Dublin, Feb. 09, 2024 (GLOBE NEWSWIRE) — The “Asia Pacific Buy Now Pay Later Business and Investment Opportunities Databook – 75+ KPIs on BNPL Market Size, End-Use Sectors, Market Share, Product Analysis, Business Model, Demographics – Q1 2024 Update” report has been added to ResearchAndMarkets.com’s offering.
This detailed databook offers over 75 Key Performance Indicators (KPIs) on the thriving BNPL market, forecasting a significant growth expected to reach US$414.5 billion by 2029.
Key Findings from the BNPL Asia Pacific Databook
The report showcases a strong medium to long-term growth prospect for the BNPL industry across Asia Pacific, highlighting a 12.3% CAGR during the period of 2024-2029. With rising consumption patterns and the increasing demand for credit solutions, the BNPL payments in the region are poised for exponential growth, expanding the market from its 2023 estimated value of US$198.2 billion.
Strategic Partnerships Fuel Industry Expansion
The research underscores the importance of strategic alliances in the BNPL sector, with noteworthy collaborations such as Visa’s recent partnership with Standard Chartered Bank to extend BNPL solutions across the Asia Pacific, starting with markets in Malaysia and Singapore. Startups are also making headway with substantial funding rounds aimed at escalating their technological capabilities and capturing a broader consumer base in high-growth markets like India.
Venture Capital Boosts BNPL Innovation in India
India’s BNPL market is described as a beehive of investment and innovation, with startups such as SalarySe raising substantial funds to refine their technology and introduce novel BNPL solutions like credit-on-UPI systems. These initiatives are anticipated to stimulate the Indian BNPL sector, which is a significant contributor to the overall APAC BNPL market growth.
- Increased BNPL Adoption in Southeast Asia
- Major Debt Facilities and Strategic Partnerships to Expand BNPL Reach
- Focus on Mobile Commerce and Digital Payments
The databook also sheds light on the Southeast Asian BNPL market, where countries like Indonesia are spearheading growth. Renowned financial service firms are renewing major debt facilities to support expansion endeavors in emerging markets such as the Philippines. Additionally, partnerships in the region like Fundiin’s strategic alliance with Pharmacity in Vietnam are set to further propel the BNPL market.
E-Commerce Surge Underlines BNPL Growth
The report attributes the strong growth trajectory of BNPL payment mechanisms over recent quarters to the burgeoning penetration of e-commerce and changing consumer payment preferences. This trend is supported by a comprehensive analysis of the operational statistics and consumer behavior within the BNPL sector across different retail categories.
BNPL Market Dynamics and Forecasts
The data-rich publication offers a detailed analysis of BNPL market dynamics, including market size and forecast, along with market share statistics at the country level for the Asia Pacific region. The nuanced analysis, broken down by business models, sales channels, and distribution models, provides a granular view of the BNPL market.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 1044 |
| Forecast Period | 2024 – 2029 |
| Estimated Market Value (USD) in 2024 | $232.5 Billion |
| Forecasted Market Value (USD) by 2029 | $414.5 Billion |
| Compound Annual Growth Rate | 12.3% |
| Regions Covered | Asia Pacific |
A Bundled Offering, Combining 11 Reports, 1 Regional Report and 10 Country Reports (660 tables and 840 charts):
- Asia Pacific Buy Now Pay Later Business and Investment Opportunities (2020-2029) Databook
- Australia Buy Now Pay Later Business and Investment Opportunities (2020-2029) Databook
- China Buy Now Pay Later Business and Investment Opportunities (2020-2029) Databook
- India Buy Now Pay Later Business and Investment Opportunities (2020-2029) Databook
- Indonesia Buy Now Pay Later Business and Investment Opportunities (2020-2029) Databook
- Japan Buy Now Pay Later Business and Investment Opportunities (2020-2029) Databook
- Malaysia Buy Now Pay Later Business and Investment Opportunities (2020-2029) Databook
- Philippines Buy Now Pay Later Business and Investment Opportunities (2020-2029) Databook
- Singapore Buy Now Pay Later Business and Investment Opportunities (2020-2029) Databook
- South Korea Buy Now Pay Later Business and Investment Opportunities (2020-2029) Databook
- Thailand Buy Now Pay Later Business and Investment Opportunities (2020-2029) Databook
For more information about this report visit https://www.researchandmarkets.com/r/ilkjms
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
- Asian Pacific Buy Now Pay Later Market
