{"product_id":"uae-buy-now-pay-later-industry-outlook-to-2027-driven-by-adoption-of-cashless-society-increasing-genz-millennials-population-coupled-with-shifting-preference-towards-easy-interest-free-extra-credit-line-sources","title":"UAE Buy Now Pay Later Industry Outlook to 2027: Driven by adoption of cashless society, increasing Genz \u0026 millennials population coupled with shifting preference towards easy interest free extra credit line sources","description":"\u003cp\u003eUAE Buy Now Pay Later Industry Outlook to 2027: Driven by adoption of cashless society, increasing Genz \u0026amp; millennials population coupled with shifting preference towards easy interest free extra credit line sources\u003c\/p\u003e    \n\n\u003cp\u003eThe publication titled “UAE Buy Now Pay Later Industry Outlook to 2027: Driven by adoption of cashless society, increasing Genz \u0026amp; millennials population coupled with shifting preference towards easy interest free extra credit line sources” provides a comprehensive analysis of the Buy Now Pay Later industry in UAE. The report covers various aspects including BNPL industry market size on the basis of revenue, number of transactions and average order value, market overview, Key Features and Development in UAE Buy Now Pay Later Market, How a Buy Now Pay Later Transaction Happen, ecosystem of entities in the UAE BNPL industry, growth drivers, restraints and challenges, major trends and developments, Overview of Global BNPL Industry, Presence of BNPL Players Across Globally, Disruptors of Credit card Globally, Porter’s Five Force Analysis of the UAE Buy Now Pay Later Market, Issues and Challenges in the UAE Buy Now Pay Later Market , SWOT Analysis, Role of Government and Regulations in the UAE Buy Now Pay Later Industry, and Impact of COVID-19. Insights on competitive landscape of BNPL industry, company profile of major BNPL players operating in the ecosystem on the basis of Operational and Financial Parameters, Company Overview, Business Strategy, Marketing Strategy, Recent Developments, Key Partnerships, Key Fitness Partners, Product Portfolio, Key collaboration, Cost Structure and Challenges is also covered in the report. The report also covers analysis of demand side on the basis of Adoption Rationale of Consumers towards Buy Now Pay Later Services ,Cross Comparison of BNPL players on major decision making parameters for brand preference, Consumer Persona Analysis. Further report also focuses on the UAE Buy Now Pay Later Market Segmentation by Mode of Payments (Online vs Offline), by Type of End User (Ecommerce Retail, Consumer Electronics, Food Aggregators and Travel Aggregators), By Geography (Dubai, Sharjah and Abu Dhabi), By Age Group of Consumers,( 15-30 years, 30-40 years, 40-50 years, above 50 years). UAE BNPL Market report concludes with projections for the future of the industry including forecasted industry size by revenue by 2027, and analysts’ take on the future highlighting the major opportunities.The publication titled “UAE Buy Now Pay Later Industry Outlook to 2027: Driven by adoption of cashless society, increasing Genz \u0026amp; millennials population coupled with shifting preference towards easy interest free extra credit line sources” provides a comprehensive analysis of the Buy Now Pay Later industry in UAE. The report covers various aspects including BNPL industry market size on the basis of revenue, number of transactions and average order value, market overview, Key Features and Development in UAE Buy Now Pay Later Market, How a Buy Now Pay Later Transaction Happen, ecosystem of entities in the UAE BNPL industry, growth drivers, restraints and challenges, major trends and developments, Overview of Global BNPL Industry, Presence of BNPL Players Across Globally, Disruptors of Credit card Globally, Porter’s Five Force Analysis of the UAE Buy Now Pay Later Market, Issues and Challenges in the UAE Buy Now Pay Later Market , SWOT Analysis, Role of Government and Regulations in the UAE Buy Now Pay Later Industry, and Impact of COVID-19. Insights on competitive landscape of BNPL industry, company profile of major BNPL players operating in the ecosystem on the basis of Operational and Financial Parameters, Company Overview, Business Strategy, Marketing Strategy, Recent Developments, Key Partnerships, Key Fitness Partners, Product Portfolio, Key collaboration, Cost Structure and Challenges is also covered