoppers increasingly prefer installment-based payment solutions over traditional credit cards. In 2023, BNPL adoption surged by 31%, reflecting the increasing accessibility of credit to a broader consumer base. This expansion is driven by the growing demand for alternative credit solutions, particularly among individuals who lack access to traditional banking services. BNPL providers are leveraging digital platforms to offer quick and transparent financing options, making it easier for consumers to make larger purchases. As this trend continues, BNPL is expected to play a key role in reshaping the financial ecosystem in Mexico. Mexico's BNPL market is poised for significant expansion over the next few years, with increased competition among existing players and new entrants. As providers look to differentiate themselves, strategic partnerships and technological advancements will become key growth drivers. With more companies investing in BNPL solutions, the industry will likely see further integration across online and offline retail environments. Innovations in digital payments and credit assessment models will enhance accessibility, attracting a broader consumer base. As the market matures, regulatory developments will also play a crucial role in shaping its trajectory, ensuring sustainable growth while addressing potential risks associated with alternative credit solutions. Key Players and New Entrants Kueski: As a leading BNPL provider in Mexico, Kueski has expanded its services to include in-store mobile payments using QR codes, enhancing consumers' accessibility. MercadoLibre: Through its fintech arm, Mercado Pago, MercadoLibre offers BNPL options and has applied for a banking license to further expand its financial services in Mexico. Shein and Stori Partnership: In October 2024, fashion retailer Shein partnered with Mexican fintech Stori to launch a co-branded credit card to attract more consumers to BNPL services. Recent Launches, Mergers, and Acquisitions Recent developments in Mexico's BNPL market highlight a strategic push toward expanding service accessibility. Kueski's introduction of an in-store payment option using QR codes represents a shift toward omnichannel BNPL adoption, allowing consumers to use installment-based payments in physical retail settings. This move enhances BNPL's reach beyond e-commerce, catering to a wider audience still prefers in-person shopping experiences. Similarly, the Shein-Stori partnership has resulted in the launch of a co-branded credit card, signaling growing collaboration between fintechs and retailers. This initiative broadens BNPL accessibility, attracting a diverse customer base by integrating installment financing directly into Shein's ecosystem. These recent launches reflect the increasing competition and innovation in Mexico's BNPL sector, which is expected to continue evolving in response to consumer demand. Accelerated BNPL Market Expansion The BNPL market in Mexico is expanding rapidly, driven by increased accessibility to credit and changing consumer preferences. In 2023, the sector grew by 31%, reflecting a shift toward alternative financing solutions catering to a broader range of consumers. This growth is closely tied to the rise of digital commerce, where flexible payment options have become a critical factor in purchase decisions. Several factors fuel this expansion, including the boom in e-commerce, which has created greater demand for installment-based payment options. Financial inclusion initiatives have also played a crucial role, allowing individuals without traditional banking relationships to access credit through BNPL services. Additionally, consumers increasingly opt for BNPL over credit cards due to its transparent fee structures and ease of use, further driving adoption. Integration of BNPL in Physical Retail The expansion of BNPL into physical retail spaces marks a significant shift in the Mexican payments landscape. While BNPL has traditionally been associated with online shopping, companies such as Kueski are now introducing in-store payment options using QR codes. This development allows consumers to access installment-based payments at brick-and-mortar stores, making BNPL a more versatile and widely accepted payment method. One key driver of this trend is Mexican consumers' enduring preference for in-person shopping. Despite the growth of e-commerce, a large segment of the population still relies on cash transactions for retail purchases. By integrating BNPL into physical stores, providers can bridge the gap between digital credit solutions and traditional shopping habits, encouraging greater adoption of digital payment methods. Over the next few years, integrating BNPL in brick-and-mortar stores is expected to accelerate the shift toward digital transactions. As consumers become more comfortable using BNPL in different retail environments, the financial ecosystem could become more inclusive, offering more accessible credit options. This shift is also likely to drive increased consumer spending, benefiting retailers and BNPL providers as adoption grows. Strategic Partnerships Enhancing BNPL Reach Strategic partnerships are crucial in expanding BNPL adoption in Mexico, enabling providers to reach new customer segments and enhance their service offerings. Collaborations such as the Shein-Stori co-branded credit card highlight how fintech companies and retailers work together to integrate BNPL into existing financial ecosystems. These alliances not only increase accessibility to BNPL services but also create more tailored financing options for consumers. The primary driver of this trend is partnerships' ability to accelerate market penetration and diversification. By aligning with established companies, BNPL providers can tap into existing customer bases and leverage