Saudi Arabia 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

Saudi Arabia 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

  • August 2021 •
  • 50 pages •
  • Report ID: 6131258 •
  • Format: PDF
Consumers in Saudi Arabia are becoming comfortable with card payments. However, a large portion of consumers still prefers to pay with cash-on-delivery (COD). It is because they want the product first and then pays for it. With deferred payment services, consumers can receive the product first and then pay later when they feel satisfied. Consequently, the BNPL payment option is creating a win-win situation for both merchants and consumers in the country. According to PayNXT360’s Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 69.4% on annual basis to reach US$ 321.4 million in 2021.

Growth in the e-commerce industry to further drive the adoption of deferred payment methods in Saudi Arabia. Similar to other global markets, the retail landscape changed significantly in Saudi Arabia in 2020, primarily because of the global pandemic. For instance, the e-commerce industry in the region posted substantial growth in the last three quarters. Apart from fashion, beauty, and electronic products, consumers took to the e-commerce platform to buy groceries and other essential products.

The Saudi Arabian deferred payment space is still evolving, with many financial technology startups aiming to gain market share in the country. Apart from the Saudi Arabia-based Tamara, UAE-based FinTech startup Tabby and Spotti have also launched their BNPL services for consumers in the country.

Both of these BNPL services have gained substantial traction for merchants and consumers alike in the Kingdom. For instance, Tamara has partnered with more than 1,000 merchants on its platform. The BNPL startup has partnered with both online and offline merchants in the country and is also expanding its service across KSA and other regions in the GCC.

Medium to long term growth story of BNPL industry in Saudi Arabia remains strong. The BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 27.9% during 2021-2028. The BNPL Gross Merchandise Value in the country will increase from US$ 189.7 million in 2020 to reach US$ 1,796.9 million by 2028.

Scope of the report
This report provides in-depth, data-centric analysis of Buy Now Pay Later industry in Saudi Arabia. Below is a summary of key market segments:
Saudi Arabia BNPL Market Size and Spending Pattern
• Gross Merchandise Value Trend Analysis
• Average Value Per Transaction Trend Analysis
• Transaction Volume Trend Analysis
Saudi Arabia 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
Saudi Arabia Buy Now Pay Later Market Share Analysis by Key Players
Saudi Arabia Buy Now Pay Later Spend Analysis by Channel: Market Size and Forecast
• Online Channel
• POS Channel
Saudi Arabia 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
Saudi Arabia 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
Saudi Arabia 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
Saudi Arabia 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
Saudi Arabia 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
Saudi Arabia 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 purchase
• 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
Loading...

We are very sorry, but an error occurred.
Please contact [email protected] if the problem remains.