in the report. The report also covers analysis of demand side on the basis of Adoption Rationale of Consumers towards Buy Now Pay Later Services ,Cross Comparison of BNPL players on major decision making parameters for brand preference, Consumer Persona Analysis. Further report also focuses on the UAE Buy Now Pay Later Market Segmentation by Mode of Payments (Online vs Offline), by Type of End User (Ecommerce Retail, Consumer Electronics, Food Aggregators and Travel Aggregators), By Geography (Dubai, Sharjah and Abu Dhabi), By Age Group of Consumers,( 15-30 years, 30-40 years, 40-50 years, above 50 years). UAE BNPL Market report concludes with projections for the future of the industry including forecasted industry size by revenue by 2027, and analysts’ take on the future highlighting the major opportunities.\u003c\/p\u003e\n\n\u003cp\u003eUAE Buy Now Pay Later Market Overview and Size\u003c\/p\u003e\n\n\u003cp\u003eUAE BNPL market expanded with substantial growth in between 2017 and 2022 with massive expansion in the adoption of BNPL as the mode of payment due to rising industry valuation, trend of contactless payments and the emergence of BNPL lending startups going beyond the typical BNPL card issuance model. The primary factors driving the market growth is the emergence of instant payment anytime and anywhere, rising internet penetration in the country, growing awareness among the users, controlled, secured and efficient transactions with convenience of use and a highly rewarding experience provided by the market players to their users. Several startups and global BNPL players are offering their innovative products and deferred payment services for consumers in the UAE. Moreover, the adoption from merchants is also on the rise as more and more consumers are demanding the BNPL payment method for both in-store as well as online purchases.\u003c\/p\u003e\n\n\u003cp\u003eThese payments are assisted by advanced technology and are, therefore, quick, simple and convenient. On the other hand, consumers too are increasingly being drawn to digital payments due surging adoption of contactless payments post COVID-19 which is also contributing in the growth of BNPL market by increasing their userbase.\u003c\/p\u003e\n\n\u003cp\u003eIn the UAE, the global pandemic has resulted in a shift in consumer spending habits and accelerated adoption of online shopping platforms. This shift in the overall consumer behavior, along with the rise of digital payment solutions, is resulting in buy now, pay later (BNPL) becoming one of the fastest-growing payments methods in the country.\u003c\/p\u003e\n\n\u003cp\u003eAs more and more people across India, including people in rural areas, use smartphones, they get increasingly exposed to digital payment modes. Gen-Zs and millennials are already comfortable with using them as they grew up with technology. Merchants are linking themselves to new-age online payment gateways to allow more and more consumers to access and shop for their products easily. Thus, as digital payment modes are forming the bridge between multiple consumers and merchants, they’re undergoing exponential growth. As the digital payments landscape continues to evolve in the UAE, BNPL firms along with global payment giants are launching innovative, first-of-its-kind shop anywhere BNPL schemes.In November 2021, Postpay, a BNPL platforms in UAE, entered into a strategic collaboration with the Commercial Bank of Dubai and Mastercard. The firm has partnered strategically to launch the region's first-of-its-kind shop anywhere BNPL scheme, with the aim to drive digital payments growth in the UAE. The shop anywhere BNPL scheme allows consumers to purchase online or in-store at thousands of physical stores, such as Decathlon, GAP, Level Shoes, Ace, Apple, Azadea, H\u0026amp;M, Home Center, Mumzworld, Sephora, Sharaf DG, Shein, and Zara.\u003c\/p\u003e\n\n\u003cp\u003eUAE Buy Now Pay Later Market Segmentation\u003c\/p\u003e\n\n\u003cp\u003eBy Mode of Payments (Online and Offline): BNPL market in UAE can be segmented on the basis of mode of payment: Online and Offline where number of BNPL transactions done online accounted for the highest market share as compared to the offline ( instore payments) on the basis of revenue generated in the year 2022.