Global Buy Now Pay Later Business and Investment Opportunities Report, Q3 2022 - Domestic BNPL Firms are Considering Regional Expansion to Drive Market Share and Growth - ResearchAndMarkets.com
Global BNPL payments are expected to grow by 44.2% on an annual basis to reach US$614.6 billion in 2022.
- Global BNPL payments are expected to grow by 44.2% on an annual basis to reach US$614.6 billion in 2022.
- Over the past four to eight quarters, the use of buy now, pay later (BNPL) goods and services has steadily increased in the Africa & Middle East region.
- The e-commerce sector's explosive rise in the Middle East and North Africa will also help the BNPL market expand.
- Consequently, domestic BNPL firms are considering regional expansion to capitalize on the high growth potential of the Middle Eastern BNPL industry.