South Africa Buy Now, Pay Later Boom: $5.7 Billion Growth by 2027 Fueled by Credit Access & E-commerce Surge: Ken Research
GURUGRAM, India, Feb. 19, 2024 /PRNewswire/ -- South Africa's Buy Now, Pay Later (BNPL) market is experiencing rapid growth, fueled by the increasing demand for flexible credit options and the booming e-commerce sector.
- GURUGRAM, India, Feb. 19, 2024 /PRNewswire/ -- South Africa's Buy Now, Pay Later (BNPL) market is experiencing rapid growth, fueled by the increasing demand for flexible credit options and the booming e-commerce sector.
- Ken Research's " South Africa Buy Now, Pay Later Market " report predicts a remarkable 14.8% CAGR, translating to a substantial $5.7 billion market size by 2027.
- Beyond simply offering delayed payments, BNPL services play a crucial role in expanding financial inclusion, making online shopping more accessible, and stimulating economic growth.
- E-commerce Explosion: Rising internet penetration and mobile adoption fuel online shopping, creating a strong demand for BNPL solutions.