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South Wales Argus
2 days ago
- Business
- South Wales Argus
Buy now pay later provider Zilch to launch physical card
Buy Now Pay Later (BNPL) lets shoppers delay paying in full, instead breaking up costs over several weeks or months. Providers have come under new standards since legislation was introduced last month. It came amid concerns that a lack of regulation has led some of the 10 million people who use it to take on too much debt. What is Zilch? Zilch, which has been named one of the fastest-growing in the UK, said it means more of its customers can make payments in stores. Zilch currently offers a virtual card, stored in its app or in people's mobile wallets, which links to customers' debit cards and means they can pay for shopping flexibly. Which retailers work with Zilch? A well as Amazon and Iceland, retailers from Primark and ASOS to Just Eat and eBay use it, and people can choose to pay in full, or spread payments over six weeks or three months. While the virtual card can be used in shops as well as online, Zilch said that nearly 80% of UK adults do not regularly use mobile wallets, so having a physical card will drive more transactions. It is also set to open up buy-now-pay-later options for bigger purchases like home repairs, hotel check-ins, and car rentals. When will Zilch cards be available? The cards will become available to its existing customers from September. The London-based company has grown its customer base to more than five million since launching five years ago and securing authorisation from the UK's Financial Conduct Authority. It reached a valuation of two billion dollars (£1.5 billion) in 2021 and was named one of the UK's fastest-growing fintech unicorns this year (a start-up company that has reached the level of $1 billion in funding). Recommended reading: What is the issue with buy now pay later? But, there are issues with all buy now pay later products, so it pays to be careful, as Aaron Peake, Personal Finance Expert at CredAbility, warns: 'While BNPL can be interest-free, it isn't risk-free. "What's worrying is how quietly it can cause damage, with many people not realising it's real debt until it's too late. "A few small missed payments can knock your credit score or trigger late fees, and in some cases, debt collectors get involved straight away. "What's worse, this could block your chances of getting a mortgage or even a decent phone contract."
Glasgow Times
3 days ago
- Business
- Glasgow Times
Buy now pay later provider Zilch to launch physical card
Buy Now Pay Later (BNPL) lets shoppers delay paying in full, instead breaking up costs over several weeks or months. Providers have come under new standards since legislation was introduced last month. It came amid concerns that a lack of regulation has led some of the 10 million people who use it to take on too much debt. What is Zilch? Zilch, which has been named one of the fastest-growing in the UK, said it means more of its customers can make payments in stores. Zilch currently offers a virtual card, stored in its app or in people's mobile wallets, which links to customers' debit cards and means they can pay for shopping flexibly. Which retailers work with Zilch? A well as Amazon and Iceland, retailers from Primark and ASOS to Just Eat and eBay use it, and people can choose to pay in full, or spread payments over six weeks or three months. While the virtual card can be used in shops as well as online, Zilch said that nearly 80% of UK adults do not regularly use mobile wallets, so having a physical card will drive more transactions. It is also set to open up buy-now-pay-later options for bigger purchases like home repairs, hotel check-ins, and car rentals. When will Zilch cards be available? The cards will become available to its existing customers from September. The London-based company has grown its customer base to more than five million since launching five years ago and securing authorisation from the UK's Financial Conduct Authority. It reached a valuation of two billion dollars (£1.5 billion) in 2021 and was named one of the UK's fastest-growing fintech unicorns this year (a start-up company that has reached the level of $1 billion in funding). Recommended reading: What is the issue with buy now pay later? But, there are issues with all buy now pay later products, so it pays to be careful, as Aaron Peake, Personal Finance Expert at CredAbility, warns: 'While BNPL can be interest-free, it isn't risk-free. "What's worrying is how quietly it can cause damage, with many people not realising it's real debt until it's too late. "A few small missed payments can knock your credit score or trigger late fees, and in some cases, debt collectors get involved straight away. "What's worse, this could block your chances of getting a mortgage or even a decent phone contract."
