DUBLIN–(BUSINESS WIRE)–The “China 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.
BNPL payment in China is expected to grow by 45.9% on annual basis to reach US$ 194789.8 million in 2021.
Buy Now Pay Later (BNPL) is another digital payment option recording strong growth among Chinese consumers. Some of the key players offering BNPL include Alipay and JD.com.
Alipay is offering BNPL through its Huabei feature, while JD.com is offering the service through its Baitio product. In 2019, Alipay partnered with Klarna to offer their consumers a Pay Later feature for making purchases on its e-commerce platform, AliExpress.
Looking at the growing trend, WeChat also launched its BNPL feature in March 2020. Using the service, known as Fen Fu, consumers will be able to pay for a range of retail purchases. From paying for home improvement to shopping on the e-commerce platform, Chinese millennials have adopted BNPL in large numbers.
Medium to long term growth story of BNPL industry in China remains strong. The BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 16.9% during 2021-2028. The BNPL Gross Merchandise Value in the country will increase from US$ 133531.2 million in 2020 to reach US$ 580176.5 million by 2028.
This report provides a comprehensive view on size and structure, industry dynamics, market trends, consumer attitude and behaviour, and competitive landscape in Buy Now Pay Later industry in China. The report focuses on data-centric analysis of Buy Now Pay Later market dynamics to help companies understand business and investment opportunities along with risks.
It details market opportunities across 40 market segments in Buy Now Pay Later for the period 2019-2028 and identifies opportunities in China. It captures essential KPIs such as Gross Merchandise Value, Volume, and Average Value Per Transaction across end-use segments.
Companies Mentioned
Scope
This report provides in-depth, data-centric analysis of Buy Now Pay Later industry in China. Below is a summary of key market segments:
China BNPL Market Size and Spending Pattern
China Buy Now Pay Later Market Share Analysis by Key Players
China Buy Now Pay Later Spend Analysis by Channel: Market Size and Forecast
China Buy Now Pay Later in Retail Shopping: Market Size and Forecast
China Buy Now Pay Later in Home Improvement: Market Size and Forecast
China Buy Now Pay Later in Leisure & Entertainment: Market Size and Forecast
China Buy Now Pay Later in Healthcare and Wellness: Market Size and Forecast
China Buy Now Pay Later in Education: Market Size and Forecast
China Buy Now Pay Later in Automotive: Market Size and Forecast
China Buy Now Pay Later Analysis by Consumer Attitude and Behaviour
Reasons to Buy
For more information about this report visit https://www.researchandmarkets.com/r/bpxqdr
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