According to PayNXT360, BNPL payment market in Africa is expected to grow by 25.7% on annual basis to reach US$06.5 billion in 2026. The buy now pay later market in the country has experienced robust...
According to PayNXT360, BNPL payment market in Africa is expected to grow by 25.7% on annual basis to reach US$06.5 billion in 2026. The buy now pay later market in the country has experienced robust growth during 2022-2025, achieving a CAGR of 30.5%. This upward trajectory is expected to continue, with the market forecast to grow at a CAGR of 20.7% from 2026-2031. By the end of 2031, the BNPL sector is projected to expand from its 2025 value of USD 05.2 billion to approximately USD 16.8 billion. Key Trends and Drivers 1. Platforms scale BNPL at checkout and extend it into stores • Large ecommerce and retail platforms are embedding BNPL directly at checkout and then extending it into physical stores. In Nigeria, Jumia partnered with Easybuy and CredPal in May 2024 to offer instalment payments at checkout, allowing customers to spread payments while Jumia’s merchants still receive funds upfront. In South Africa, Payflex reports growing adoption among both online and offline retailers, positioning BNPL as a standard option alongside cards and EFT, especially in fashion and electronics. • E-commerce penetration and digital payment adoption are increasing across markets such as South Africa, Nigeria, Kenya, and Egypt, making checkout integration the most efficient distribution route. Merchants use BNPL to support conversion without bearing credit risk. Providers typically fund the transaction and pay merchants upfront. This is attractive in low-margin retail environments and in markets with volatile consumer incomes. Competitive pressure from other payment methods (cards, mobile money, bank credit) pushes BNPL providers to differentiate on integration depth, time-to-activate, and merchant tools rather than solely on price. • BNPL is likely to become a default option on major ecommerce platforms in key markets, with a deeper omnichannel rollout across chains in fashion, electronics, grocery, and pharmacies. Merchant bargaining power will increase as platforms integrate multiple BNPL options and traditional credit products, compressing BNPL merchant fees and pushing providers toward value-added services (analytics, loyalty, marketing support). Smaller stand-alone BNPL providers that lack a strong platform or PSP relationships will find it harder to sustain scale and may pivot to niches or partnership-led models. 2. Mobile money, telcos and device financiers embed BNPL into everyday payments • BNPL is being embedded into mobile money ecosystems and telecom offerings, pushing it beyond ecommerce into everyday spending and asset access. In Kenya, Safaricom and EDOMx’s Faraja BNPL product allows customers to pay later for purchases at merchants accepting Lipa na M-PESA; merchants receive full payment upfront, while customers repay later. Craft Silicon’s SpotIt and pay-as-you-go models, such as M-Kopa, extend instalment financing to smartphones, solar systems, and other assets, targeting underbanked consumers in Kenya and neighbouring markets. • Mobile money is widely used in East Africa and parts of West and Central Africa, providing a ready-made channel for credit distribution and repayment. Telcos and device financiers already run large customer bases with detailed usage data, which lowers acquisition and underwriting costs for BNPL-style credit compared with stand-alone fintech apps. Partnerships such as Lipa Later’s collaboration with Mastercard to expand BNPL across Kenya, Uganda, Rwanda and Nigeria aim to leverage global card networks while building on local mobile and merchant ecosystems. • BNPL features will increasingly be presented as part of “account to pay” or “wallet” experiences, e.g., pay later for airtime, utilities, insurance, and tickets rather than as separate BNPL apps. Telco-led and device-financing models are likely to hold a strong position in East Africa and other mobile-money-heavy markets, especially for lower-ticket items and essential services. Competition between mobile money platforms, banks and fintechs over ownership of the consumer relationship will intensify, with BNPL becoming one of several credit features (alongside overdrafts, nano-loans and micro-savings). 3. Regulators broaden oversight of digital credit and BNPL providers • Regulatory bodies across Africa are extending consumer credit and digital lending frameworks to cover BNPL and similar products, focusing on licensing, disclosure and affordability. In Kenya, amendments under the Business Laws (Amendment) Act 2024 mean all non-deposit-taking credit providers, including BNPL providers, must obtain licences from the Central Bank of Kenya, which is tightening oversight of both digital and traditional lenders. • In Nigeria, the Federal Competition and Consumer Protection Commission (FCCPC) has introduced DEON digital lending regulations, extending obligations across digital platforms that facilitate unsecured credit, including BNPL-style offers. In Egypt, valU’s digital onboarding at noon marks the first BNPL transaction executed under the Financial Regulatory Authority’s fintech licence, signalling that BNPL is being clearly brought under formal regulatory categories. • The rapid growth of