brand trust to encourage adoption. This approach reduces acquisition costs and enhances scalability, making BNPL a competitive alternative to traditional credit products. Over the next few years, strategic alliances are expected to further solidify BNPL as a mainstream payment method in Mexico. These collaborations will drive innovation in financing solutions, increasing convenience for consumers while providing merchants with new tools to boost sales. As more retailers, fintechs, and financial institutions enter the BNPL space through partnerships, the competitive landscape will likely become more dynamic and consumer-focused. Key Attributes: Report Attribute Details No. of Pages 88 Forecast Period 2025 - 2030 Estimated Market Value (USD) in 2025 $6.09 Billion Forecasted Market Value (USD) by 2030 $18.51 Billion Compound Annual Growth Rate 24.9% Regions Covered Mexico Companies Featured Klarna Atome Hapi Mercado Pago Oxxo Pay PagaTodo For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Mexican Buy Now Pay Later Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Yahoo
28-02-2025
- Business
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Italy Buy Now Pay Later Business Report 2025: BNPL Payments to Grow by 14.2% to Reach $7.64 Billion this Year - Investment Opportunities to 2030
Italian Buy Now Pay Later Market Dublin, Feb. 24, 2025 (GLOBE NEWSWIRE) -- The "Italy Buy Now Pay Later Business and Investment Opportunities Databook - 75+ KPIs on BNPL Market Size, End-Use Sectors, Market Share, Product Analysis, Business Model, Demographics - Q1 2025 Update" report has been added to Italian Buy Now Pay Later (BNPL) sector is set to achieve considerable growth, with an anticipated annual growth rate of 14.2% culminating in a market size of US$7.64 billion by 2025. This upward progress is anchored in the robust expansion period from 2021 to 2024, where the Compound Annual Growth Rate (CAGR) stood at a notable 23.3%. The positive outlook is sustained by projections of a 10.2% CAGR from 2025 through 2030, predicting the BNPL market size to further escalate from a 2024 value of USD 6.70 billion to an estimated USD 12.41 billion by the end of the decade. Sector Analysis and DemographicsWith an intensive, data-centric approach, the latest report offers a penetrating analysis of the BNPL landscape in Italy, shedding light on both opportunities and associated risks across various retail categories. The market is broken down by business models, sales channels, and distribution models, providing a detailed understanding of market dynamics. This includes an evaluation of end-use sectors, offering comprehensive insights into transaction value, market size forecast, and market share statistics. Consumer Behavior and Operational MetricsThe report dives deep into consumer behaviors and retail spending, presenting an array of operational Key Performance Indicators (KPIs) such as active consumer base and bad debt. The elucidation of consumer attitudes, coupled with demographic segmentation such as age, income, and gender distribution provides a window into the market's core driving forces. Market Share and Competitive AnalysisIn the evolving marketplace, understanding the BNPL competitive landscape in Italy is essential for strategic positioning. Insights garnered from the analysis of key players and market share within this sector enable stakeholders to craft informed strategies, aimed at capturing and expanding market presence. Strategic ImplicationsThe thorough examination of the BNPL market offers strategic perspectives on both current trends as well as forecasted developments. Business decision-makers can leverage this intelligence to identify growth opportunities, refine targeting strategies, and align with the key consumer trends shaping the future of retail finance. In conclusion, Italy's BNPL market embodies a vibrant and growing sector, supported by consumer enthusiasm and strategic innovation, poising the industry for significant expansion in the near future. Key Attributes: Report Attribute Details No. of Pages 88 Forecast Period 2025 - 2030 Estimated Market Value (USD) in 2025 $7.64 Billion Forecasted Market Value (USD) by 2030 $12.41 Billion Compound Annual Growth Rate 10.2% Regions Covered Italy Scope Italy Buy Now Pay Later Market Share Analysis by Key Players Klarna Afterpay PayPal Scalapay Cofidis Younited Credit Italy BNPL Market Size and Spending Pattern Gross Merchandise Value Trend Analysis Average Value Per Transaction Trend Analysis Transaction Volume Trend Analysis Italy Buy Now Pay Later Revenue Analysis Buy Now Pay Later Revenues Buy Now Pay Later Share by Revenue Segments Buy Now Pay Later Revenue by Merchant Commission Buy Now Pay Later Revenue by Missed Payment Fee Revenue Buy Now Pay Later Revenue by Pay Now & Other Income Italy Buy Now Pay Later Operational KPIs & Statistics Buy Now Pay Later Active Consumer Base Buy Now Pay Later Bad Debt Italy BNPL by Purpose Convenience - Short Term Loans Credit - Long Term Loans Italy BNPL by Business Model Two-Party (BNPL offered by retailers) Three-Party BNPL Offering Italy BNPL by Merchant Ecosystem Open Loop System Closed Loop System Italy BNPL by Distribution Model Analysis Standalone Banks & Payment Service Providers Marketplaces Italy BNPL Analysis by Channel Online Channel POS Channel Italy Buy Now Pay Later in Retail Shopping: Market Size and Forecast Gross Merchandise Value Trend Analysis Average Value Per Transaction Trend Analysis Transaction Volume Trend Analysis Italy Buy Now Pay Later in Home Improvement: Market Size and Forecast Gross Merchandise Value Trend Analysis Average Value Per Transaction Trend Analysis Transaction Volume Trend Analysis Italy Buy Now Pay Later in Travel: Market Size and Forecast Gross Merchandise Value Trend Analysis Average Value per Transaction