The market for Buy Now Pay Later Platforms refers to customers who make their purchases home but pay for them over time. Buy Now Pay Later, a relatively recent entrant among the myriad digital payment methods used for e-commerce transactions appears to be gaining traction.
Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 22.3 %, during the tenure of 2021 – 2027.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of Buy Now Pay Laterin the region, the Value – Chain analysis, and the PORTER’s analysis for the Buy Now Pay Latermarket at a global level.
On the basis of enterprise size, the global buy now pay later market is sub-segmented into Large Enterprises, Small & Medium Enterprises.
The Large Enterprises segment held the largest share of 63% in 2020. The purchase now, pay later payment method is extensively used by large businesses since it provides clients with a flexible and inexpensive payment option for high-value items. Customers are able to purchase more things as a result of the ease of shopping, resulting in increased sales. As a result, BNPL assists large businesses in considerably increasing their customer experience.
The Small & Medium Enterprises segment has a high growth rate of xx% during the forecast period. Small and medium-sized businesses all over the world are focusing on BNPL solutions to improve sales conversion rates. Furthermore, by exposing all of its rates, payment schedules, and fees, BNPL provides greater transparency. Small and medium businesses concentrate on increasing their sales and enhancing their market position. They can get a competitive advantage by implementing BNPL solutions.
The study is consolidated on the basis of segments and further into sub-segments by channel (Online, POS) enterprise size (Large Enterprises, Small & Medium Enterprises) end-user
(Consumer Electronics, Fashion & Garment, Healthcare, Leisure & Entertainment, Retail, Others).
Lastly, the market research report provides a regional comparison and a complete country level analysis for the latest trends, along with the major key players– Afterpay, PayPal Holdings, Inc., Affirm, Inc., Klarna Inc., Splitit, Sezzle, Perpay Inc., Openpay, Quadpay, Inc., LatitudePay, Afterpay, Akulaku, Amazon, Apple Pay, Atome, Carbon Zero, Cashalo, Clearbanc, Divido, Google Pay, hoolah, Mastercard, Paidy, PayBright, PayPal, Pine Labs, QuadPay, Visa, Zilch.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Buy Now Pay Later Market.”
https://www.maximizemarketresearch.com/market-report/global-buy-now-pay-later-market/118477/
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