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Buy Now Pay Later - Thematic Research

Publisher GlobalData
Published May 12, 2022
Length 49 Pages
SKU # GBDT17266393

Description

Buy Now Pay Later - Thematic Research

Summary

This report discusses the disruptive potential of the BNPL sector on the payments industry. It identifies the leading companies that are driving growth in the space as well as the benefits BNPL provides to both merchants and consumers. The report also discusses the risks around BNPL loans and the future regulatory outlook.

Buy now pay later (BNPL) providers disrupt the lending sector by simplifying access to loans to consumers and reducing friction at payment points. The sector has been around for many years, but it has seen rapid growth recently as key players expanded into new regions. Long dominated by key BNPL providers such as Klarna, Clearpay, and Affirm, the sector is now being challenged by incumbent card networks and banks such as Visa, Mastercard, and Barclays. The sector has been able to grow so rapidly partly due to a lack of regulation. However, governing bodies are reviewing the sector and considering imposing rules to protect consumers from accumulating unmanageable debt.

Scope
  • The global BNPL sector reached $160 billion in 2021.
  • Millennials and Generation Z are the main demographics driving the adoption of BNPL.
  • UK consumers paid $50.7 million in BNPL late fees in the UK in 2020, while one in 10 consumers dealt with debt collectors due to unpaid loans.
  • In 2020, Klarna reached 87 million users, generated $1 billion in revenue, but reported a loss of $139 million.
Reasons to Buy
  • Understand key technology, macroeconomic, and regulatory trends driving BNPL.
  • Find out how BNPL challenges the payment card market.
  • Find out how incumbent financial institutions are responding to BNPL.
  • Identify the key players in the sector.

Table of Contents

49 Pages
  • Executive Summary
    • Figure 1: Who are the leading players in the BNPL theme and where do they sit in the value chain?
    • Technology trends
    • Macroeconomic trends
    • Regulatory trends
    • Figure 2: BNPL market size
    • Figure 3: Australia ecommerce market share
    • Figure 4: Sweden's ecommerce market share
    • Figure 5: BNPL usage
    • Figure 6: Amount borrowed
    • Regulation
    • Mergers and Acquisitions
    • Figure 7: The BNPL story
    • Figure 8: The BNPL value chain
    • Lending
    • Open banking
    • Security provider
    • Credit bureaus
    • Credit card model vs. BNPL model
    • Traditional lenders providing BNPL services
    • Risks of BNPL
    • Companies
    • Payments sector scorecard
    • Ecommerce sector scorecard
    • Glossary
  • Secondary Sources
    • GlobalData reports
    • Figure 24: Our five-step approach for generating a sector scorecard
  • About GlobalData
  • Contact Us

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