Asia-Pacific Buy Now Pay Later (BNPL) Market is Predicted to Reach USD 339.72 Billion by 2030

According to the study by Next Move Strategy Consulting, the Asia-Pacific Buy Now Pay Later (BNPL) Market size is predicted to reach USD 339.72 billion, at a CAGR of 29.4% by 2030.

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The rise of e-commerce shopping creates a pivotal role in driving the growth of the Buy Now Pay Later (BNPL) market. As online shopping continues to gain traction among consumers for its convenience and variety, BNPL services have seamlessly integrated into e-commerce platforms, offering shoppers the option to pay for purchases in installments.

The expansion of the Buy Now Pay Later (BNPL) market trends is propelled significantly by its unparalleled convenience for consumers. In contrast to conventional payment modalities mandating upfront full payment, BNPL services enable customers to disburse their purchases into smaller, manageable installments over time.

The high fees and interest rates within the buy now, pay later (BNPL) sector possess the potential to impede its progression by dissuading consumers from availing themselves of these offerings. To mitigate this challenge, BNPL providers must meticulously regulate their fee frameworks and interest rates, ensuring affordability while preserving competitiveness.

India to witness substantial growth in the Asia-Pacific Buy Now Pay Later Market. The growth trajectory of the market has been significantly influenced by the ascent of e-commerce.

The market players operating in the Asia-Pacific buy now pay later industry include Affirm Holdings, Inc., Atome, Block, Inc. (Square), Klarna Bank AB (PULP), Latitude, Openpay, PayPal Holdings, Inc., Sezzle, Scalapay, Zip Co Ltd. (Zip), and others.