Yahoo
06-03-2025
- Business
- Yahoo
Netherlands Buy Now Pay Later Market Report 2025: Payments to Grow by 14% to Reach $10.29 Billion this Year
Dutch Buy Now Pay Later Market Dublin, March 06, 2025 (GLOBE NEWSWIRE) -- The "Netherlands 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 Netherlands is expected to grow by 14.0% on annual basis to reach US$10.29 billion in 2025. The BNPL market in the country experienced robust growth during 2021-2024, achieving a CAGR of 23.5%. This upward trajectory is expected to continue, with the market forecast to grow at a CAGR of 9.8% during 2025-2030. By the end of 2030, the BNPL sector is projected to expand from its 2024 value of USD 9.02 billion to approximately USD 16.40 report provides a detailed data-centric analysis of the Buy Now Pay Later (BNPL) industry in Netherlands, 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 BNPL market in the Netherlands continues to grow rapidly in 2024, driven by a strong e-commerce ecosystem, fintech innovations, and evolving consumer payment preferences. However, the regulatory environment is tightening as authorities seek to mitigate risks of over-indebtedness. Leading providers such as Klarna, Riverty, and AfterPay have intensified their focus on compliance and transparency while expanding partnerships with large retailers like and Dutch government recently announced plans to regulate in-store BNPL transactions more stringently by 2025, reflecting increased concerns about debt accumulation. E-commerce will remain the dominant growth channel for BNPL, while the market is also diversifying into travel, lifestyle services, and sustainability-focused financing. Competitive Landscape and Regulatory DevelopmentsThe Netherlands' BNPL market is growing steadily, driven by a strong e-commerce sector and changing consumer preferences for flexible payment solutions. Leading players such as Klarna, Afterpay (Riverty), and PayPal's "Pay Later" dominate the market, supported by high digital literacy and widespread online shopping habits. However, the regulatory landscape is tightening with new EU and domestic regulations to promote transparency and responsible lending. Over the next 2-4 years, market players are expected to focus on personalization, partnerships with retail and fintech platforms, and expansion into non-retail services to capture new growth State of the BNPL Market Strong E-commerce Integration: BNPL services are embedded within major online retailers such as Coolblue, and Zalando. Providers offer flexible installment options to improve customer conversion rates and enhance shopping experiences for electronics, apparel, and home goods. Consumer Shift Towards Flexible Credit: Dutch consumers increasingly opt for BNPL services over traditional credit cards, driven by convenience and low-cost repayment options. Millennials and Gen Z are key drivers of this trend, particularly in the online fashion and electronics segments. Omnichannel Expansion: While online adoption remains high, BNPL providers are extending their reach to offline retailers in sectors such as automotive, healthcare, and travel. Providers aim to offer consistent payment flexibility across online and in-person shopping channels. Key Players and New Entrants Key Players: Klarna, Riverty (formerly Afterpay), and PayPal (Pay Later) are leading the Dutch BNPL market. Klarna's strong partnerships with major e-commerce platforms give it a competitive edge, while Riverty focuses on offering installment plans tailored to merchants' needs. New Entrants: Regional providers such as in3 (an interest-free BNPL solution) and other fintech startups are entering the market, offering competitive repayment options and personalized services. These entrants aim to capitalize on the growing demand for flexible payment alternatives in both online and offline sectors. E-Commerce Integration Driving BNPL Demand E-commerce remains the backbone of BNPL adoption in the Netherlands. Platforms like Zalando, and Wehkamp have expanded BNPL options to attract tech-savvy customers seeking payment flexibility. In March 2024, Zalando partnered with Klarna to offer zero-interest installment plans during its seasonal sales, which resulted in a 40% increase in sales for fashion and footwear categories. BNPL is particularly popular for mid-to-high-value purchases, such as electronics, household goods, and apparel, where installment options help ease immediate financial pressure on consumers. Online shopping events like Singles' Day and Black Friday saw record BNPL transactions, with Klarna reporting a year-over-year increase during the November 2024 Black Friday weekend. Consumer Trends: Flexibility and Financial Control Dutch consumers highly value transparency and control over their finances. BNPL adoption is rising due to its convenience in allowing shoppers to spread payments without incurring traditional credit card debt. Consumers are increasingly wary of hidden fees. In response, providers such as AfterPay have launched educational campaigns emphasizing financial literacy and responsible borrowing practices. Expansion into Travel and Lifestyle Services