digital lending and BNPL has raised concerns about over-indebtedness, opaque terms, and debt collection practices. Regulators respond by extending existing consumer credit rules to digital channels. Governments in Nigeria, Kenya, Egypt, and South Africa are trying to deepen formal credit markets while maintaining financial stability, which is driving stricter licensing, reporting, and governance standards for BNPL. • BNPL providers will increasingly operate under the same or similar rules as other consumer credit institutions, including affordability assessments, standardized disclosures, complaint handling, and data-sharing obligations. Compliance and capital costs are likely to rise, favouring better-funded players and bank-backed models, while smaller or lightly capitalized BNPL fintechs may exit, consolidate or pivot to pure technology-provider roles. The result is a smaller number of licensed, multi-market providers, with clearer risk controls and closer partnerships with banks, insurance firms and credit bureaus. 4. Providers pivot into vertical-specific and higher-value use cases while focusing on sustainability • BNPL in Africa is expanding from general retail into specific sectors such as healthcare, education, travel and SME spending. Ecofinagency reports that Lipa Later has moved beyond consumer retail to finance healthcare and education services in Kenya, Uganda, and Rwanda, reflecting demand for instalment payments on essential, higher-ticket purchases. In Egypt, valU offers instalment financing across categories, including healthcare, education, travel and residential solar, and has recently partnered with TimeOut Sports & Entertainment to allow Egyptian fans to spread payments for FIFA World Cup 2026 hospitality packages. • Households face constrained disposable incomes and often use instalment plans for essential or semi-essential services, not just for discretionary shopping. This supports BNPL adoption in healthcare and education, where upfront payments can be a barrier. Providers are under pressure to reach profitability and improve portfolio quality. Vertical-specific solutions allow them to work closely with merchants (clinics, schools, travel agencies, SMEs) and design tighter risk controls and repayment schedules. The recent financial difficulties and administrative issues at the Kenyan BNPL firm Lipa Later highlight the need for stronger risk management and sustainable economics; investors and regulators are now more cautious about growth-at-all-costs strategies. • BNPL propositions are likely to become more differentiated by use case (e.g., “school fee plans”, “health procedure financing”, “SME inventory instalments”), particularly in East and North Africa. Providers with diversified sector portfolios and more conservative risk practices are better positioned to secure funding and regulatory approval, while single-segment consumer BNPL models without strong underwriting will face increasing constraints. Partnerships with insurers, hospitals, schools and travel intermediaries will deepen, making BNPL an embedded financing tool in these value chains rather than a stand-alone checkout button. Competitive Landscape Competitive intensity is expected to consolidate around regulated, well-capitalized players with omnichannel distribution, ecommerce, mobile money and in-store POS. Compliance demands will reduce the number of small BNPL lenders, while telcos, banks and PSPs strengthen their roles through embedded credit. Cross-border expansion in East and North Africa is likely to increase as partnerships scale up. Current State of the Market • BNPL in Africa operates as a fragmented but increasingly regulated credit segment shaped by ecommerce platforms, mobile-money ecosystems and specialized fintech lenders. South Africa, Kenya, Nigeria and Egypt anchor most activity, each with distinct competitive drivers. In South Africa, BNPL is integrated into established ecommerce and physical retail networks, while in Kenya and Nigeria, mobile money and super app environments influence adoption. Regulatory tightening in Kenya (CBK licensing for credit providers), Nigeria (FCCPC digital lending compliance) and Egypt (FRA fintech licensing) has raised the barriers to entry, shifting competition toward underwriting quality, compliance and distribution partnerships. Key Players and New Entrants • Regional fintechs such as Payflex (South Africa), Lipa Later and Faraja/EDOMx (Kenya), valU (Egypt), and CredPal (Nigeria) remain central to market development. Ecommerce platforms, including Jumia, increasingly integrate BNPL through partnerships. Mobile-money-led models such as M-PESA Faraja expand access to offline merchants. New entrants remain selective banks and card networks are entering through partnerships rather than full BNPL builds. Mastercard’s multi-market collaboration with Lipa Later and Jumia’s recent partnerships with consumer credit providers illustrate this partnership-led expansion over standalone fintech launches. Recent Launches, Mergers, and Acquisitions • Activity has centred on partnerships rather than major acquisitions. In 2024, Jumia expanded instalment options through collaborations with EasyBuy and CredPal in Nigeria. valU broadened acceptance through onboarding on noon.com and sector-specific partnerships in Egypt. Safaricom and EDOMx scaled Faraja