Trend Analysis Transaction Volume Trend Analysis Italy Buy Now Pay Later in Media and Entertainment: Market Size and Forecast Gross Merchandise Value Trend Analysis Average Value per Transaction Trend Analysis Transaction Volume Trend Analysis Italy Buy Now Pay Later in Services: Market Size and Forecast Gross Merchandise Value Trend Analysis Average Value Per Transaction Trend Analysis Transaction Volume Trend Analysis Italy Buy Now Pay Later in Automotive: Market Size and Forecast Gross Merchandise Value Trend Analysis Average Value Per Transaction Trend Analysis Transaction Volume Trend Analysis Italy Buy Now Pay Later in Healthcare and Wellness: Market Size and Forecast Gross Merchandise Value Trend Analysis Average Value Per Transaction Trend Analysis Transaction Volume Trend Analysis Italy Buy Now Pay Later in Others: Market Size and Forecast Gross Merchandise Value Trend Analysis Average Value Per Transaction Trend Analysis Transaction Volume Trend Analysis Italy Buy Now Pay Later Analysis by Consumer Attitude and Behaviour Sales Uplift by Product Category Share by Age Group Share by Income Share by Gender Adoption Rationale Monthly Expense Segments For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Italian Buy Now Pay Later Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
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24-02-2025
- Business
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Spain Buy Now Pay Later Business Report 2025: BNPL Payments to Grow by 11.6% to Reach $8.91 Billion this Year - Investment Opportunities to 2030
Spanish Buy Now Pay Later Market Dublin, Feb. 24, 2025 (GLOBE NEWSWIRE) -- The "Spain Buy Now Pay Later Business and Investment Opportunities Databook - 75+ KPIs on BNPL Market Size, End-Use Sectors, Market Share, Product Analysis, Business Model, Demographics - Q1 2025 Update" report has been added to BNPL payment market in Spain is expected to grow by 11.6% on annual basis to reach US$8.91 billion in 2025. The BNPL market in the country experienced robust growth during 2021-2024, achieving a CAGR of 19.5%. This upward trajectory is expected to continue, with the market forecast to grow at a CAGR of 8.4% during 2025-2030. By the end of 2030, the BNPL sector is projected to expand from its 2024 value of USD 7.98 billion to approximately USD 13.34 report provides a detailed data-centric analysis of the Buy Now Pay Later (BNPL) industry in Spain, covering market opportunities and risks across a range of retail categories. With over 75 KPIs at the country level, this report provides a comprehensive understanding of BNPL market dynamics, market size and forecast, and market share statistics. Spain's BNPL market is expanding rapidly, driven by the growth of e-commerce and changing consumer preferences for flexible payment options. As BNPL services continue integrating into major online platforms, providers such as Aplazame and Sequra are gaining traction among consumers looking for alternative credit solutions. BNPL market is expected to become more competitive, prompting providers to introduce new financial products and refine their service offerings to attract a broader customer partnerships, such as CaixaBank's collaboration with Apple Pay, are crucial in expanding BNPL adoption in Spain. These alliances enable BNPL providers to leverage existing customer networks and accelerate service penetration across different industries. Over the next few years, the BNPL sector will likely see further growth and diversification. However, increased regulatory scrutiny may require providers to adjust their business models to ensure compliance and long-term sustainability. Regulatory changes, particularly the EU's Second Consumer Credit Directive (CCD2), will shape the future of BNPL services in Spain. The directive's new requirements for transparency, affordability checks, and consumer protection will likely impact how BNPL providers operate. While these regulations may introduce compliance challenges, they allow providers to establish sustainable business models and enhance consumer trust. Rapid Expansion of BNPL Services Spain's BNPL market is expanding rapidly, this significant increase is largely driven by the growing popularity of installment-based payment solutions among Spanish consumers. As BNPL services become more embedded in the retail and financial sectors, consumers and businesses benefit from greater payment flexibility and increased transaction volumes. The primary drivers of BNPL adoption in Spain include the rapid expansion of e-commerce and changing consumer preferences for alternative credit solutions. The rise of digital shopping platforms has fueled demand for BNPL options as consumers seek more manageable payment structures. Many prefer BNPL over traditional credit cards due to its transparency and absence of high interest rates, further contributing to its growing acceptance across different retail categories. Over the next few years, BNPL expansion will lead to heightened competition among BNPL providers, prompting companies to innovate and introduce new service offerings tailored to specific consumer segments. However, regulatory scrutiny may also increase as the market grows, requiring BNPL providers to implement more stringent risk management and consumer protection measures. Integration of BNPL into E-commerce Platforms Integrating BNPL services into Spain's e-commerce platforms is accelerating, with local players such as Aplazame and Sequra offering installment payment solutions to online shoppers. As more e-commerce businesses adopt BNPL, consumers can access flexible payment options at checkout, making online shopping more accessible. This trend is reshaping consumer spending habits, encouraging higher transaction volumes and increasing merchant adoption of BNPL