According to PayNXT360, B2B BNPL payments in the country are expected to grow by 56.9% on an annual basis to reach US$8,364.0 million in 2024. The medium to long-term growth story of the B2B BNPL ind...
According to PayNXT360, B2B BNPL payments in the country are expected to grow by 56.9% on an annual basis to reach US$8,364.0 million in 2024. The medium to long-term growth story of the B2B BNPL industry in the country remains strong. B2B BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 45.0% during 2024-2029. The gross merchandise value in the country will increase from US$5,331.7 million in 2023 to US$53,539.4 million by 2029. The B2B BNPL industry in India is poised to grow at an accelerated pace over the medium term. The credit demand has been on the surge among MSMEs in the Indian market and this trend is projected to further continue over the next three to four years, creating a thriving growth environment for B2B BNPL firms. The awareness of digital lending solutions among business owners will also support the growth of the B2B BNPL industry in India over the medium term. To tap into the growth opportunity, firms in the sector are projected to forge strategic alliances, targeting higher credit disbursement. Overall, PayNXT360 maintains a positive growth outlook for the Indian B2B BNPL industry over the next three to four years. B2B BNPL firms are experiencing a strong growth period amid rising demand for cashflow among SMEs The growing digitalization and higher working capital demand among small and medium-sized businesses is leading the growth for new age lenders, including B2B BNPL firms, in the Indian market. Firms, in the sector, are experiencing a strong growth rate and this trend is projected to continue further over the medium term. • actvy.ai, an AI-powered B2B BNPL firm, revealed that it crossed US$1 billion in transactions in seven months, leading to July 2023. These numbers are a testament to the high-growth B2B BNPL industry in India and the opportunities that lie for firms in the sector over the next three to four years. To accelerate growth and credit disbursement, the firm has been focused on forging strategic alliances. • The firm, notably, partnered with Unity Small Finance Bank in May 2023. The collaboration was part of its strategy to offer B2B BNPL solutions to an increasing number of SMEs in India. Going forward, PayNXT360 expects actvy.ai to forge more such strategic collaborations in the sector, targeting higher credit disbursement and growth over the medium term. actvy.ai is also targeting geographical expansion over the medium term. It is currently expanding operations in Sri Lanka, Bangladesh, Southeast Asia, the Middle East, and the African market. New players are planning to enter the B2B lending market to tap into the growing demand in India The Indian B2B BNPL market is poised for accelerated growth rate over the medium term. Consequently, more and more players are projected to enter the sector, as they seek to gain a piece of the growing market. • Mobikwik, one of the digital payments firms in India, is planning to enter the B2B merchant lending sector. The firm is planning to offer small and mid-sized loans to its existing merchants. The entry into the lending market is part of its strategy to accelerate revenue growth, while also delivering working capital to its merchants in Tier II and III cities of India. • Although the firm has yet to launch a B2B BNPL service, it is already serving credit to customers through a B2C-focused BNPL option. The service has been growing at a significant pace, with disbursals standing at around INR 3 billion in fiscal year 2021 while reaching INR 51 billion in fiscal year 2022. With its focus on the merchant lending sector, the disbursal amount is projected to grow significantly over the medium term. Its entry into the B2B BNPL market will also aid the competitive landscape in the sector, thereby supporting innovation and growth of the broader market from the short to medium-term perspective. The B2B BNPL payment industry in India has recorded strong growth over the last four quarters, supported by increased B2B payments penetration. This report provides a detailed data-centric analysis of the B2B Buy Now Pay Later (BNPL) industry, covering market opportunities and risks across a range of retail categories. With over 50+ KPI's at the country level, this report provides a comprehensive understanding of BNPL market dynamics, market size and forecast, and market share statistics. KPIs in both value and volume terms help in getting an in-depth understanding of end market dynamics. PayNXT360’s research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view of emerging business and investment market opportunities.