across Kenyan merchants following regulatory clearance. No large BNPL-specific M&A has occurred recently, but several firms, including Lipa Later in Kenya, have undergone restructuring efforts, signalling capital and operating pressures within the sector. PayNXT360’s research methodology is based on industry best practices. It's unbiased analysis leverages a proprietary analytics platform to offer a detailed view of emerging business and investment market opportunities. AfricaPayNXT360 research methodology follows industry best practices and leverages a proprietary analytics platform to provide an unbiased assessment of market size, usage patterns, revenue models, and consumer behaviour across the Buy Now Pay Later (BNPL) ecosystem. This title from PayNXT360 is a bundled offering, combining the following 5 reports, covering 250+ tables and 400+ figures for the Buy Now Pay Later Market: 1. Africa Buy Now Pay Later Market Business and Investment Opportunities Databook 2. Egypt Buy Now Pay Later Market Business and Investment Opportunities Databook 3. Kenya Buy Now Pay Later Market Business and Investment Opportunities Databook 4. Nigeria Buy Now Pay Later Market Business and Investment Opportunities Databook 5. South Africa Buy Now Pay Later Market Business and Investment Opportunities Databook
This report provides in-depth, data-centric analysis of Buy Now Pay Later industry in Africa through 58 tables and 82 charts. Below is a summary of key market segments: Africa Retail Industry & Ecommerce Market Size and Forecast -- Retail Industry – Spend Value Trend Analysis -- Buy Now Pay Later Share of Retail Industry -- Ecommerce – Spend Value Trend Analysis -- Buy Now Pay Later Share of Ecommerce Africa Buy Now Pay Later Market Size and Industry Attractiveness -- Gross Merchandise Value Trend Analysis -- Average Value Per Transaction Trend Analysis -- Transaction Volume Trend Analysis -- Market Share Analysis by Key Players Africa Buy Now Pay Later Revenue Analysis -- Buy Now Pay Later Revenues -- Buy Now Pay Later Share by Revenue Segments -- Buy Now Pay Later Revenue by Merchant Commission -- Buy Now Pay Later Revenue by Missed Payment Fee Revenue -- Buy Now Pay Later Revenue by Pay Now & Other Income Africa Buy Now Pay Later Operational KPIs -- Buy Now Pay Later Active Consumer Base -- Buy Now Pay Later Bad Debt Africa Buy Now Pay Later Spend Analysis by Business Model -- Two-Party Business Model -- Third-Party Business Model Africa Buy Now Pay Later Spend Analysis by Purpose -- Convenience -- Credit Africa Buy Now Pay Later Spend Analysis by Merchant Ecosystem -- Open Loop System -- Closed Loop System Africa Buy Now Pay Later Spend Analysis by Distribution Model -- Standalone -- Banks & Payment Service Providers -- Marketplaces Africa Buy Now Pay Later Spend Analysis by Channel -- Online Channel -- POS Channel Africa Buy Now Pay Later By End-Use Sector: Market Size and Forecast -- Retail Shopping -- Home Improvement -- Travel -- Media and Entertainment -- Services -- Automotive -- Health Care and Wellness -- Others Africa Buy Now Pay Later By Retail Product Category: Market Size and Forecast -- Apparel, Footwear & Accessories -- Consumer Electronics -- Toys, Kids, and Babies -- Jewelry -- Sporting Goods -- Entertainment & Gaming -- Other Africa Buy Now Pay Later Analysis by Consumer Attitude and Behaviour -- Spend Share by Age Group -- Spend Share by Default Rate by Age Group -- Spend Share by Income -- Gross Merchandise Value Share by Gender -- Adoption Rationale -- Spend by Monthly Expense Segments -- Average Number of Transactions per User Annually -- BNPL Users as a Percentage of Total Adult Population
• Strategic and Innovation Insights: Gain clarity on the future direction of Africa's Buy Now Pay Later market by analysing strategic initiatives, business model evolution, and innovation-led approaches adopted by key BNPL providers to strengthen market positioning. • Comprehensive Understanding of BNPL Market Dynamics in Africa: Assess market size, growth outlook, and structural shifts across retail and e-commerce, supported by detailed segmentation by channel, business model, distribution model, merchant ecosystem, end-use sector, and consumer demographics, underpinned by 90+ KPIs. • Value and Volume-Based KPIs for Market Accuracy: Leverage a robust set of value and volume KPIs, including GMV, average transaction value, transaction volume, active users, revenue, and bad debt, to develop a precise understanding of BNPL adoption, usage intensity, and market maturity. • Competitive Landscape Assessment: Obtain a clear snapshot of the BNPL competitive landscape in Africa, including market share analysis of leading providers, enabling informed benchmarking and evaluation of market concentration and competitive intensity. • Actionable Inputs for Market Entry and Expansion Strategies: Identify high-growth categories, priority end-use sectors, and distribution channels to fine-tune go-to-market and partnership strategies, while assessing key trends, regulatory considerations, and risk factors shaping the BNPL ecosystem. • In-Depth Consumer Behaviour Analysis: Enhance ROI by understanding evolving consumer attitudes and spending behaviour, with insights into BNPL adoption drivers, usage frequency, income and age-based usage patterns, gender splits, and monthly expense segmentation.
