United Kingdom 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

United Kingdom 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: 6131267 •
  • Format: PDF
According to PayNXT360’s analysis, the BNPL market in the United Kingdom recorded an annual growth of 61.1% in 2020. The key drivers behind the strong growth of BNPL services in the United Kingdom include pent-up demand, the shift from credit cards to debit cards, and the need to manage finances effectively. The substantial growth of the BNPL services is also encouraging multinational BNPL service providers to invest in the market.

As more and more consumers are opting for the deferred payment solution in the United Kingdom, the potential for savings on membership fees and interest payments is likely to increase. However, with the market expected to experience double-digit growth over the next few years, it is imperative that the frameworks which govern the flexible payment solution also adapt to ensure that the industry continues to be trustworthy.

The significant growth of the BNPL flexible payment model is largely benefiting the major BNPL providers such as Klarna, Laybuy, ClearPay, and PayPal Credit in the United Kingdom. Klarna is considered to be the market leader, with nearly 10 million registered customers in the country. Moreover, the BNPL provider is recording strong growth of new users, with 95,000 customers adopting the deferred payment platform each week in the United Kingdom.

BNPL services targeting direct-to-consumer is rising. Most of the BNPL schemes in the United Kingdom and worldwide are run by third parties. BNPL firms deal with online retailers (e-commerce platforms) and integrate their product offerings in their checkout options along with other payment methods. For instance, Zilch, the London-based BNPL startup, has entirely bypassed the need to integrate its product offering into the checkout process of e-commerce providers, as done by major BNPL firms worldwide. The key differentiation with Zilch has been their partnership with MasterCard.

Medium to long term growth story of BNPL industry in United Kingdom remains strong. The BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 21.7% during 2021-2028. The BNPL Gross Merchandise Value in the country will increase from US$ 5827.2 million in 2020 to reach US$ 35298.2 million by 2028.

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