\u003c\/p\u003e\n\n\u003cp\u003eBy Type of End User (Ecommerce Retail, Consumer Electronics, Food Aggregators and Travel Aggregators): Buy Now Pay Later market can be segmented on the basis of type of end user: Ecommerce Retail, Consumer Electronics, Food Aggregators and Travel Aggregators.\u003c\/p\u003e\n\n\u003cp\u003eA major chunk of the revenue share is captured alone by Ecommerce Retail in UAE in 2022 due to incorporation of e-commerce in major segment of daily life activities during the phase of Covid-19.\u003c\/p\u003e\n\n\u003cp\u003eBy Geography (Dubai, Sharjah and Abu Dhabi): Buy Now Pay Later market can be segmented on the basis of geography which generated maximum revenue by BNPL transactions: Dubai, Sharjah and Abu Dhabi. A major chunk of the revenue share is captured alone by Dubai in UAE in 2022 due to presence of most of the BNPL players in this region with their registered office present in Dubai.\u003c\/p\u003e\n\n\u003cp\u003eBy Age Group of Consumers, (15-30 years, 30-40 years, 40-50 years, above 50 years): Buy Now Pay Later market can be segmented on the basis of age group: 15-30 years, 30-40 years, 40-50 years and Above 50 years. 30-40 years of age group accounts for highest market share for using BNPL services in the country in 2022. This is attributed to the increasing working age population which is gradually shifting from credit cards to BNPL as mode of payments.\u003c\/p\u003e\n\n\u003cp\u003eCompetitive Landscape in UAE Buy Now Pay Later Industry\u003c\/p\u003e\n\n\u003cp\u003eTraditionally, UAE BNPL Industry is dominated by few major players in the country such as Tabby, Tamara, Spotii, Cashew, Postpay among others. As the competition continues to intensify in the UAE BNPL market, firms are developing new products and features such as virtual prepaid cards. In September 2021, UAE-based Spotti, which was acquired by global BNPL platform Zip in May 2021, announced that the firm had entered into a strategic alliance with the Abu Dhabi Islamic Bank. Under the collaboration with the Abu Dhabi Islamic Bank, Spotti launched the first virtual BNPL prepaid card in the UAE. The card will allow consumers to make both online as well as in-store purchases with merchants in the country. Spotti users can use their mobile app to load money on their virtual BNPL prepaid card to fund cost-free installment payments.\u003c\/p\u003e\n\n\u003cp\u003eUAE Buy Now Pay Later Market Future Outlook and Projections\u003c\/p\u003e\n\n\u003cp\u003eUAE BNPL market is expected to expand with a single digit CAGR in between 2022 and 2027 on the basis of revenue generated. It is anticipated that BNPL industry will grow at a substantial rate owing to factors such as due to wider acceptability at shops and better product offerings in a competitive landscape in the coming years. UAE has been culturally conservative towards BNPL and it is always seen as a debt trap instrument. But new-age start-ups are very focused on changing this mentality by creating awareness about how BNPL can be used for daily expenditure. Many new FinTechs will be entering the UAE BNPL space by offering BNPL cards to individuals and corporates. All the BNPL Players in this space are trying to attract customers through their digital offerings and will witness significant growth in new BNPL customers in the coming years. BNPL Players are also focusing on bringing out co-branded cards with features and rewards dedicated to a segment. Some global players are providing best-in-class BNPL solutions with the latest mobile application features such as digital onboarding, enhanced UX\/UI, single click payment, QR, token-based payments, dispute resolution, in-app support and spend analysis. Traditional players need to take a cue from these players to enhance their offerings in the coming future. Players in this sector need to focus more on building the omnichannel ecosystem to cater to both the offline and online market.