This title from PayNXT360 is a bundled offering, combining the following 5 reports, covering 250+ tables and 400+ figures for the Buy Now Pay Later Market: 1. Africa Buy Now Pay Later Market Business and Investment Opportunities Databook 2. Egypt Buy Now Pay Later Market Business and Investment Opportunities Databook 3. Kenya Buy Now Pay Later Market Business and Investment Opportunities Databook 4. Nigeria Buy Now Pay Later Market Business and Investment Opportunities Databook 5. South Africa Buy Now Pay Later Market Business and Investment Opportunities Databook All regional and country-level BNPL reports mentioned above will have a standardized table of contents, ensuring consistency in market sizing, forecasts, competitive landscape, user metrics, regulatory analysis, and investment insights across all markets. 1. About this Report 1.1 Summary 1.2 Methodology 1.3 Definition 1.4 Disclaimer 2. Retail Industry & Ecommerce Market Size and Forecast, 2022–2031 2.1 Retail Industry – Spend Value Trend Analysis, 2022–2031 2.2 Buy Now Pay Later Share of Retail Industry, 2022–2031 2.3 Ecommerce – Spend Value Trend Analysis, 2022–2031 2.4 Buy Now Pay Later Share of Ecommerce, 2022–2031 3. Buy Now Pay Later Industry Attractiveness, 2022–2031 3.1 Buy Now Pay Later – Gross Merchandise Value Trend Analysis, 2022–2031 3.2 Buy Now Pay Later – Average Value Per Transaction Trend Analysis, 2022–2031 3.3 Buy Now Pay Later – Transaction Volume Trend Analysis, 2022–2031 3.4 Buy Now Pay Later Market Share Analysis by Key Players, 2025 4. Buy Now Pay Later Operational KPIs, 2022–2031 4.1 Buy Now Pay Later Revenues, 2022–2031 4.2 Buy Now Pay Later Share by Revenue Segments 4.2.1 Buy Now Pay Later Revenue by Merchant Commission, 2022–2031 4.2.2 Buy Now Pay Later Revenue by Missed Payment Fee Revenue, 2022–2031 4.2.3 Buy Now Pay Later Revenue by Pay Now & Other Income, 2022–2031 4.3 Buy Now Pay Later Active Consumer Base, 2022–2031 4.4 Buy Now Pay Later Bad Debt, 2022–2025–2031 5. Buy Now Pay Later Spend Analysis by Business Model, 2022–2031 5.1 Buy Now Pay Later Two-Party Business Model, 2022–2031 5.2 Buy Now Pay Later Third-Party Business Model, 2022–2031 6. Buy Now Pay Later Spend Analysis by Purpose, 2022–2031 6.1 Buy Now Pay Later Convenience, 2022–2031 6.2 Buy Now Pay Later Credit, 2022–2031 7. Buy Now Pay Later Spend Analysis by Merchant Ecosystem, 2022–2031 7.1 Buy Now Pay Later by Open Loop System, 2022–2031 7.2 Buy Now Pay Later by Closed Loop System, 2022–2031 8. Buy Now Pay Later Spend Analysis by Distribution Model, 2022–2031 8.1 Buy Now Pay Later by Standalone, 2022–2031 8.2 Buy Now Pay Later by Banks & Payment Service Providers, 2022–2031 8.3 Buy Now Pay Later by Marketplaces, 2022–2031 9. Buy Now Pay Later Spend Analysis by Channel, 2022–2031 9.1 Buy Now Pay Later Market Share by Channel, 2022–2031 9.2 Buy Now Pay Later Online Channel Market Size and Forecast, 2022–2031 9.3 Buy Now Pay Later POS Channel Market Size and Forecast, 2022–2031 10. Buy Now Pay Later Snapshot by End-Use Sector, 2022–2031 10.1 Buy Now Pay Later Market Share by End-Use Sector, 2025 10.2 Buy Now Pay Later Sales Uplift by End-Use Segment, 2025 11. Buy Now Pay Later in Retail Shopping: Market Size and Forecast, 2022–2031 11.1 Buy Now Pay Later Retail Shopping – Gross Merchandise Value Trend Analysis, 2022–2031 11.2 Buy Now Pay Later Retail Shopping – Average Value Per Transaction Trend Analysis, 2022–2031 11.3 Buy Now Pay Later Retail Shopping – Transaction Volume Trend Analysis, 2022–2031 12. Buy Now Pay Later Market Size and Forecast by Retail Product Categories, 2022–2031 12.1 Buy Now Pay Later Share by Retail Product Category, 2025 12.2 Buy Now Pay Later by Retail Product Categories – Average Order Value Trend Analysis, 2025 12.3 Buy Now Pay Later Retail Shopping – Apparel, Footwear & Accessories – Gross Merchandise Value Trend Analysis, 2022–2031 12.4 Buy Now Pay Later Retail Shopping – Consumer Electronics – Gross Merchandise Value Trend Analysis, 2022–2031 12.5 Buy Now Pay Later Retail Shopping – Toys, Kids, and Babies – Gross Merchandise Value Trend Analysis, 2022–2031 12.6 Buy Now Pay Later Retail Shopping – Jewellery – Gross Merchandise Value Trend Analysis, 2022–2031 12.7 Buy Now Pay Later Retail Shopping – Sporting Goods – Gross Merchandise