This report provides in-depth data-centric analysis of B2B BNPL industry in India through 31 tables and 36 charts. Below is a summary of key market segments: B2B Payments Market Size and Forecast • Global B2B Payments • India B2B Payments India B2B BNPL Market Size and Forecast, 2020-2029 • Gross Merchandise Value Trend Analysis • Avg. Value Per Transaction Value Trend Analysis • Transaction Volume Value Trend Analysis India B2B BNPL in Retail: Market Size and Forecast • Gross Merchandise Value Trend Analysis • Avg. Value Per Transaction Value Trend Analysis • Transaction Volume Value Trend Analysis India B2B BNPL in Manufacturing: Market Size and Forecast • Gross Merchandise Value Trend Analysis • Avg. Value Per Transaction Value Trend Analysis • Transaction Volume Value Trend Analysis India B2B BNPL in Transport and Logistics: Market Size and Forecast • Gross Merchandise Value Trend Analysis • Avg. Value Per Transaction Value Trend Analysis • Transaction Volume Value Trend Analysis India B2B BNPL in Professional Services: Market Size and Forecast • Gross Merchandise Value Trend Analysis • Avg. Value Per Transaction Value Trend Analysis • Transaction Volume Value Trend Analysis India B2B BNPL in Industrial Applications: Market Size and Forecast • Gross Merchandise Value Trend Analysis • Avg. Value Per Transaction Value Trend Analysis • Transaction Volume Value Trend Analysis India B2B BNPL in Health Care: Market Size and Forecast • Gross Merchandise Value Trend Analysis • Avg. Value Per Transaction Value Trend Analysis • Transaction Volume Value Trend Analysis India B2B BNPL in Other: Market Size and Forecast • Gross Merchandise Value Trend Analysis • Avg. Value Per Transaction Value Trend Analysis • Transaction Volume Value Trend Analysis India B2B BNPL Analysis by Channel, 2020-2029 • Online Channel • POS Channel India B2B BNPL by Size of Company, 2020-2029 • Small • Medium • Large
• Gain a thorough understanding of the B2B BNPL market dynamics: Market opportunities, significant trends, and forecasting (2020–2029) are listed. To stay ahead of the curve, comprehend market trends using important KPIs like gross merchandise value, average value per transaction, transaction volume. • Insights by Industry: Evaluate new opportunities across multiple industries, and obtain market dynamics by industry in order to swiftly catch up with the latest and upcoming developments in B2B BNPL markets. • Market-specific strategies: With our unique blend of quantitative forecasting and cutting-edge insights, we can identify growth sectors that are focused on particular opportunities and analyse market-specific risks as well as significant trends in the B2B BNPL industry. • Through industry intelligence, forward-looking research of B2B BNPL market spend, and key opportunities in India, develop proactive and profitable plans for market entry.
India
1 About this Report 1.1 Summary 1.2 Methodology 1.3 B2B BNPL Definitions 1.4 Disclaimer 2. B2B Payments Market Size and Forecast 2.1 Global B2B Payments Value, 2020-2029 2.2 B2B Payments Value, 2020-2029 3. B2B Buy Now Pay Later Industry Attractiveness 3.1 B2B Buy Now Pay Later – Gross Merchandise Value Trend Analysis, 2020-2029 3.2 B2B Buy Now Pay Later – Average Value Per Transaction Trend Analysis, 2020-2029 3.3 B2B Buy Now Pay Later – Transaction Volume Trend Analysis, 2020-2029 3.4 B2B Buy Now Pay Later Market Share Analysis by Key Players 4 B2B Buy Now Pay Later Snapshot by End-Use Sector, 2023 5. B2B Buy Now Pay Later in Retail: Market Size and Forecast, 2020-2029 5.1 B2B Buy Now Pay Later Retail – Gross Merchandise Value Trend Analysis, 2020-2029 5.2 B2B Buy Now Pay Later Retail – Average Value Per Transaction Trend Analysis, 2020-2029 5.3 B2B Buy Now Pay Later Retail – Transaction Volume Trend Analysis, 2020-2029 6. B2B Buy Now Pay Later in Manufacturing: Market Size and Forecast, 2020-2029 6.1 B2B Buy Now Pay Later Manufacturing – Gross Merchandise Value Trend Analysis, 2020-2029 6.2 B2B Buy Now Pay Later Manufacturing – Average Value Per Transaction Trend Analysis, 2020-2029 6.3 B2B Buy Now Pay Later Manufacturing – Transaction Volume Trend Analysis, 2020-2029 7. B2B Buy Now Pay Later in Transport and Logistics: Market Size and Forecast, 2020-2029 7.1 B2B Buy Now Pay Later Transport and Logistics – Gross Merchandise Value Trend Analysis, 2020-2029 7.2 B2B Buy Now Pay Later Transport and Logistics – Average Value Per Transaction Trend Analysis, 2020-2029 7.3 B2B Buy Now Pay Later Transport and Logistics – Transaction Volume Trend Analysis, 