\u003c\/p\u003e\n\n\u003cp\u003eKey Segments Covered in UAE Buy Now Pay Later Industry\u003c\/p\u003e\n\n\u003cp\u003eUAE Buy Now Pay Later Market\u003c\/p\u003e\n\n\u003cp\u003eBy Mode of Payments\u003c\/p\u003e\n\n\u003cp\u003eOnline\u003cbr\u003e\nOffline\u003c\/p\u003e\n\n\u003cp\u003eBy Type of End User\u003c\/p\u003e\n\n\u003cp\u003eEcommerce Retail,\u003cbr\u003e\nConsumer Electronics,\u003cbr\u003e\nFood Aggregators\u003cbr\u003e\nTravel Aggregators\u003c\/p\u003e\n\n\u003cp\u003eBy Geography\u003c\/p\u003e\n\n\u003cp\u003eDubai,\u003cbr\u003e\nSharjah\u003cbr\u003e\nAbu Dhabi\u003c\/p\u003e\n\n\u003cp\u003eBy Age Group of Consumers,\u003c\/p\u003e\n\n\u003cp\u003e15-30 years\u003cbr\u003e\n30-40 years\u003cbr\u003e\n40-50 years\u003cbr\u003e\nAbove 50 years\u003cbr\u003e\nAdoption Rationale of Consumers towards Buy Now Pay Later Services\u003cbr\u003e\nCross Comparison of BNPL players on major decision making parameters for brand preference\u003cbr\u003e\nConsumer Persona Analysis\u003cbr\u003e\nKey Target Audience\u003cbr\u003e\nBNPL Service providing Players\u003cbr\u003e\nNew Gen BNPL Cards Players\u003cbr\u003e\nTraders Loan EMI BNPL Cards Players\u003cbr\u003e\nBanking Institutions Payment System Operators\u003cbr\u003e\nRegulatory Bodies\u003cbr\u003e\nFinTech’s\u003cbr\u003e\nVarious International Digital Lending Platforms and Players\u003cbr\u003e\nNew Entrants in BNPL Space\u003cbr\u003e\nPotential BNPL Users\u003c\/p\u003e\n\n\u003cp\u003eTime Period Captured in the Report:\u003c\/p\u003e\n\n\u003cp\u003eHistorical Period: 2019-2022\u003cbr\u003e\nForecast Period: 2023-2027F\u003cbr\u003e\nUAE Buy Now Pay Later Industry Players\/Ecosystem\u003cbr\u003e\nBNPL Players (Supply Side)\u003cbr\u003e\nTabby\u003cbr\u003e\nTamara\u003cbr\u003e\nSpotii\u003cbr\u003e\nAramex\u003cbr\u003e\nAfterpay\u003cbr\u003e\nRise\u003cbr\u003e\nCashew\u003cbr\u003e\nPostpay\u003cbr\u003e\nSouqalmal\u003cbr\u003e\nLifestyle Merchants (Demand Side)\u003cbr\u003e\nAmazon\u003cbr\u003e\nSHEIN\u003cbr\u003e\nThe Body Shop\u003cbr\u003e\nAdidas\u003cbr\u003e\nActan\u003cbr\u003e\nSwarovski Ebrahim Shop\u003cbr\u003e\nBabytonia\u003cbr\u003e\nFood Merchants (Demand Side)\u003cbr\u003e\nHealthy life\u003cbr\u003e\nGolden Tamper\u003cbr\u003e\nKaram Alnakhil\u003cbr\u003e\nMawared\u003cbr\u003e\nPayment System Operators\u003cbr\u003e\nSimpl SamsungPay\u003cbr\u003e\nApple Pay\u003cbr\u003e\nVISA\u003cbr\u003e\nPayit\u003cbr\u003e\nMastercard\u003cbr\u003e\nGpay\u003cbr\u003e\nRegulators and Facilitators\u003cbr\u003e\nDubai Financial Authority Services\u003cbr\u003e\nFinancial Services Regulatory Authority\u003c\/p\u003e\n\n\u003cp\u003eKey Topics Covered in the Report\u003c\/p\u003e\n\n\u003cp\u003eOverview of Global BNPL Industry\u003cbr\u003e\nPresence of BNPL Players Across Globally\u003cbr\u003e\nDisruptors of Credit card Globally\u003cbr\u003e\nKey Features and Development in UAE Buy Now Pay Later Market\u003cbr\u003e\nHow a Buy Now Pay Later Transaction Happens\u003cbr\u003e\nKey Trends of UAE Buy Now Pay Later Industry\u003cbr\u003e\nEcosystem of Major Entities in Buy Now Pay Later Industry in UAE\u003cbr\u003e\nGrowth Drivers of UAE Buy Now Pay Later Market\u003cbr\u003e\nPorter’s Five Force Analysis of the UAE Buy Now Pay Later Market\u003cbr\u003e\nTrends and Developments in UAE Buy Now Pay Later Market\u003cbr\u003e\nIssues and Challenges in the UAE Buy Now Pay Later Market\u003cbr\u003e\nSWOT Analysis of UAE Buy Now Pay Later Market\u003cbr\u003e\nRole of Government and Regulations in the UAE Buy Now Pay Later Industry\u003cbr\u003e\nImpact of COVID-19\u003cbr\u003e\nAdoption Rationale of Consumers towards Buy Now Pay Later Services\u003cbr\u003e\nCross Comparison of BNPL players on major decision making parameters for brand preference\u003cbr\u003e\nConsumer Persona Analysis\u003cbr\u003e\nInvestment Analysis of Major Players in the BNPL Space from 2016 to 2021\u003cbr\u003e\nUAE BNPL Market Sizing on the basis of number of Number of transaction, revenue and average order value.\u003cbr\u003e\nUAE BNPL Market Segmentation (By Mode of Payment, By Type of End User, By geography and by age group).\u003cbr\u003e\nCompany profile of major BNPL players operating in the ecosystem (Operational and Financial Parameters, Company Overview, Business Strategy, Marketing Strategy, Recent Developments, Key Partnerships, Key Fitness Partners, Product Portfolio, Key collaboration, Cost Structure and Challenges).\u003cbr\u003e\nAnalyst Recommendations\u003cbr\u003e\nIndustry Speaks\u003c\/p\u003e","brand":"Marketing \u0026 Market Research","offers":[{"title":"September, 2022 \/ 119 Pages \/ MCW16259664","offer_id":47696731963698,"sku":null,"price":6000.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/uae-buy-now-pay-later-industry-outlook-to-2027-driven-by-adoption-of-cashless-society-increasing-genz-millennials-population-coupled-with-shifting-preference-towards-easy-interest-free-extra-credit-line-sources","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}