DUBLIN–(BUSINESS WIRE)–The “Asia Pacific Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook – 75+ KPIs on Buy Now Pay Later Trends by End-Use Sectors, Operational KPIs, Retail Product Dynamics, and Consumer Demographics” report has been added to ResearchAndMarkets.com’s offering.
Buy now pay later (BNPL) trend is becoming popular across APAC by enabling consumers to defer payments and access credit. The increase in uptake of BNPL service across APAC has been fuelled by Gen Z and millennial shoppers. Some companies which have embraced BNPL service include Grab, ride hailing firm; Traveloka, a travel platform; Tokopedia, an ecommerce marketplace; and Alibaba and JD.com, e-commerce giants.
Some pure players operating in the market include Kredivo (Indonesia) and Hoolah (Singapore). The BNPL trend has also taken off in Australia where players including Afterpay, Zip Pay, and Splitit have taken share from traditional credit card companies owing to fast approvals.
Afterpay is planning to further expand in Asia by capitalizing on acquisition of EmpatKali, Singapore-based BNPL firm. For year ended June 2020, Afterpay had around 10M active users. In July 2020, Afterpay collaborated with Google Pay to extend its BNPL service. Also, earlier in May 2020, Tencent, Chinese multinational conglomerate, bought a 5% stake in Afterpay for US$252M.
Even in Southeast Asia, the BNPL trend has been gaining popularity and attracting investments. For instance, Cashalo, an online lending firm, received funding of US$20M via its Hong Kong-based parent firm Oriente and is expanding BNPL offering in the Philippines, to compete against local competitors such as BillEase and Manila-based Jungle and TendoPay .
Scope
BNPL Market Size and Spending Pattern
Buy Now Pay Later Market Share Analysis by Key Players
Buy Now Pay Later Spend Analysis by Channel: Market Size and Forecast
Buy Now Pay Later in Retail Shopping: Market Size and Forecast
Buy Now Pay Later in Home Improvement: Market Size and Forecast
Buy Now Pay Later in Leisure & Entertainment: Market Size and Forecast
Buy Now Pay Later in Healthcare and Wellness: Market Size and Forecast
Buy Now Pay Later in Education: Market Size and Forecast
Buy Now Pay Later in Automotive: Market Size and Forecast
Buy Now Pay Later Analysis by Consumer Attitude and Behaviour
Reasons to Buy
This offering is a bundled offering, combining one regional and 10 country reports:
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/ygidcz
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
An iterative process is highly effective in increasing the value of large items HONG KONG…
HOHHOT, CHINA - Media OutReach Newswire - 7 November 2024 - In Q4 2024, the…
TAIPEI, TAIWAN - Media OutReach Newswire - 7 November 2024 - TVBS is a leading…
Redefining the Golden Years with “Care Food” HONG KONG SAR - Media OutReach Newswire -…
TAIPEI, TAIWAN - Media OutReach Newswire - 7 November 2024 - The UK's Competition and…
PHNOM PENH, CAMBODIA - Media OutReach Newswire - 7 November 2024 - The way people…