The Dutch travel industry is capitalizing on BNPL to boost bookings. In April 2024, Sunweb Group partnered with Klarna to offer installment plans for vacation packages. Similarly, Dutch Railways (NS) piloted a BNPL option for long-distance train tickets, aiming to attract commuters and tourists who prefer flexible payment methods for travel. Lifestyle services, such as gym memberships and wellness retreats, increasingly adopt BNPL as consumers look for manageable ways to finance experiences rather than just physical goods. Sector Diversification into Sustainability Financing Sustainability is a growing focus for BNPL providers in the Netherlands. Riverty launched a green financing initiative in partnership with IKEA Netherlands, offering installment plans for energy-efficient products like solar panels and smart home devices. Dutch consumers increasingly seek financing options for eco-friendly home upgrades, aligning with national sustainability goals. Installment plans for electric vehicles (EVs) and energy-efficient home renovations are gaining traction. Offline Retail Adoption and Regulatory Changes While offline BNPL usage has expanded in sectors like furniture and electronics, the Dutch government has expressed concerns about impulse-driven debt accumulation. The Ministry of Finance proposed stricter regulations limiting or banning BNPL in physical stores. Retailers like Coolblue and MediaMarkt have continued offering BNPL at point-of-sale (POS) terminals. Still, they are also investing in omnichannel strategies to maintain consumer access to installment plans across online and offline platforms. Technological Innovations and Fintech Integration The Netherlands has a well-developed fintech ecosystem, and BNPL providers are investing in technology to enhance user experience. Riverty introduced AI-driven repayment personalization, allowing users to adjust their installment plans based on monthly income. Klarna launched a new feature that integrates BNPL with loyalty programs, enabling consumers to earn rewards points on installment purchases. Dutch banks, including Rabobank, have partnered with BNPL providers to integrate installment payment services within their digital banking apps, creating a seamless financial management experience for users. Recent Launches, Mergers, and Acquisitions Riverty's New Features: In collaboration with local retailers, Riverty introduced upgraded repayment options, including longer-term installment plans. This move aims to attract more high-value purchases in both online and physical stores. Anticipated Competitive Dynamics Personalization and AI-driven Innovation: Providers will likely invest in AI to offer tailored credit limits and repayment plans based on consumers' spending behavior. These innovations will help improve customer experience and foster brand loyalty. Non-Retail Sector Expansion: BNPL providers are expected to diversify their offerings by targeting the healthcare, education, and travel sectors. Flexible payment options for medical expenses, tuition fees, and vacation bookings are projected to drive new revenue streams. Increased Regulatory Compliance: As regulatory oversight increases, smaller players may exit the market or seek consolidation with larger providers. Larger firms with the capacity to comply with stricter consumer protection measures are likely to gain a competitive advantage. Key Attributes: Report Attribute Details No. of Pages 88 Forecast Period 2025 - 2030 Estimated Market Value (USD) in 2025 $10.29 Billion Forecasted Market Value (USD) by 2030 $16.4 Billion Compound Annual Growth Rate 9.8% Regions Covered Netherlands Companies Featured Klarna Afterpay Paypal Credit Riverty Alfa Aplazame Snoop 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 Dutch 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
- Yahoo
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
Yahoo
17-02-2025
- Business
- Yahoo
Singapore Buy Now Pay Later Market Report 2025: A $1.94 Billion Market by 2030, with Compound Annual Growth of 7.9% Forecast During 2025-2030
Singapore's BNPL market is expanding rapidly, fueled by the rise of e-commerce and changing consumer preferences for flexible payment options. Established players such as Atome, GrabPay, and Rely drive competition, while recent mergers and acquisitions, such as Pace Enterprise's acquisition of Rely, indicate a trend toward market consolidation. As the sector matures, BNPL providers are expected to enhance their service offerings and form strategic partnerships to capture a larger share of the growing market. Looking ahead, regulatory oversight will play a crucial role in shaping the BNPL landscape in Singapore. While the industry operates under a self-regulated framework supported by MAS, stricter compliance requirements may emerge to ensure responsible lending and consumer protection. Singaporean Buy Now Pay Later Market Dublin, Feb. 17, 2025 (GLOBE NEWSWIRE) -- The "Singapore 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 Singapore is expected to grow by 11.1% on annual basis to reach US$1.32 billion in 2025. Singapore's BNPL market experienced robust