Sweden Buy Now Pay Later (BNPL) Market is predicted to reach USD 47.28 Billion by 2030

According to the study by Next Move Strategy Consulting, the Sweden Buy Now Pay Later (BNPL) Market size is predicted to reach USD 47.28 billion, at a CAGR of 28.9% by 2030.

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Merchant adoption of buy now pay later (BNPL) services is a pivotal driver propelling the expansion of the BNPL market. This trend involves integrating BNPL payment options into the offerings of an increasing number of retailers and e-commerce platforms.

The surge in the Buy Now Pay Later (BNPL) market trend is closely intertwined with the rise of e-commerce.

High fees and interest rates in the BNPL market can potentially hinder its growth by discouraging consumers from utilizing these services. This reluctance to embrace BNPL options may restrict market expansion and undermine consumer trust. To mitigate this challenge, BNPL providers must carefully manage their fee structures and interest rates to ensure affordability while sustaining competitiveness.

The market players operating in the Sweden 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.