Buy Now Pay Later Services Market 2024 - By Analysis, Trend, Future Scope, Demand, Leading Key Players And Industry Growth Forecast Till 2033
Overview and Scope The buy now pay later services market includes revenues earned by entities by providing services such as interest-free installments, deferred payments, fixed-term financing, and subscription services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. Sizing and Forecast The buy now pay later services market size has grown exponentially in recent years. It will grow from $6.51 billion in 2023 to $8.42 billion in 2024 at a compound annual growth rate (CAGR) of 29.3%. The growth in the historic period can be attributed to increased penetration of smartphones, increased consumer trust in digital payments, increased consumer awareness of financial management, increased consumer demand for flexible payment options, and increased consumer trust in digital payments. The buy now pay later services m