growth during 2021-2024, achieving a CAGR of 19.3%. This upward trajectory is expected to continue, with the market forecast to grow at a CAGR of 7.9% during 2025-2030. By the end of 2030, the BNPL sector is projected to expand from its 2024 value of USD 1.19 billion to approximately USD 1.94 billion. This report provides a detailed data-centric analysis of the Buy Now Pay Later (BNPL) industry in Singapore, 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 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 InsightsSingapore's BNPL market is undergoing rapid growth, driven by increasing consumer demand for flexible payment solutions and digital commerce expansion. The sector's adoption is fueled by e-commerce, consumer preference for alternative credit, and the integration of BNPL into non-traditional sectors such as transportation. As BNPL services extend beyond retail into daily essential services, they are becoming a key component of Singapore's digital payments the next few years, competition in the BNPL space will intensify, with more providers entering the market and forming strategic partnerships. ShopBack's acquisition of Hoolah highlights the trend of consolidation and collaboration among BNPL players. As the industry matures, innovation in payment solutions and regulatory developments will shape the market, ensuring that BNPL remains a widely adopted and sustainable financial tool in Singapore's evolving financial Adoption of BNPL Services The rising adoption of BNPL is largely driven by consumers seeking more flexible and interest-free payment options to manage their purchases. As digital payments gain traction, BNPL services are becoming integral to Singapore's financial ecosystem, particularly in online retail and everyday transactions. E-commerce growth has significantly accelerated BNPL adoption as more consumers opt for installment-based payments instead of upfront costs. Additionally, the preference for alternative credit solutions is increasing, as BNPL provides a transparent and accessible option compared to traditional credit cards. These factors have encouraged BNPL providers to expand their reach, forming partnerships with merchants across various sectors to capture a larger market share. Companies will likely introduce more innovative BNPL models and diversify their offerings to cater to wider consumer needs. As adoption intensifies, regulatory frameworks and responsible lending practices will also play a critical role in shaping the future of BNPL services in Singapore. Integration of BNPL into Various Sectors Expanding BNPL services beyond retail into sectors such as transportation and utilities is reshaping Singapore's digital payment landscape. Grab's introduction of 'PayLater' allows consumers to defer payments across its various services, including ride-hailing, food delivery, and digital payments. This diversification highlights the increasing role of BNPL in everyday transactions, making installment-based payments more accessible beyond traditional shopping. The primary driver of this trend is the growing need for flexible financing solutions for essential services. By offering BNPL options for transportation and utilities, providers enable consumers to manage their expenses more effectively, reducing financial strain. This shift is also supported by the broader adoption of digital payment ecosystems, where consumers expect seamless and convenient financing options integrated into their daily lives. Over the next few years, BNPL's integration into multiple sectors will accelerate the transition toward a cashless society. As adoption grows, more service providers will likely introduce BNPL options to attract and retain customers. This expansion could also increase consumer spending, as installment-based payment models encourage higher transaction values and greater financial inclusion across different income groups. Strategic Partnerships Enhancing BNPL Reach Strategic partnerships are crucial in expanding the reach of BNPL services in Singapore. ShopBack's acquisition of Hoolah exemplifies how BNPL providers are consolidating and forming alliances to strengthen their market presence. By integrating BNPL services with cashback and rewards programs, such collaborations enhance consumer engagement and expand the use of installment-based payment options. The main driver behind these partnerships is the opportunity to leverage established customer bases and merchant networks for rapid market expansion. By integrating BNPL with existing financial and retail ecosystems, providers can offer more seamless payment solutions while diversifying their services. These alliances also create synergies between fintech companies, payment platforms, and retailers, helping BNPL providers scale more efficiently in a competitive market. Over the next few years, BNPL partnerships are expected to increase the visibility and mainstream acceptance of installment-based payments. As more companies integrate BNPL into their service offerings, competition will drive further innovation in payment solutions and customer experience. This trend will likely contribute