Value Trend Analysis, 2022–2031 12.8 Buy Now Pay Later Retail Shopping – Entertainment & Gaming – Gross Merchandise Value Trend Analysis, 2022–2031 12.9 Buy Now Pay Later Retail Shopping – Others – Gross Merchandise Value Trend Analysis, 2022–2031 13. Buy Now Pay Later in Home Improvement: Market Size and Forecast, 2022–2031 13.1 Buy Now Pay Later Home Improvement – Gross Merchandise Value Trend Analysis, 2022–2031 13.2 Buy Now Pay Later Home Improvement – Average Value Per Transaction Trend Analysis, 2022–2031 13.3 Buy Now Pay Later Home Improvement – Transaction Volume Trend Analysis, 2022–2031 14. Buy Now Pay Later in Travel: Market Size and Forecast, 2022–2031 14.1 Buy Now Pay Later Travel – Gross Merchandise Value Trend Analysis, 2022–2031 14.2 Buy Now Pay Later Travel – Average Value Per Transaction Trend Analysis, 2022–2031 14.3 Buy Now Pay Later Travel – Transaction Volume Trend Analysis, 2022–2031 15. Buy Now Pay Later in Media & Entertainment: Market Size and Forecast, 2022–2031 15.1 Buy Now Pay Later Media & Entertainment – Gross Merchandise Value Trend Analysis, 2022–2031 15.2 Buy Now Pay Later Media & Entertainment – Average Value Per Transaction Trend Analysis, 2022–2031 15.3 Buy Now Pay Later Media & Entertainment – Transaction Volume Trend Analysis, 2022–2031 16. Buy Now Pay Later in Service: Market Size and Forecast, 2022–2031 16.1 Buy Now Pay Later Service – Gross Merchandise Value Trend Analysis, 2022–2031 16.2 Buy Now Pay Later Service – Average Value Per Transaction Trend Analysis, 2022–2031 16.3 Buy Now Pay Later Service – Transaction Volume Trend Analysis, 2022–2031 17. Buy Now Pay Later in Automotive: Market Size and Forecast, 2022–2031 17.1 Buy Now Pay Later Automotive – Gross Merchandise Value Trend Analysis, 2022–2031 17.2 Buy Now Pay Later Automotive – Average Value Per Transaction Trend Analysis, 2022–2031 17.3 Buy Now Pay Later Automotive – Transaction Volume Trend Analysis, 2022–2031 18. Buy Now Pay Later in Healthcare and Wellness: Market Size and Forecast, 2022–2031 18.1 Buy Now Pay Later Healthcare and Wellness – Gross Merchandise Value Trend Analysis, 2022–2031 18.2 Buy Now Pay Later Healthcare and Wellness – Average Value Per Transaction Trend Analysis, 2022–2031 18.3 Buy Now Pay Later Healthcare and Wellness – Transaction Volume Trend Analysis, 2022–2031 19. Buy Now Pay Later in Others: Market Size and Forecast, 2022–2031 19.1 Buy Now Pay Later Others – Gross Merchandise Value Trend Analysis, 2022–2031 19.2 Buy Now Pay Later Others – Average Value Per Transaction Trend Analysis, 2022–2031 19.3 Buy Now Pay Later Others – Transaction Volume Trend Analysis, 2022–2031 20. Buy Now Pay Later Analysis by Consumer Attitude and Behaviour, 2022–2031 20.1 Buy Now Pay Later Spend Share by Age Group, 2025 20.1.1 Buy Now Pay Later by Age Group – Gen Z (15–27) – Gross Merchandise Value Trend Analysis, 2022–2031 20.1.2 Buy Now Pay Later by Age Group – Millennials (28–44) – Gross Merchandise Value Trend Analysis, 2022–2031 20.1.3 Buy Now Pay Later by Age Group – Gen X (45–60) – Gross Merchandise Value Trend Analysis, 2022–2031 20.1.4 Buy Now Pay Later by Age Group – Baby Boomers (60+) – Gross Merchandise Value Trend Analysis, 2022–2031 20.2 Buy Now Pay Later Spend Share by Default Rate by Age Group, 2025 20.3 Buy Now Pay Later Share by Income, 2025 20.3.1 Buy Now Pay Later by Income Level – Tier 1 – Gross Merchandise Value Trend Analysis, 2022–2031 20.3.2 Buy Now Pay Later by Income Level – Tier 2 – Gross Merchandise Value Trend Analysis, 2022–2031 20.3.3 Buy Now Pay Later by Income Level – Tier 3 – Gross Merchandise Value Trend Analysis, 2022–2031 20.4 Buy Now Pay Later Gross Merchandise Value Share by Gender, 2025 20.5 Buy Now Pay Later Adoption Rationale, 2025 20.6 Buy Now Pay Later Market – Spend by Monthly Expense Segments, 2025 20.7 Buy Now Pay Later – Average Number of Transactions per User Annually, 2025 20.8 Buy Now Pay Later Users as a Percentage of Total Adult Population, 2025 21. Further Reading 21.1 About PayNXT360 21.2 Related Research
