Marketing & Market Research
UAE 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
UAE 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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UAE 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) trend is picking pace in the UAE as more financial technology platforms align with retailers to make shopping convenient and more accessible in these cost-conscious times. Apart from the surge in e-commerce shopping, the BNPL movement has become the most significant retail trend that the local retail sector has witnessed since the onset of the global pandemic. According to PayNXT360’s Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 71.5% on annual basis to reach US$ 697.1 million in 2021.
Apart from BNPL's offering on e-commerce stores, investors believe the physical point of sale will play a crucial role in the future of BNPL in the UAE. As the global pandemic impact diminishes, BNPL firms are expected to take more business at the shop in the country.
In recent years, all of the BNPL platforms operating in the United Arab Emirates have entered the deferred payment industry. Consequently, the BNPL industry is still in its early stages of development in the country. Some of the key BNPL platforms that offer consumers the deferred payment option in the UAE include Tabby, Tamara, Spotti, Rise, Postpay, Cashew, and Aramex Smart.
These startups are targeting consumers in different sectors. For instance, UAE-based Tabby offers BNPL services in the fashion and home category, Rise offers BNPL products in the electronics and migrant banking category. In contrast, Spotti allows consumers to make deferred payments in the fashion and beauty categories, and Postpay offers consumers the BNPL service in the travel and health and fitness categories. Notably, Saudi Arabia-based BNPL service, Tamara, allows consumers to make deferred payments in the fashion and beauty category.
Medium to long term growth story of BNPL industry in United Arab Emirates remains strong. The BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 31.8% during 2021-2028. The BNPL Gross Merchandise Value in the country will increase from US$ 333.9 million in 2020 to reach US$ 4032.5 million by 2028.
Scope
This report provides in-depth, data-centric analysis of Buy Now Pay Later industry in UAE. Below is a summary of key market segments:
UAE BNPL Market Size and Spending Pattern
• Gross Merchandise Value Trend Analysis
• Average Value Per Transaction Trend Analysis
• Transaction Volume Trend Analysis
UAE 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
UAE Buy Now Pay Later Market Share Analysis by Key Players
UAE Buy Now Pay Later Spend Analysis by Channel: Market Size and Forecast
• Online Channel
• POS Channel
UAE 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
UAE 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
UAE 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
UAE 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
UAE 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
UAE 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