Marketing & Market Research
Mexico Buy Now Pay Later Business and Investment Opportunities (2019-2028) – 75+ KPIs on Buy Now Pay Later Trends by End-Use Sectors, Operational KPIs, Market Share, Retail Product Dynamics, and Consumer Demographics
Mexico Buy Now Pay Later Business and Investment Opportunities (2019-2028) – 75+ KPIs on Buy Now Pay Later Trends by End-Use Sectors, Operational KPIs, Market Share, Retail Product Dynamics, and Consumer Demographics
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Mexico Buy Now Pay Later Business and Investment Opportunities (2019-2028) – 75+ KPIs on Buy Now Pay Later Trends by End-Use Sectors, Operational KPIs, Market Share, Retail Product Dynamics, and Consumer Demographics
Report Description
The buy now, pay later (BNPL) segment has been gaining its market quite rapidly across the world. However, the BNPL service has not yet taken off in the Mexican market. While the BNPL lending model is still in its early stages of development in the country, PayNXT360 expects that access to consumer information has been a significant obstacle to the growth of the Mexican BNPL sector. The lack of access to consumer information is largely attributed to the fact that more than half of the population in Mexico is unbanked. According to PayNXT360’s Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 132.3% on annual basis to reach US$ 1993.3 million in 2021.
In recent years, the significant growth in the e-commerce industry has created an impressive growth opportunity for the fintech companies and BNPL segment in Mexico. Notably, Mexico is the second-largest Latin American country in terms of population, wherein a substantial chunk of the population is already shopping online.
Mexican startups are disrupting the BNPL space by analyzing potential risks. For instance, Nelo, the Mexican BNPL startup, has already proven that offering financial products to analyze better the risk of potential borrowers works for launching a successful BNPL product. In January 2020, the BNPL provider launched their first financial product for consumers in Mexico. The product was quite similar to a debit card offered by a neobank.
Rising in-store partnerships are also driving the BNPL market growth. Atrato, Mexico City-based BNPL service, has partnered with both online as well as brick-and-mortar retailers in the region to offer its BNPL service to consumers. From bicycle stores to dental aligners, Atrato has partnered with different offline retailers to grow its user base and expand its market share in the country. With the popularity of flexible payment services growing in Mexico, PayNXT360 expects more BNPL firms to strengthen their in-store network to attract new borrowers.
Medium to long term growth story of BNPL industry in Mexico remains strong. The BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 38.7% during 2021-2028. The BNPL Gross Merchandise Value in the country will increase from US$ 858.0 million in 2020 to reach US$ 19,707.0 million by 2028.
Scope
This report provides in-depth, data-centric analysis of Buy Now Pay Later industry in Mexico. Below is a summary of key market segments:
Mexico BNPL Market Size and Spending Pattern
• Gross Merchandise Value Trend Analysis
• Average Value Per Transaction Trend Analysis
• Transaction Volume Trend Analysis
Mexico Buy Now Pay Later Operational KPIs
• Buy Now Pay Later Revenues, 2019 – 2028
• Buy Now Pay Later Share by Revenue Segments
• Buy Now Pay Later Merchant Commission, 2019 – 2028
• Buy Now Pay Later Missed Payment Fee Revenue, 2019 – 2028
• Buy Now Pay Later Pay Now & Other Income, 2019 – 2028
• Buy Now Pay Later Active Consumer Base, 2019 – 2028
• Buy Now Pay Later Bad Debt, 2019 – 2028
Mexico Buy Now Pay Later Market Share Analysis by Key Players
Mexico Buy Now Pay Later Spend Analysis by Channel: Market Size and Forecast
• Online Channel
• POS Channel
Mexico Buy Now Pay Later in Retail Shopping: Market Size and Forecast
• Gross Merchandise Value Trend Analysis
• Average Value Per Transaction Trend Analysis
• Transaction Volume Trend Analysis
Mexico Buy Now Pay Later in Home Improvement: Market Size and Forecast
• Gross Merchandise Value Trend Analysis
• Average Value Per Transaction Trend Analysis
• Transaction Volume Trend Analysis
Mexico Buy Now Pay Later in Leisure & Entertainment: Market Size and Forecast
• Gross Merchandise Value Trend Analysis
• Average Value Per Transaction Trend Analysis
• Transaction Volume Trend Analysis
Mexico Buy Now Pay Later in Healthcare and Wellness: Market Size and Forecast
• Gross Merchandise Value Trend Analysis
• Average Value Per Transaction Trend Analysis
• Transaction Volume Trend Analysis
Mexico Buy Now Pay Later in Other: Market Size and Forecast
• Gross Merchandise Value Trend Analysis
• Average Value Per Transaction Trend Analysis
• Transaction Volume Trend Analysis
Mexico Buy Now Pay Later Analysis by Consumer Attitude and Behaviour
• Buy Now Pay Later Sales Uplift by Product Category
• Buy Now Pay Later Spend Share by Age Group
• Buy Now Pay Later Gross Merchandise Share by Income
• Buy Now Pay Later Gross Merchandise Value Share by Gender
• Buy Now Pay Later Adoption Rationale Gross Merchandise Value Analysis
Reasons to buy
• In-depth Understanding of Buy Now Pay Later Market Dynamics: Understand market opportunities and key trends along with forecast (2019-2028). Understand market dynamics through essential KPIs such as Gross Merchandise Value, Volume, and Average Value Per Transaction.
• Insights into Opportunity by end-use sectors – Get market dynamics by end-use sectors to assess emerging opportunity across various end-use sectors.
• Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate BNPL strategy; assess market specific key trends, drivers, and risks in the BNPL industry.
• Get Insights into Consumer Attitude and Behaviour: Drawing from proprietary survey results, this report identifies and interprets key Buy Now Pay Later KPIs, including spend by age, gender, and income level.
• Market Share by Key Players