services. The growing demand for flexible financing solutions in Spain's expanding e-commerce sector is a key driver of BNPL integration. By providing installment-based payments, BNPL providers enable consumers to purchase without the immediate burden of full upfront costs. This model benefits consumers, who can manage expenses more effectively, and merchants, who experience increased conversion rates and higher average order values. Over the next few years, the continued integration of BNPL into e-commerce is expected to accelerate digital payment adoption in Spain further. Consumers who have hesitated to move away from traditional payment methods may become more comfortable with BNPL solutions, contributing to greater financial inclusion. However, as BNPL becomes a dominant payment option, regulatory oversight may increase to ensure responsible lending and consumer protection within the digital finance sector. Strategic Partnerships Enhancing BNPL Reach Strategic partnerships between BNPL providers and financial institutions are expanding the reach of BNPL services in Spain. CaixaBank's collaboration with Apple Pay, which allows users to split payments into multiple monthly installments, is an instance of how traditional banks integrate BNPL solutions into their payment offerings. Such alliances provide consumers with more flexible payment options while increasing bank and merchant transaction volumes. The primary driver behind these partnerships is the ability of BNPL providers to leverage established customer bases and infrastructure to scale rapidly. By collaborating with major financial institutions, tech firms, and retailers, BNPL companies can diversify their offerings and reach a wider audience. This approach enables faster adoption of BNPL services while allowing merchants and payment platforms to offer enhanced financial flexibility to consumers. Over the next few years, strategic partnerships will accelerate the mainstream adoption of BNPL services in Spain. These collaborations will likely drive further innovation in payment solutions, making BNPL an integral part of digital financial ecosystems. However, as these partnerships expand, regulatory scrutiny may increase to ensure transparency, responsible lending, and consumer protection in the evolving BNPL landscape. Key Players and New Entrants PayPal: A prominent player in Spain's BNPL sector, offering installment payment solutions to consumers. Klarna: The Swedish fintech has entered the Spanish market, providing consumers with flexible payment options at the point of sale. Afterpay: Through acquiring Spanish BNPL firm Pagantis, Afterpay has expanded its presence in Spain, offering deferred payment solutions to consumers. CaixaBank: In collaboration with Apple Pay, CaixaBank has introduced a payment installment service, allowing users to split their purchases into multiple monthly payments. Recent Launches, Mergers, and Acquisitions In October 2024, CaixaBank partnered with Apple Pay to introduce a BNPL installment service, reflecting the increasing integration of deferred payment solutions into mainstream financial services. This collaboration allows CaixaBank customers to split their purchases into multiple payments, enhancing convenience and accessibility. Such strategic partnerships highlight the growing demand for BNPL options in Spain and the push by financial institutions to offer more flexible payment solutions. Outlook Over the next 2-4 years, Spain's BNPL market is expected to expand, driven by ongoing digitalization and increasing consumer demand for flexible payment options. The competitive landscape will likely intensify as new entrants emerge and existing players enhance their offerings. Strategic partnerships and technological innovations will be key drivers of differentiation among providers. Regulatory Changes Currently, BNPL models in Spain fall outside the scope of the consumer credit regime. However, the European Union's Second Consumer Credit Directive (CCD2) aims to bring BNPL services within the regulatory perimeter, subjecting providers to new obligations and standards. This includes requirements for clear disclosure of terms, affordability assessments, and consumer protection measures. The directive is expected to be implemented by 2026, fundamentally changing how BNPL providers engage with the market. Spain Buy Now Pay Later Market Share Analysis by Key Players Klarna Afterpay SeQura Clearpay Oney Paga + Tarde Cofidis CaixaBank BBVA Key Attributes: Report Attribute Details No. of Pages 88 Forecast Period 2025 - 2030 Estimated Market Value (USD) in 2025 $8.91 Billion Forecasted Market Value (USD) by 2030 $13.34 Billion Compound Annual Growth Rate 8.4% Regions Covered Spain For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Spanish Buy Now Pay Later Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
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19-02-2025
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Africa Buy Now Pay Later Market Report 2025: 14.8% CAGR Forecast During 2025-2030, with African BNPL Sector Set to Reach $10.63 Billion by 2030 - Competitive Intensity in Africa's BNPL Sector
