UAE Buy Now Pay Later Business and Investment Opportunity Report 2022: UAE-based BNPL Startups are Raising Funding Rounds to Support the Expansion of their Firms Across the Region
BNPL payments are expected to grow by 67.9% on an annual basis to reach US$3,183.4 million in 2022.
- BNPL payments are expected to grow by 67.9% on an annual basis to reach US$3,183.4 million in 2022.
- BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 33.9% during 2022-2028.
- The BNPL Gross Merchandise Value in the country will increase from US$1,895.6 million in 2021 to reach US$18,341.5 million by 2028.
- The United Arab Emirates (UAE) has experienced a steady demand for buy now pay later (BNPL) services.