Dublin, Jan. 24, 2025 (GLOBE NEWSWIRE) -- The "Buy Now Pay Later Market Report 2025" report has been added to ResearchAndMarkets.com's offering.
This Buy Now Pay Later market report covers market characteristics, size & growth, segmentation, regional & country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. The buy now pay later market size has grown exponentially in recent years.
It will grow from $231.51 billion in 2024 to $343.52 billion in 2025 at a compound annual growth rate (CAGR) of 48.
4%. The growth in the historic period can be attributed to e-commerce growth and online shopping trends, consumer demand for flexible payment options, rise of digital wallets and mobile payments, increase in millennial and gen z consumer base, competition among payment service providers. The buy now pay later market size is expected to see exponential growth in the next few years.
It will grow to $1.43 trillion in 2029 at a compound annual growth rate (CAGR) of 43.1%.
The growth in the forecast period can be attributed to expansion of BNPL services to physical retail, growth in cross-border e-commerce, adoption by traditional retailers, emphasis on responsible lending and consumer protection, rise of embedded finance and BNPL as a service. Major trends in the forecast period include integration with point-of-sale systems, personalization of BNPL offers, collaboration between.