Key Drivers of BNPL Expansion in Africa - Rapid E-commerce Growth Fuels BNPL Adoption Across Key Markets Like Nigeria & Kenya, Financial Inclusion & Credit Access for the Unbanked Driving BNPL Market Growth African Buy Now Pay Later Market Dublin, Feb. 19, 2025 (GLOBE NEWSWIRE) -- The "Africa Buy Now Pay Later Business and Investment Opportunities Databook - 75+ KPIs on BNPL Market Size, End-Use Sectors, Market Share, Product Analysis, Business Model, Demographics - Q1 2025 Update" report has been added to offering. The report provides a detailed data-centric analysis of the Buy Now Pay Later (BNPL) industry in Africa, covering market opportunities and risks across a range of retail categories. With over 75 KPIs at the regional and country level, this report provides a comprehensive understanding of BNPL market dynamics, market size and forecast, and market share breaks down market opportunities by type of business model, sales channels (offline and online), and distribution models. In addition, it provides a snapshot of consumer behaviour and retail spending dynamics. KPIs in both value and volume terms help in getting an in-depth understanding of end market BNPL payment market in Africa is forecast to grow by 19.1% on annual basis to reach US$5.34 billion in 2025. The African BNPL market experienced robust growth during 2021-2024, achieving a CAGR of 29.4%. This upward trajectory is expected to continue, with the market forecast to grow at a CAGR of 14.8% during 2025-2030. By the end of 2030, the BNPL sector is projected to expand from its 2024 value of USD 4.48 billion to approximately USD 10.63 billion. Key InsightsThe BNPL sector in Africa has experienced significant growth, driven by strategic partnerships, integration into e-commerce platforms, and expansion into various sectors. While specific regulatory changes have yet to be widely reported, the overall growth of BNPL services is driven by increasing consumer demand for credit solutions, particularly among the unbanked population. Over the next 2-4 years, the BNPL landscape is expected to evolve, with continued expansion and the potential development of regulatory frameworks to ensure sustainable Expansion of BNPL Services Across Africa BNPL services have seen significant growth in African markets, with notable developments in countries such as Kenya and Nigeria. In August 2023, Mastercard partnered with Lipa Later to expand BNPL solutions in Kenya, Rwanda, Uganda, and Nigeria, aiming to enhance financial inclusion. In May 2024, Jumia Nigeria launched BNPL partnerships with Easybuy and CredPal, allowing consumers to make purchases and spread payments over time. The increasing demand for flexible payment options among consumers. The need to enhance financial inclusion by providing credit access to underbanked populations. This trend is expected to continue over the next 2-4 years, with more partnerships and service expansions enhancing BNPL accessibility across the continent. Integration of BNPL into E-commerce Platforms E-commerce platforms in Africa are increasingly incorporating BNPL options to attract more customers. In May 2024, Jumia Nigeria's partnerships with Easybuy and CredPal enabled BNPL options at checkout, enhancing the online shopping experience. The growth of online shopping in Africa. The desire to increase sales by offering flexible payment solutions. As e-commerce continues to grow, BNPL integration is likely to become a standard feature, further driving consumer adoption. Emergence of BNPL in Non-Retail Sectors BNPL services are expanding into sectors beyond traditional retail, including technology and financial services. In August 2023, Mastercard's partnership with Lipa Later aimed to provide BNPL solutions across various sectors, enhancing financial inclusion. The need for flexible payment options in various sectors. The opportunity to reach a broader customer base by diversifying BNPL offerings. The diversification of BNPL services is expected to continue, providing consumers with more payment options across different sectors. Anticipated Regulatory Developments While specific regulatory changes in Africa have yet to be widely reported, the overall growth of BNPL services is driven by increasing consumer demand for credit solutions, particularly among the unbanked population. The rapid expansion of BNPL services. The need to protect consumers and ensure responsible lending practices. As the BNPL market matures, regulatory frameworks are expected to evolve, potentially leading to more structured guidelines and oversight. Competitive Landscape and Regulatory Developments in Africa's Buy Now Pay Later (BNPL) MarketAfrica's BNPL market has seen increased competition, driven by service expansions, strategic partnerships, and regulatory changes aimed at protecting consumers. Over the next 2-4 years, the sector is poised for further growth, with heightened competitive intensity and greater emphasis on compliance. Providers that invest in technology, innovation, and partnerships will be better positioned to navigate the dynamic market and capitalize on emerging Intensity in the BNPL Sector The African BNPL market is becoming increasingly competitive, with both regional and international players expanding their services. Providers are vying for strategic partnerships, technological innovation, and market reach across key regions such as Nigeria, Kenya, and South Africa. Key Players and New Entrants: Lipa Later (Kenya, Uganda, Rwanda): Expanded its presence across multiple sectors, including healthcare and education financing. Payflex (South Africa): Strengthened its partnerships with major offline and e-commerce retailers. CredPal (Nigeria): Focused on digital integration for both online and offline retail ecosystems. New entrants have begun targeting niche areas such as education and SME financing, seeking to differentiate themselves through tailored services. Recent Launches: Lipa Later launched sector-specific BNPL solutions in healthcare and education during 2024. In South Africa, Payflex introduced BNPL products aimed at small businesses to improve their access to flexible payment solutions. Recent Partnerships, Mergers, and Acquisitions BNPL providers have been actively partnering with digital payment platforms and e-commerce players. For instance, Lipa Later expanded partnerships with e-commerce platforms and service providers to enhance their customer base. Retail integration continues to be a key focus, with