2020-2029 8. B2B Buy Now Pay Later in Professional Services: Market Size and Forecast, 2020-2029 8.1 B2B Buy Now Pay Later Professional Services – Gross Merchandise Value Trend Analysis, 2020-2029 8.2 B2B Buy Now Pay Later Professional Services – Average Value Per Transaction Trend Analysis, 2020-2029 8.3 B2B Buy Now Pay Later Professional Services – Transaction Volume Trend Analysis, 2020-2029 9. B2B Buy Now Pay Later in Industrial Applications: Market Size and Forecast, 2020-2029 9.1 B2B Buy Now Pay Later Industrial Applications – Gross Merchandise Value Trend Analysis, 2020-2029 9.2 B2B Buy Now Pay Later Industrial Applications – Average Value Per Transaction Trend Analysis, 2020-2029 9.3 B2B Buy Now Pay Later Industrial Applications – Transaction Volume Trend Analysis, 2020-2029 10. B2B Buy Now Pay Later in Health Care: Market Size and Forecast, 2020-2029 10.1 B2B Buy Now Pay Later Health Care – Gross Merchandise Value Trend Analysis, 2020-2029 10.2 B2B Buy Now Pay Later Health Care – Average Value Per Transaction Trend Analysis, 2020-2029 10.3 B2B Buy Now Pay Later Health Care – Transaction Volume Trend Analysis, 2020-2029 11. B2B Buy Now Pay Later in Other: Market Size and Forecast, 2020-2029 11.1 B2B Buy Now Pay Later Other – Gross Merchandise Value Trend Analysis, 2020-2029 11.2 B2B Buy Now Pay Later Other – Average Value Per Transaction Trend Analysis, 2020-2029 11.3 B2B Buy Now Pay Later Other – Transaction Volume Trend Analysis, 2020-2029 12. B2B Buy Now Pay Later Spend Analysis by Sales Channel 12.1 B2B Buy Now Pay Later Market Share by Sales Channel, 2020-2029 12.2 B2B Buy Now Pay Later Online Channel Market Size and Forecast, 2020-2029 12.3 B2B Buy Now Pay Later POS Channel Market Size and Forecast, 2020-2029 13. B2B Buy Now Pay Later Spend Analysis by Size of Company 13.1 B2B Buy Now Pay Later Market Share by Size of Company, 2020-2029 13.2 B2B Buy Now Pay Later by Company Size – Small – Gross Merchandise Value Trend Analysis, 2020-2029 13.3 B2B Buy Now Pay Later by Company Size – Medium – Gross Merchandise Value Trend Analysis, 2020-2029 13.4 B2B Buy Now Pay Later by Company Size – Large – Gross Merchandise Value Trend Analysis, 2020-2029 14 Further Reading 14.1 About PayNXT360 14.2 Related Research
Table 1: Global B2B Payments Value Trend Analysis (US$ Million), 2020-2029 Table 2: India B2B Payments Value Trend Analysis (US$ Million), 2020-2029 Table 3: India B2B Buy Now Pay Later – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 4: India B2B Buy Now Pay Later – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Table 5: India B2B Buy Now Pay Later – Transaction Volume Trend Analysis (Thousand), 2020-2029 Table 6: India B2B Buy Now Pay Later Retail – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 7: India B2B Buy Now Pay Later Retail – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Table 8: India B2B Buy Now Pay Later Retail – Transaction Volume Trend Analysis (Thousand), 2020-2029 Table 9: India B2B Buy Now Pay Later Manufacturing – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 10: India B2B Buy Now Pay Later Manufacturing – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Table 11: India B2B Buy Now Pay Later Manufacturing – Transaction Volume Trend Analysis (Thousand), 2020-2029 Table 12: India B2B Buy Now Pay Later Transport and Logistics – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 13: India B2B Buy Now Pay Later Transport and Logistics – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Table 14: India B2B Buy Now Pay Later Transport and Logistics – Transaction Volume Trend Analysis (Thousand), 2020-2029 Table 15: India B2B Buy Now Pay Later Professional Services – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 16: India B2B Buy Now Pay Later Professional Services – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Table 17: India B2B Buy Now Pay Later Professional Services – Transaction Volume Trend Analysis (Thousand), 2020-2029 Table 18: India B2B Buy Now Pay Later Industrial Applications – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 19: India B2B Buy Now Pay Later Industrial Applications – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Table 20: India B2B Buy Now Pay Later Industrial Applications – Transaction Volume Trend Analysis (Thousand), 2020-2029 Table 21: India B2B Buy Now Pay Later Health Care – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 22: India B2B Buy Now Pay Later Health Care – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Table 23: India B2B Buy Now Pay Later