Report Overview
In 2022, the global Buy Now Pay Later market was valued at US$ 13 Billion. Between 2023 and 2032, this market is estimated to register a CAGR of 25.3%.

The buy now pay later option helps consumers purchase online or in-store without making complete payments. Factors like digitization, increasing merchant adoption, and repeat usage by younger consumers are surging the market. Younger consumers benefit from paying for stationery products for buying high-cost products like laptops, smartphones, smart TV, etc. BNPL services offer a fixed payment schedule, a simplified checkout process, zero interest, and fast approval options to customers looking to make purchases.