Table 1: Retail Industry – Spend Value (US$), 2022-2031 Table 2: Ecommerce Spend Value (US$), 2022-2031 Table 3: Buy Now Pay Later – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Table 4: Buy Now Pay Later – Average Value Per Transaction Trend Analysis (US$), 2022-2031 Table 5: Buy Now Pay Later – Transaction Volume Trend Analysis (Thousand), 2022-2031 Table 6: Buy Now Pay Later – Revenues (US$ Million), 2022-2031 Table 7: Buy Now Pay Later – Merchant Commission (US$ Million), 2022-2031 Table 8: Buy Now Pay Later – Missed Payment Fee Revenue (US$ Million), 2022-2031 Table 9: Buy Now Pay Later Pay Now & Other Income (US$ Million), 2022-2031 Table 10: Buy Now Pay Later – Active Consumer Base (Thousand), 2022-2031 Table 11: Buy Now Pay Later – Bad Debt (US$ Million), 2022-2025-2031 Table 12: Buy Now Pay Later – Two-party Business Model (US$ Million), 2022-2031 Table 13: Buy Now Pay Later – Third-Party Business Model (US$ Million), 2022-2031 Table 14: Buy Now Pay Later – Convenience (US$ Million), 2022-2031 Table 15: Buy Now Pay Later – Credit (US$ Million), 2022-2031 Table 16: Buy Now Pay Later – Open loop system (US$ Million), 2022-2031 Table 17: Buy Now Pay Later – Closed loop system (US$ Million), 2022-2031 Table 18: Buy Now Pay Later – Standalone (US$ Million), 2022-2031 Table 19: Buy Now Pay Later – Banks & Payment Service Providers (US$ Million), 2022-2031 Table 20: Buy Now Pay Later – Marketplaces (US$ Million), 2022-2031 Table 21: Buy Now Pay Later – Gross Merchandise Value by Online Channel (US$ Million), 2022-2031 Table 22: Buy Now Pay Later – Gross Merchandise Value by POS Channel (US$ Million), 2022-2031 Table 23: Buy Now Pay Later Retail Shopping – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Table 24: Buy Now Pay Later Retail Shopping – Average Value Per Transaction Trend Analysis (US$), 2022-2031 Table 25: Buy Now Pay Later Retail Shopping – Transaction Volume Trend Analysis (Thousand), 2022-2031 Table 26: Buy Now Pay Later Retail Shopping - Apparel, Footwear & Accessories – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Table 27: Buy Now Pay Later Retail Shopping - Consumer Electronics – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Table 28: Buy Now Pay Later Retail Shopping - Toys, Kids, and Babies – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Table 29: Buy Now Pay Later Retail Shopping - Jewelry – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Table 30: Buy Now Pay Later Retail Shopping - Sporting Goods – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Table 31: Buy Now Pay Later Retail Shopping - Entertainment & Gaming – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Table 32: Buy Now Pay Later Retail Shopping - Others – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Table 33: Buy Now Pay Later Home Improvement – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Table 34: Buy Now Pay Later Home Improvement – Average Value Per Transaction Trend Analysis (US$), 2022-2031 Table 35: Buy Now Pay Later Retail Shopping Home Improvement – Transaction Volume Trend Analysis (Thousand), 2022-2031 Table 36: Buy Now Pay Later Travel – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Table 37: Buy Now Pay Later Travel – Average Value Per Transaction Trend Analysis (US$), 2022-2031 Table 38: Buy Now Pay Later Travel – Transaction Volume Trend Analysis (Thousand), 2022-2031 Table 39: Buy Now Pay Later Media & Entertainment – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Table 40: Buy Now Pay Later Media & Entertainment– Average Value Per Transaction Trend Analysis (US$), 2022-2031 Table 41: Buy Now Pay Later Media & Entertainment – Transaction Volume Trend Analysis (Thousand), 2022-2031 Table 42: Buy Now Pay Later Service – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Table 43: Buy Now Pay Later Service– Average Value Per Transaction Trend Analysis (US$), 2022-2031 Table 44: Buy Now Pay Later Service – Transaction Volume Trend Analysis (Thousand), 2022-2031 Table 45: Buy Now Pay Later Automotive – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Table 46: Buy Now Pay Later Automotive – Average Value Per Transaction Trend Analysis (US$), 2022-2031 Table 47: Buy Now Pay Later Automotive – Transaction Volume Trend Analysis (Thousand), 2022-2031 Table 48: Buy Now Pay Later Healthcare and Wellness – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Table 49: Buy Now Pay Later Healthcare and Wellness – Average Value Per Transaction Trend Analysis (US$), 2022-2031 Table 50: Buy Now Pay