Malaysia Buy Now Pay Later Business Report 2022: BNPL Providers are Targeting Different Industries to Drive Adoption of their Services and Transaction Volume - ResearchAndMarkets.com
BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 35.4% during 2022-2028.
- BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 35.4% during 2022-2028.
- The BNPL Gross Merchandise Value in the country will increase from US$625.3 million in 2021 to reach US$6,884.7 million by 2028.
- During the global pandemic outbreak, BNPL providers aggressively partnered with e-commerce marketplaces to drive their adoption among consumers globally.
- While BNPL firms continue to partner with e-commerce platforms, they also target other industries to drive their transaction volume in Malaysia.