Buy Now Pay Later (BNPL) Market Research Report

PayNXT360's Buy Now Pay Later Market Intelligence Platform analyzes thousands of data points online and offline on strategy, innovation, and consumer behavior. This helps clients spot unique opportunities that directly impact revenues. With over 200 market segments in the Buy Now Pay Later payment industry across the top 50 economies, PayNXT360's market opportunity database offers the most detailed view.

The B2B payments industry has been growing rapidly over the last few years, and the trend is projected to further continue from the medium-term perspective.

In 2021, the social commerce industry experienced rapid growth in Indonesia, on the back of the global pandemic outbreak and subsequent…

The B2B payments industry has been growing rapidly over the last few years, and the trend is projected to further continue from the medium-term perspective.

In 2021, the social commerce industry experienced rapid growth in Indonesia, on the back of the global pandemic outbreak and subsequent consumers’ shift to online shopping channels.

In Indonesia alone, the gross merchandise value is expected to increase from US$8.2 billion in 2023 to US$22.1 billion in 2028, according to PayNXT360 estimates.

Amid the growing competitive landscape, Visa and Mastercard are both seeking to disrupt the B2B payments category through the rapid expansion of their innovative prepaid card offerings worldwide.

VISA AND MASTERCARD DISRUPT B2B PAYMENTS WITH PREPAID CARD EXPANSION IN 2023 In 2021, the social commerce industry experienced rapid growth in Indonesia, on th...

VISA AND MASTERCARD DISRUPT B2B PAYMENTS WITH PREPAID CARD EXPANSION IN 2023 The B2B payments industry has been growing rapidly over the last few years, and th...

Gift cards are one of the fastest growing categories in prepaid cards due to their versatility as a gifting and payment solution. Many companies are getting into the gift card space to capitalize on their growth potential.

The online casino market has been growing at a rapid rate, as more and more state legalizes and regulate online gaming in the United States.

Even though the adoption of buy now pay later schemes has continued to grow in 2023, firms have been finding it difficult to achieve profitability. The inflation-led macroeconomic environment has had a severe impact on the bottom line of many buy now pay later firms worldwide.

Digitalization, tech-savvy population, and increasing trend of strategic alliances is driving the growth of the global gift card market in 2023. The growth rate is significantly higher in markets like the United States.

Ever since the pandemic outbreak, the e-commerce industry landscape has undergone a major revamp, with social commerce emerging as the next growth driver for the global market.

PayNXT360 believes successful implementation and acceptance of prepaid digicard will help in adoption of prepaid cards by other government bodies in India. Also, it can help both business and government to enter the prepaid card market in order to leverage on the cross-selling opportunities as well as expand their customer base, resulting in better cost management and higher ROI.

The newer entrant in the ever growing Nigerian mobile payment industry is a fully encrypted mobile wallet app, Nairabox. Also termed as social digital wallet, Nairabox can be used to pay utility bills, airline tickets, buy airtime, pay for events and cinema tickets as well as donate for charities.

Digitalization, rising e-commerce activities, and a tech-savvy population are the key factors aiding the growth of the global prepaid card and digital wallet market in 2023. The trend is projected to further continue over the next five years,