Later Healthcare and Wellness – Transaction Volume Trend Analysis (Thousand), 2022-2031 Table 51: Buy Now Pay Later Others – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Table 52: Buy Now Pay Later Others – Average Value Per Transaction Trend Analysis (US$), 2022-2031 Table 53: Buy Now Pay Later Others – Transaction Volume Trend Analysis (Thousand), 2022-2031 Table 54: Total Gift Spend Analysis (US$ Million), 2022-2031 Table 55: Buy Now Pay Later by Age Group – Millennials (28–44) – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Table 56: Buy Now Pay Later by Age Group – Gen X (45 – 60) – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Table 57: Buy Now Pay Later by Age Group – Baby Boomers (60+) – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Table 58: Buy Now Pay Later by Income Level – Tier 1 – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Table 59: Buy Now Pay Later by Income Level – Tier 2 – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Table 60: Buy Now Pay Later by Income Level – Tier 3 – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031
Figure 1: PayNXT360’s Methodology Framework Figure 2: Retail Industry – Spend Value (US$), 2022-2031 Figure 3: Buy Now Pay Later Share of Retail Industry (%), 2022-2031 Figure 4: Ecommerce – Spend Value (US$), 2022-2031 Figure 5: Buy Now Pay Later Share of Ecommerce, 2022-2031 Figure 6: Buy Now Pay Later – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Figure 7: Buy Now Pay Later – Average Value Per Transaction Trend Analysis (US$), 2022-2031 Figure 8: Buy Now Pay Later – Transaction Volume Trend Analysis (Thousand), 2022-2031 Figure 9: Buy Now Pay Later – Market Share Analysis by Key Players (%), 2025 Figure 10: Buy Now Pay Later – Revenues (US$ Million), 2022-2031 Figure 11: Buy Now Pay Later Share - Revenue Segments (%), 2022-2031 Figure 12: Buy Now Pay Later – Merchant Commission (US$ Million), 2022-2031 Figure 13: Buy Now Pay Later – Missed Payment Fee Revenue (US$ Million), 2022-2031 Figure 14: Buy Now Pay Later Pay Now & Other Income (US$ Million), 2022-2031 Figure 15: Buy Now Pay Later – Active Consumer Base (Thousand), 2022-2031 Figure 16: Buy Now Pay Later – Bad Debt (US$ Million), 2022-2025-2031 Figure 17: Buy Now Pay Later Spend Analysis by Business Model (%), 2022-2031 Figure 18: Buy Now Pay Later – Two-party Business Model (US$ Million), 2022-2031 Figure 19: Buy Now Pay Later – Third-Party Business Model (US$ Million), 2022-2031 Figure 20: Buy Now Pay Later Spend Analysis by Purpose (%), 2022-2031 Figure 21: Buy Now Pay Later – Convenience (US$ Million), 2022-2031 Figure 22: Buy Now Pay Later – Credit (US$ Million), 2022-2031 Figure 23: Buy Now Pay Later Spend Analysis by Merchant Ecosystem (%), 2022-2031 Figure 24: Buy Now Pay Later – Open loop system (US$ Million), 2022-2031 Figure 25: Buy Now Pay Later – Closed loop system (US$ Million), 2022-2031 Figure 26: Buy Now Pay Later Spend Analysis by Distribution Model (%), 2022-2031 Figure 27: Buy Now Pay Later – Standalone (US$ Million), 2022-2031 Figure 28: Buy Now Pay Later – Banks & Payment Service Providers (US$ Million), 2022-2031 Figure 29: Buy Now Pay Later – Marketplaces (US$ Million), 2022-2031 Figure 30: Buy Now Pay Later – Gross Merchandise Value Market Share by Channel (%), 2022-2031 Figure 31: Buy Now Pay Later – Gross Merchandise Value by Online Channel (US$ Million), 2022-2031 Figure 32: Buy Now Pay Later – Gross Merchandise Value by POS Channel (US$ Million), 2022-2031 Figure 33: Buy Now Pay Later – Market Share by End-Use Sector (%), 2025 Figure 34: Buy Now Pay Later – Market Share by End-Use Segment (%), 2025 Figure 35: Buy Now Pay Later Retail Shopping – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Figure 36: Buy Now Pay Later Retail Shopping – Average Value Per Transaction Trend Analysis (US$), 2022-2031 Figure 37: Buy Now Pay Later Retail Shopping – Transaction Volume Trend Analysis (Thousand), 2022-2031 Figure 38: Buy Now Pay Later – Market Share by Retail Product Category (%), 2025 Figure 39: Buy Now Pay Later by Retail Product Categories – Average Order Value Trend Analysis (US$), 2025 Figure 40: Buy Now Pay Later Retail Shopping - Apparel, Footwear & Accessories – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Figure 41: Buy Now