to the long-term sustainability of BNPL in Singapore, making it a widely accepted alternative to traditional credit. Competitive Landscape and Regulatory Developments in Singapore's Buy Now, Pay Later (BNPL) MarketSingapore's BNPL market is expanding rapidly, fueled by the rise of e-commerce and changing consumer preferences for flexible payment options. Established players such as Atome, GrabPay, and Rely drive competition, while recent mergers and acquisitions, such as Pace Enterprise's acquisition of Rely, indicate a trend toward market consolidation. As the sector matures, BNPL providers are expected to enhance their service offerings and form strategic partnerships to capture a larger share of the growing ahead, regulatory oversight will play a crucial role in shaping the BNPL landscape in Singapore. While the industry operates under a self-regulated framework supported by MAS, stricter compliance requirements may emerge to ensure responsible lending and consumer protection. As competition intensifies and regulatory frameworks evolve, BNPL providers will need to focus on innovation and sustainable business practices to maintain growth and remain competitiveCurrent State of the BNPL Market Singapore's BNPL market is expanding rapidly, fueled by the growth of e-commerce and shifting consumer preferences toward flexible payment solutions. As more consumers seek interest-free installment options, BNPL providers integrate their services across various retail and digital platforms. BNPL is set to become a key component of Singapore's digital financial ecosystem. The increasing adoption of cashless transactions and alternative credit solutions will continue driving BNPL expansion. As competition intensifies, providers will likely introduce new features and partnerships to enhance accessibility and capture a larger share of the growing market. Key Players and New Entrants Atome: A leading BNPL provider in Singapore, Atome offers consumers the flexibility to split their purchases into interest-free installments. GrabPay: Integrated within the Grab ecosystem, GrabPay provides BNPL options, allowing users to defer payments across various services, including transportation and food delivery. Hoolah: Before its acquisition by ShopBack, Hoolah was a notable BNPL provider in Singapore, enabling consumers to make purchases and pay in installments. Rely: Rely offers BNPL services, allowing consumers to split their purchases into interest-free installments. Outlook Over the next 2-4 years, the BNPL market in Singapore is expected to continue its expansion, driven by ongoing digitalization and increasing consumer demand for flexible payment options. However, the competitive landscape will likely intensify as new entrants emerge and existing players enhance their offerings. Regulatory scrutiny is also anticipated to increase, with the potential for more stringent guidelines to ensure responsible lending practices and consumer protection. Providers must navigate this evolving environment by focusing on innovation, strategic partnerships, and compliance with regulatory standards to maintain and grow their market share. Regulatory Changes In response to the rapid growth of BNPL services and potential consumer risks, the Monetary Authority of Singapore (MAS) has been closely monitoring the sector. MAS supports effective industry self-regulation through a BNPL Code of Conduct, which includes safeguards such as age restrictions and credit limits to mitigate the risk of consumers accumulating excessive debt. Companies Featured Atome ShopBack GrabPay Hoolah Pace LatitudePay SeaMoney Ablr Rely Octifi Key Attributes: Report Attribute Details No. of Pages 88 Forecast Period 2025 - 2030 Estimated Market Value (USD) in 2025 $1.32 Billion Forecasted Market Value (USD) by 2030 $1.94 Billion Compound Annual Growth Rate 7.9% Regions Covered Singapore Report ScopeThis report provides in-depth, data-centric analysis of Buy Now Pay Later industry in Singapore through 58 tables and 75 charts. Below is a summary of key market segments. Singapore BNPL Market Size and Spending Pattern Singapore Buy Now Pay Later Revenue Analysis Singapore Buy Now Pay Later Operational KPIs & Statistics Singapore BNPL by Purpose Singapore BNPL by Business Model Singapore BNPL by Merchant Ecosystem Singapore BNPL by Distribution Model Analysis Singapore Buy Now Pay Later Market Share Analysis by Key Players Singapore BNPL Analysis by Channel Singapore Buy Now Pay Later in Retail Shopping: Market Size and Forecast Singapore Buy Now Pay Later in Home Improvement: Market Size and Forecast Singapore Buy Now Pay Later in Travel: Market Size and Forecast Singapore Buy Now Pay Later in Media and Entertainment: Market Size and Forecast Singapore Buy Now Pay Later in Services: Market Size and Forecast Singapore Buy Now Pay Later in Automotive: Market Size and Forecast Singapore Buy Now Pay Later in Healthcare and Wellness: Market Size and Forecast Singapore Buy Now Pay Later in Others: Market Size and Forecast Singapore 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 Singaporean 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
