What does the future hold for BNPL market?
By GD50 B and P
The global Buy Now Pay Later (BNPL) market is estimated at a massive $120 million in 2021 – representing just less than 3% of the global ecommerce market. Yet the user-base is massive, with leading provider, Klarna, alone reportedly having 87 million users in 2021.
This market is only expected to grow, with established companies like Apple and Goldman Sachs moving into the BNPL sector in bids to capitalize on this trend.
To help you make the most of this growing market, GlobalData’s Buy Now Pay Later in 2022 and Beyond report provides detailed insight into the BNPL sector.
This report:
- Discusses the disruptive potential of the BNPL sector on the payments industry
- Identifies the leading companies that are driving sector growth and the benefits this new payments solution provides to both merchants and consumers
- Analyzes the consumer’s risk of using BNPL loans and government attempts at introducing regulations to the sector
- Uncovers the main risks that consumers expose themselves to when borrowing with BNPL