Pay Later Retail Shopping - Consumer Electronics – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Figure 42: Buy Now Pay Later Retail Shopping - Toys, Kids, and Babies – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Figure 43: Buy Now Pay Later Retail Shopping - Jewelry– Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Figure 44: Buy Now Pay Later Retail Shopping - Sporting Goods – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Figure 45: Buy Now Pay Later Retail Shopping - Entertainment & Gaming – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Figure 46: Buy Now Pay Later Retail Shopping - Others – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Figure 47: Buy Now Pay Later Home Improvement – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Figure 48: Buy Now Pay Later Home Improvement – Average Value Per Transaction Trend Analysis (US$), 2022-2031 Figure 49: Buy Now Pay Later Home Improvement – Transaction Volume Trend Analysis (Thousand), 2022-2031 Figure 50: Buy Now Pay Later Travel – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Figure 51: Buy Now Pay Later Travel – Average Value Per Transaction Trend Analysis (US$), 2022-2031 Figure 52: Buy Now Pay Later Travel – Transaction Volume Trend Analysis (Thousand), 2022-2031 Figure 53: Buy Now Pay Later Service – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Figure 54: Buy Now Pay Later Media & Entertainment – Average Value Per Transaction Trend Analysis (US$), 2022-2031 Figure 55: Buy Now Pay Later Media & Entertainment – Transaction Volume Trend Analysis (Thousand), 2022-2031 Figure 56: Buy Now Pay Later Service – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Figure 57: Buy Now Pay Later Service – Average Value Per Transaction Trend Analysis (US$), 2022-2031 Figure 58: Buy Now Pay Later Service – Transaction Volume Trend Analysis (Thousand), 2022-2031 Figure 59: Buy Now Pay Later Automotive – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Figure 60: Buy Now Pay Later Automotive – Average Value Per Transaction Trend Analysis (US$), 2022-2031 Figure 61: Buy Now Pay Later Automotive – Transaction Volume Trend Analysis (Thousand), 2022-2031 Figure 62: Buy Now Pay Later Healthcare and Wellness – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Figure 63: Buy Now Pay Later Healthcare and Wellness – Average Value Per Transaction Trend Analysis (US$), 2022-2031 Figure 64: Buy Now Pay Later Healthcare and Wellness – Transaction Volume Trend Analysis (Thousand), 2022-2031 Figure 65: Buy Now Pay Later Others – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Figure 66: Buy Now Pay Later Others – Average Value Per Transaction Trend Analysis (US$), 2022-2031 Figure 67: Buy Now Pay Later Others – Transaction Volume Trend Analysis (Thousand), 2022-2031 Figure 68: Buy Now Pay Later – Share by Age Group in Value Terms (%), 2025 Figure 69: Buy Now Pay Later by Age Group – Gen Z (15-27) – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Figure 70: Buy Now Pay Later by Age Group – Millennials (28–44) – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Figure 71: Buy Now Pay Later by Age Group – Gen X (45 – 60) – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Figure 72: Buy Now Pay Later by Age Group – Baby Boomers (60+) – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Figure 73: Buy Now Pay Later – Share by Default Rate by Age Group in Value Terms (%), 2025 Figure 74: Buy Now Pay Later – Share by Income Group in Value Terms (%), 2025 Figure 75: Buy Now Pay Later by Income Level – Tier 1 – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Figure 76: Buy Now Pay Later by Income Level – Tier 2 – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Figure 77: Buy Now Pay Later by Income Level – Tier 3 – Gross Merchandise Value Trend Analysis (US$ Million), 2022-2031 Figure 78: Buy Now Pay Later – Share by Gender in Value Terms (%), 2025 Figure 79: Buy Now Pay Later – Adoption Rationale by Value, 2025 Figure 80: Buy Now Pay Later – Average Monthly Expense Segments, 2025 Figure 81: Buy Now Pay Later – Average Number of Transactions per User Annually (No. of Transactions), 2025 Figure 82: Buy Now Pay Later Users as a Percentage of Total Adult Population (%), 2025
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