providers aiming to offer consumers a seamless experience across both online and offline channels. Partnerships and strategic collaborations are expected to intensify competition by offering a broader range of services to consumers. Providers that leverage partnerships effectively will likely dominate key sectors and regions. Regulatory Changes Implemented in 2024 Regulators announced new oversight measures targeting digital credit providers, including BNPL services. The regulations are designed to increase transparency, protect consumers from predatory practices, and promote responsible lending. Authorities refined credit and financial regulations to ensure that fintech offerings, including BNPL, adhere to responsible lending practices. This includes stricter compliance requirements for BNPL providers operating under the National Credit Act. The Central Bank of Nigeria introduced stricter guidelines for digital lenders, including rules to protect consumers and limit excessive debt accumulation. These guidelines now extend to BNPL providers operating in the country. These regulatory developments aim to enhance trust in BNPL services and ensure financial stability. Providers are adapting their business models to comply with new rules, which may slow down market entry for new players but create a more stable competitive environment. Outlook for the Next 2-4 Years Existing players will likely expand their geographic presence and diversify their product offerings to gain a competitive consolidation through partnerships and acquisitions is anticipated as providers seek to scale operations and achieve economies of scale. Investments in technology, particularly AI for credit risk assessment and customer insights, are expected to improve personalization and service delivery. Regulatory frameworks will continue to evolve, focusing on protecting consumers while fostering fintech innovation. Compliance with local regulations will become critical for both market entry and sustainability, prompting providers to prioritize transparent practices and responsible lending. Companies Featured Fawry valU by EFG Hermes Shahry Valeo Lipa Later M-Kopa Tala Branch Jumba PayLater Kiva Equity Bank Carbon Cdcare PayQart Tamara Tabby Spotti Postpay Telr Cashew Payments Mastercard Visa Affirm Inc. Zippay Payflex Mobicred Lulalend Woolworths Financial Services Spotii Cashew Aramex Smart Rise Payby Zoodpay Key Attributes: Report Attribute Details No. of Pages 440 Forecast Period 2025 - 2030 Estimated Market Value (USD) in 2025 $5.34 Billion Forecasted Market Value (USD) by 2030 $10.63 Billion Compound Annual Growth Rate 14.8% Regions Covered Africa Report ScopeThis report provides in-depth, data-centric analysis of Buy Now Pay Later industry in through 58 tables and 75 charts. Below is a summary of key market segments. BNPL Market Size and Spending Pattern Buy Now Pay Later Revenue Analysis Buy Now Pay Later Operational KPIs & Statistics BNPL by Purpose BNPL by Business Model BNPL by Merchant Ecosystem BNPL by Distribution Model Analysis Buy Now Pay Later Market Share Analysis by Key Players BNPL Analysis by Channel Buy Now Pay Later in Retail Shopping: Market Size and Forecast Buy Now Pay Later in Home Improvement: Market Size and Forecast Buy Now Pay Later in Travel: Market Size and Forecast Buy Now Pay Later in Media and Entertainment: Market Size and Forecast Buy Now Pay Later in Services: Market Size and Forecast Buy Now Pay Later in Automotive: Market Size and Forecast Buy Now Pay Later in Healthcare and Wellness: Market Size and Forecast Buy Now Pay Later in Others: Market Size and Forecast Buy Now Pay Later Analysis by Consumer Attitude and Behaviour For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment African Buy Now Pay Later Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
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17-02-2025
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Canada Buy Now Pay Later Business Report 2025-2030: Afterpay, Sezzle, Klarna, Affirm, and PayBright are Actively Shaping the Competitive Landscape of the Burgeoning $7.5 Billion Industry
Canadian Buy Now Pay Later Market Dublin, Feb. 17, 2025 (GLOBE NEWSWIRE) -- The "Canada Buy Now Pay Later Business and Investment Opportunities Databook - 75+ KPIs on BNPL Market Size, End-Use Sectors, Market Share, Product Analysis, Business Model, Demographics - Q1 2025 Update" report has been added to BNPL payment market in Canada is expected to grow by 12.0% on annual basis to reach US$7.50 billion in 2025. The BNPL market experienced robust growth during 2021-2024, achieving a CAGR of 19.7%. This upward trajectory is expected to continue, with the market forecast to grow at a CAGR of 8.6% during 2025-2030. By the end of 2030, the BNPL sector is projected to expand from its 2024 value of USD 6.69 billion to approximately USD 11.32 billion. Canada's BNPL sector is evolving rapidly, driven by growing adoption across diverse sectors, the emergence of domestic players, and increasing regulatory oversight. The industry is expected to expand significantly over the next 2-4 years, with heightened competition, innovation, and regulatory compliance shaping the market's trajectory. Senior executives should closely monitor regulatory developments and strategic partnerships to leverage opportunities and mitigate risks in this dynamic landscape. This report provides a detailed data-centric analysis of the Buy Now Pay Later (BNPL) industry in Canada, covering market opportunities and risks across a range of retail categories. With over 75 KPIs at the country level, this report provides a comprehensive understanding of BNPL market dynamics, market size and forecast, and market share statistics. It breaks down market opportunities by type of business model, sales channels (offline and