Buy Now Pay Later Market: 3 Bold Projections for 2020 : Blispay, Citibank, Divido, Klarna, Hoolah
Edison, NJ -- (SBWire) -- 10/21/2020 --An extensive elaboration of the Buy Now Pay Later - Thematic market strategy of the industry players in the precision of import/export consumption, supply and demand. The study starts with an introduction about the company/manufacturers profiling stating strategic concept behind business using methods to assess and analyze market. It also describes Buy Now Pay Later - Thematic player/manufacturers strategy in the light of Porters, Value Chain & SWOT analysis, and based on that recommendation on players is derived like Afterpay, Affirm, American Express, Ant Financial, Bread, Blispay, Citibank, Divido, Klarna, hoolah, Mastercard, PayPal, Visa, Zip.
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Retail finance has existed as long as there have been merchants selling goods. The latest innovation, commonly referred to as buy now pay later (BNPL), has actually been offered for a couple of decades. However, the combination of the service with mobile and credit at the point of sale POS - both in-store and, more importantly, online - has spurred its rapid growth among the shopping public.
BNPL services offer to facilitate payments between merchants and their customers or suppliers via a short-term, typically interest- and fee-free installment plan. Any normal fees are typically charged to the merchant only, with the consumer charged very little or nothing for spreading the purchase payments out over a standard term. Early repayment is not penalized as the aim is to facilitate the purchase and spread payment by the consumer over multiple pay cycles.
This report analyzes the fast-growing BNPL market. It examines key players and their offerings; analyzes which trends and drivers underpin the growth of the sector; and examines the user base of BNPL firms to draw out insights regarding the market's potential.
Important players listed in the study: Afterpay, Affirm, American Express, Ant Financial, Bread, Blispay, Citibank, Divido, Klarna, hoolah, Mastercard, PayPal, Visa, Zip
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Scope
- While BNPL usage is concentrated among online shoppers, a key growth area has been in-store purchases. But as in-store purchases need to be made via a POS or mobile POS terminal, the spread of these terminals is crucial.
- The business model for BNPL does not allow for widespread defaults or lengthy credit terms in most instances. The main driver of defaults is unemployment. So long as this remains low, the prospects for BNPL services are bright.
- Age has been a major determinant of BNPL use, and the increased prominence of millennials in the economy means BNPL use should accelerate.
On what parameters study is being formulated?
- Analysis Tool: The Buy Now Pay Later - Thematic Market Report contains accurate analysis and evaluation data for key industry players and market coverage using a number of analytical tools like data triangulation and iterative data estimation.
Demand Determinants Tapping top notch application that seeks high growth potentials.
-Key Strategic Developments: This Buy Now Pay Later - Thematic study includes product/service developments of market, including R & D, new launches, M & A, JV & partnerships along with regional growth of leading giants in the market.
-Key Market Features: The study also provides a comprehensive study of key market dynamics and current trends, along with relevant market sectors and sub-sectors.
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Reasons to buy
- Benchmark yourself against the rest of the market.
- Ensure you remain competitive as new innovations and business models begin to emerge.
- Learn about the key trends these digital players are targeting.
- Understand the BNPL value chain, and the value it brings merchants and consumers.
Some extract from Table of Contents
- Overview of Buy Now Pay Later - Thematic Market
- Buy Now Pay Later - Thematic Size (Sales Volume) Comparison by Type (2019-2025)
- Buy Now Pay Later - Thematic Size (Consumption) and Market Share Comparison by Application (2019-2025)
- Buy Now Pay Later - Thematic Size (Value) Comparison by Region (2019-2025)
- Buy Now Pay Later - Thematic Sales, Revenue and Growth Rate (2019-2025)
- Buy Now Pay Later - Thematic Competitive Situation and Trends
- Players/Suppliers High Performance Pigments Manufacturing Base Distribution, Sales Area, Product Type
- Analyze competitors, including all important parameters of Buy Now Pay Later - Thematic
- Buy Now Pay Later - Thematic Manufacturing Cost Analysis
- Marketing Strategy Analysis, Research Conclusions
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