UAE Buy Now Pay Later Business Report 2023: Domestic BNPL Firms are Expanding their Regional Operations to Accelerate Growth - Forecasts to 2030 - ResearchAndMarkets.com
BNPL payments in UAE are expected to grow by 19.6% on an annual basis to reach US$2.6 billion in 2023.
- BNPL payments in UAE are expected to grow by 19.6% on an annual basis to reach US$2.6 billion in 2023.
- The BNPL Gross Merchandise Value in the UAE will increase from US$2.2 billion in 2022 to reach US$4.7 billion by 2028.
- The BNPL payment industry in UAE has recorded strong growth over the last four quarters, supported by increased ecommerce penetration.
- The robust Internet infrastructure coupled with the surging e-commerce market and digital payment ecosystems has supported the growth of the buy now pay later (BNPL) industry in the United Arab Emirates (UAE).