Health Care – Transaction Volume Trend Analysis (Thousand), 2020-2029 Table 24: India B2B Buy Now Pay Later Others – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 25: India B2B Buy Now Pay Later Others – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Table 26: India B2B Buy Now Pay Later Others – Transaction Volume Trend Analysis (Thousand), 2020-2029 Table 27: India B2B Buy Now Pay Later – Gross Merchandise Value by Online Channel (US$ Million), 2020-2029 Table 28: India B2B Buy Now Pay Later – Gross Merchandise Value by POS Channel (US$ Million), 2020-2029 Table 29: India B2B Buy Now Pay Later by Company Size – Small – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 30: India B2B Buy Now Pay Later by Company Size – Medium – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 31: India B2B Buy Now Pay Later by Company Size – Large – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029
Figure 1: PayNXT360’s Methodology Framework Figure 2: India B2B Buy Now Pay Later – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 3: Global B2B Payments Value Trend Analysis (US$ Million), 2020-2029 Figure 4: India B2B Payments Value Trend Analysis (US$ Million), 2020-2029 Figure 5: India B2B Buy Now Pay Later – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Figure 6: India B2B Buy Now Pay Later – Transaction Volume Trend Analysis (Thousand), 2020-2029 Figure 7: India B2B Buy Now Pay Later - Market Share by End-Use Sector (%), 2023 Figure 8: India B2B Buy Now Pay Later Retail – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 9: India B2B Buy Now Pay Later Retail – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Figure 10: India B2B Buy Now Pay Later Retail – Transaction Volume Trend Analysis (Thousand), 2020-2029 Figure 11: India B2B Buy Now Pay Later Manufacturing – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 12: India B2B Buy Now Pay Later Manufacturing – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Figure 13: India B2B Buy Now Pay Later Manufacturing – Transaction Volume Trend Analysis (Thousand), 2020-2029 Figure 14: India B2B Buy Now Pay Later Transport and Logistics – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 15: India B2B Buy Now Pay Later Transport and Logistics – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Figure 16: India B2B Buy Now Pay Later Transport and Logistics – Transaction Volume Trend Analysis (Thousand), 2020-2029 Figure 17: India B2B Buy Now Pay Later Professional Services – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 18: India B2B Buy Now Pay Later Professional Services – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Figure 19: India B2B Buy Now Pay Later Professional Services – Transaction Volume Trend Analysis (Thousand), 2020-2029 Figure 20: India B2B Buy Now Pay Later Industrial Applications – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 21: India B2B Buy Now Pay Later Industrial Applications – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Figure 22: India B2B Buy Now Pay Later Industrial Applications – Transaction Volume Trend Analysis (Thousand), 2020-2029 Figure 23: India B2B Buy Now Pay Later Health Care – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 24: India B2B Buy Now Pay Later Health Care – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Figure 25: India B2B Buy Now Pay Later Health Care – Transaction Volume Trend Analysis (Thousand), 2020-2029 Figure 26: India B2B Buy Now Pay Later Others – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 27: India B2B Buy Now Pay Later Others – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Figure 28: India B2B Buy Now Pay Later Others – Transaction Volume Trend Analysis (Thousand), 2020-2029 Figure 29: India B2B Buy Now Pay Later – Gross Merchandise Value Market Share by Sales Channel (%), 2020-2029 Figure 30: India B2B Buy Now Pay Later – Gross Merchandise Value by Online Channel (US$ Million), 2020-2029 Figure 31: India B2B Buy Now Pay Later – Gross Merchandise Value by Online Channel (US$ Million), 2020-2029 Figure 32: India B2B Buy Now Pay Later Market Share by Size of Company Gross Merchandise Value (%), 2023 Figure 33: India B2B Buy Now Pay Later by Company Size – Small – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 34: India B2B Buy Now Pay Later by Company Size – Medium – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 35: India B2B Buy Now Pay Later by Company Size – Large – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029
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