online), and distribution models. In addition, it provides a snapshot of consumer behaviour and retail spending dynamics. KPIs in both value and volume terms help in getting an in-depth understanding of end market dynamics. Competitive Landscape and Regulatory Developments in Canada's Buy Now, Pay Later (BNPL) MarketThe Canadian BNPL market is poised for sustained growth, fueled by increasing consumer demand for flexible payment options and the rapid expansion of e-commerce. Key players such as Afterpay, Sezzle, Klarna, Affirm, and PayBright are actively shaping the competitive landscape, leveraging strategic partnerships and technological innovations to strengthen their positions. This growing ecosystem highlights the sector's potential to redefine payment preferences across Canada's retail and non-retail the next 2-4 years, the competitive dynamics in the Canadian BNPL market will likely be marked by increased consolidation, technological advancements, and sectoral diversification. Larger providers are expected to acquire smaller players to achieve economies of scale and broaden their service offerings. Additionally, BNPL solutions are projected to expand into non-traditional sectors such as healthcare, education, and home improvement, further embedding themselves into consumer lifestyles. As the market matures, regulatory scrutiny from organizations such as the Financial Consumer Agency of Canada and advocacy groups will intensify, ensuring consumer protection and transparency in BNPL agreements, ultimately fostering a more sustainable and trust-driven State of the BNPL Market and Key Players The BNPL sector in Canada has experienced significant growth, driven by increased consumer demand for flexible payment options and the expansion of e-commerce. Afterpay: An Australian-based BNPL provider, Afterpay has established a strong presence in the Canadian market, partnering with various retailers to offer installment payment options. Sezzle: A US-based firm, Sezzle has gained traction in Canada by collaborating with merchants to provide BNPL services, appealing particularly to younger consumers. Klarna: Originally from Sweden, Klarna has expanded into Canada. It offers flexible payment solutions and recently integrated with Apple Pay to enhance user convenience. Affirm: A US-based BNPL provider, Affirm has entered the Canadian market, partnering with merchants to offer consumers installment payment options. PayBright: A Canadian BNPL provider, PayBright has been acquired by Affirm, expanding its reach and capabilities in the Canadian market. Increasing BNPL Adoption Across Retail Sectors The BNPL sector in Canada is increasingly being integrated into industries beyond traditional retail, such as travel, entertainment, and essential services. For instance, Afterpay, Klarna, and Sezzle have partnered with merchants such as Indigo Books & Music to offer flexible payment options, particularly during high-demand holidays. This shift reflects the growing versatility of BNPL solutions and their appeal to consumers and merchants. The rapid growth of e-commerce in Canada has significantly contributed to expanding BNPL services as consumers gravitate toward seamless digital payment solutions. Younger generations, including Millennials and Gen Z, are leading this shift, favoring BNPL over traditional credit cards due to interest-free installments and payment flexibility. Additionally, merchants are adopting BNPL to reduce cart abandonment rates and attract cost-sensitive shoppers, further embedding this payment option across the retail landscape. BNPL adoption in Canada is expected to intensify as providers compete for partnerships with high-profile retailers and explore opportunities in non-traditional sectors. This trend is likely to gain momentum amid ongoing economic uncertainties, with consumers increasingly relying on flexible payment options for managing their finances. Providers must innovate and diversify their offerings as competition grows to capture a larger share of the expanding BNPL market. Entry of New Players and Domestic Innovations The Canadian BNPL market is witnessing the entry of new domestic players, such as KOHO, which has introduced a BNPL product catering to larger purchases. These startups are leveraging the rapid growth of the BNPL sector to carve out a market share by offering flexible payment solutions. Domestic innovations highlight the potential for local players to compete by addressing unique consumer preferences and regulatory requirements. The rapid adoption of BNPL in Canada presents significant opportunities for domestic fintech companies to gain traction. Local providers can appeal to consumers who value Canadian brands and offerings tailored to their needs. However, competition from established international players such as Afterpay and Klarna drives local innovation, forcing new entrants to differentiate through unique features, customer service, and seamless integration with Canadian banking systems. The entry of new players is expected to intensify competition, leading to a wave of innovation and more consumer-centric products. Domestic providers may capitalize on opportunities to fill gaps left by international competitors, such as creating solutions that align closely with Canadian consumer habits and financial frameworks. Over time, this dynamic competition will likely result in improved services and diverse Growth in Small- and Medium-Sized Merchant Adoption Small and medium-sized merchants in Canada are increasingly turning to BNPL services to compete with larger retailers and online platforms. By partnering with BNPL providers and platforms such as Shopify, these businesses can easily integrate flexible payment solutions, leveling the playing field. This adoption allows smaller merchants to enhance their