Saudi Arabia Buy Now Pay Later Business Report 2023-2028

Dublin, Oct. 20, 2023 (GLOBE NEWSWIRE) — The “Saudi Arabia Buy Now Pay Later Business and Investment Opportunities Databook – 75+ KPIs on BNPL Market Size, End-Use Sectors, Market Share, Product Analysis, Business Model, Demographics – Q2 2023 Update” report has been added to ResearchAndMarkets.com’s offering.

BNPL payments in the Saudi Arabia are expected to grow by 21.7% on an annual basis to reach US$1.4 billion in 2023.

Medium to long term growth story of BNPL industry in Saudi Arabia remains strong. BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 13.1% during 2023-2028. The BNPL Gross Merchandise Value in the Saudi Arabia will increase from US$1.2 billion in 2022 to reach US$2.7 billion by 2028.

The Buy Now Pay Later (BNPL) payment sector in Saudi Arabia has experienced robust growth in the past four quarters, bolstered by the increasing prevalence of ecommerce.

This report offers a comprehensive data-centric analysis of the BNPL industry, delving into market opportunities and potential risks spanning various retail categories. Boasting an extensive repertoire of over 75 key performance indicators (KPIs) customized to the country’s specific context, this report delivers an exhaustive understanding of the BNPL market’s dynamics. It encompasses critical aspects such as market size, forecasts, and statistics regarding market share.

The report further dissects these opportunities by categorizing them based on the type of business model, sales channels (offline and online), and distribution models. Additionally, it provides a snapshot of consumer behavior and the dynamics of retail spending in Saudi Arabia. The KPIs, presented in both value and volume terms, facilitate a nuanced comprehension of the dynamics operative in the end market.

The research methodology adheres to industry best practices, ensuring an impartial analysis facilitated by a proprietary analytics platform. This approach provides a comprehensive view of emerging business and investment opportunities in the market.

Reasons to buy

• Get a comprehensive understanding of market dynamics for Buy Now Pay Later: Identify market opportunities, major trends, and forecasting (2019-2028). Understand market trends through crucial KPIs like Gross Merchandise Value, Volume, and Average Value per Transaction, to stay ahead of the curve.
• Insights by end-use sectors: Evaluate new opportunities across multiple end-use sectors, and obtain market dynamics by end-use sectors in order to swiftly catch up with the latest and upcoming developments in BNPL markets.
• Market-specific strategies: Identify growth segments focused on specific opportunities, and analysing market-specific risks and important trends in the BNPL sector with our exclusive blend of quantitative forecasting and innovative insights.
• Gain knowledge of consumer attitudes and actions: This report identifies and interprets important Buy Now Pay Later KPIs, such as spend by age, gender, and income level, using data from a proprietary survey.
• Develop proactive and lucrative business strategies through market intelligence and forward-looking analysis of BNPL market spend and major opportunities in Saudi Arabia.

Scope

Saudi Arabia Buy Now Pay Later Market Share Analysis by Key Players

• tamara
• Spotti
• Tabby
• Postpay
• Cashew Payments

Saudi Arabia BNPL Market Size and Spending Pattern, 2019-2028

• Gross Merchandise Value Trend Analysis
• Average Value Per Transaction Trend Analysis
• Transaction Volume Trend Analysis

Saudi Arabia Buy Now Pay Later Revenue Analysis, 2019-2028

• 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

Saudi Arabia Buy Now Pay Later Operational KPIs & Statistics, 2019-2028

• Buy Now Pay Later Active Consumer Base
• Buy Now Pay Later Bad Debt

Saudi Arabia BNPL by Purpose, 2019-2028

• Convenience – Short Term Loans
• Credit – Long Term Loans

Saudi Arabia BNPL by Business Model, 2019-2028

• Two-Party (BNPL offered by retailers)
• Three-Party BNPL Offering

Saudi Arabia BNPL by Merchant Ecosystem, 2019-2028

• Open Loop System
• Closed Loop System

Saudi Arabia BNPL by Distribution Model Analysis, 2019-2028

• Standalone
• Banks & Payment Service Providers
• Marketplaces

Saudi Arabia BNPL Analysis by Channel, 2019-2028

• Online Channel
• POS Channel

Saudi Arabia Buy Now Pay Later in Retail Shopping: Market Size and Forecast, 2019-2028

• Gross Merchandise Value Trend Analysis
• Average Value Per Transaction Trend Analysis
• Transaction Volume Trend Analysis

Saudi Arabia Buy Now Pay Later in Home Improvement: Market Size and Forecast, 2019-2028

• Gross Merchandise Value Trend Analysis
• Average Value Per Transaction Trend Analysis
• Transaction Volume Trend Analysis

Saudi Arabia Buy Now Pay Later in Travel/Entertainment: Market Size and Forecast, 2019-2028

• Gross Merchandise Value Trend Analysis
• Average Value per Transaction Trend Analysis
• Transaction Volume Trend Analysis

Saudi Arabia Buy Now Pay Later in Services: Market Size and Forecast, 2019-2028

• Gross Merchandise Value Trend Analysis
• Average Value Per Transaction Trend Analysis
• Transaction Volume Trend Analysis

Saudi Arabia Buy Now Pay Later in Automotive: Market Size and Forecast, 2019-2028

• Gross Merchandise Value Trend Analysis
• Average Value Per Transaction Trend Analysis
• Transaction Volume Trend Analysis

Saudi Arabia Buy Now Pay Later in Healthcare and Wellness: Market Size and Forecast, 2019-2028

• Gross Merchandise Value Trend Analysis
• Average Value Per Transaction Trend Analysis
• Transaction Volume Trend Analysis

Saudi Arabia Buy Now Pay Later in Groceries: Market Size and Forecast

• Gross Merchandise Value Trend Analysis
• Average Value Per Transaction Trend Analysis
• Transaction Volume Trend Analysis

Saudi Arabia Buy Now Pay Later Analysis by Consumer Attitude and Behaviour

• Sales Uplift by Product Category
• Share by Age Group
• Share by Income
• Share by Gender
• Adoption Rationale

For more information about this report visit https://www.researchandmarkets.com/r/59yvf7

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• Saudi Arabian Buy Now Pay Later Market