November 14, 2021
Markets

BNPL End-Use Sectors, Operational KPIs, Market Share, Retail Product Dynamics, and Consumer Demographics

DUBLIN, Oct. 15, 2021 /PRNewswire/ — The “Australia Buy Now Pay Later Business and Investment Opportunities 2019-2028” report has been added to ResearchAndMarkets.com’s offering.

Medium to long term growth story of BNPL industry in Australia remains strong. The BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 24.0% during 2021-2028. The BNPL Gross Merchandise Value in the country will increase from US$ 7354.4 million in 2020 to reach US$ 52456.2 million by 2028.

The BNPL market has been one of the fastest-growing markets in Australia. As more and more consumers are inclining towards BNPL services primarily due to interest-free deferred payment solutions, the market recorded significant growth in recent years. With a favorable regulatory framework and the presence of the world’s leading BNPL companies, the sector is expected to attract…

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