offerings and cater to the growing consumer demand for installment-based payments. Platforms such as Shopify have simplified integrating BNPL services, making it more accessible for smaller businesses. These payment options enable merchants to attract price-sensitive customers who are more likely to complete transactions when flexible payment plans are available. By addressing consumer needs and strengthening their competitiveness, small businesses can boost customer retention and reduce cart abandonment rates. The adoption of BNPL among small and medium-sized enterprises is expected to grow steadily as providers introduce tailored solutions for these merchants. This trend could democratize the availability of BNPL services, allowing smaller retailers to compete in niche markets traditionally dominated by larger players. As more small businesses adopt BNPL, its penetration across diverse retail categories will likely accelerate, further embedding flexible payment solutions in the Canadian retail ecosystem. Growing Focus on Consumer Protection and Regulation The Financial Consumer Agency of Canada (FCAC) has increased its scrutiny of the BNPL sector to better understand consumer behavior and the potential risks associated with these services. The focus is primarily on protecting consumers from over-indebtedness and ensuring greater transparency in fees and repayment terms. These measures aim to address growing concerns about some BNPL users' financial vulnerability and create a safer environment for consumers. As BNPL adoption grows, concerns about consumers overextending their finances have prompted Canadian regulators to take proactive steps. Regulatory trends in international markets, such as the U.S. and Europe, influence Canada to address similar risks, ensuring that Canadian practices align with global standards. Additionally, complaints about unclear terms and unexpected fees have increased pressure on providers to adopt transparent and standardized agreements. Stricter regulatory measures are expected to reshape the BNPL landscape, driving providers to implement more robust credit assessments and clearer disclosure practices. While these changes aim to safeguard consumers, they may also limit the operations of smaller providers unable to meet compliance costs. Consequently, the market could see further consolidation, with larger, well-established players gaining a competitive advantage and setting new industry standards for transparency and responsibility. Expansion into Non-Traditional Sectors BNPL services in Canada are increasingly being adopted in non-traditional sectors such as healthcare, education, and home improvement. Providers such as PayBright, now part of Affirm, have partnered with healthcare providers to allow patients to finance treatments over time. This expansion highlights the versatility of the BNPL model and its potential to meet consumer needs beyond traditional retail purchases. Consumers seek flexible payment options for high-cost essential services, such as medical procedures or tuition fees. By reducing the upfront financial burden, BNPL providers make these services more accessible to a wider audience. This growing demand underscores the opportunity for BNPL to address financial barriers in sectors where affordability is a significant concern. The diversification of BNPL into additional sectors is expected to drive adoption for high-ticket purchases, offering providers a chance to secure a competitive edge in untapped markets. As more healthcare, education, and home improvement businesses recognize the value of BNPL solutions, partnerships in these areas are likely to increase. Providers that successfully integrate their services into these sectors may benefit from enhanced market reach and long-term growth opportunities. Recent Launches, Mergers, and Acquisitions Klarna's Integration with Apple Pay: In October 2024, Klarna announced its integration with Apple Pay, allowing Canadian consumers to make BNPL purchases directly through Apple's payment platform. Affirm's Acquisition of PayBright: In January 2021, Affirm completed its acquisition of PayBright, a leading Canadian BNPL provider, to strengthen its presence in the Canadian market. Anticipated Competitive Dynamics Market Consolidation: As the market matures, consolidation among BNPL providers is likely, with larger firms acquiring smaller competitors to expand their customer base and service offerings. Technological Innovations: Providers are anticipated to invest in technology to enhance user experience, such as integrating BNPL options into digital wallets and offering personalized payment plans. Expansion into New Sectors: BNPL services are expected to extend beyond traditional retail into sectors such as healthcare, education, and home improvement, providing consumers with more flexible payment options across various industries. Regulatory Changes Implemented In Canada, the BNPL sector has come under increased regulatory scrutiny over the past year. In October 2024, Option Consommateurs, a Quebec-based consumer rights group, released a report titled "Buy Now, Pay Later: Assessment of Risks and Remedies," which called on governments to regulate BNPL services to protect consumers. The report highlighted concerns about the lack of clarity in BNPL contracts and the potential for consumers to incur unexpected fees. Key Attributes: Report Attribute Details No. of Pages 88 Forecast Period 2025 - 2030 Estimated Market Value (USD) in 2025 $7.5 Billion Forecasted Market Value (USD) by 2030 $11.32 Billion Compound Annual Growth Rate 8.6% Regions Covered Canada Companies Featured Afterpay PayBright Klarna Sezzle Zip Splitit LatitudePay Flexiti Mogo Perpay For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. 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