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1.  +91 98715 52944  support[@]kenresearch.com About UsContact UsCareersBlog Register/Login  Report Store  Advisory  Market Surveys  Procurement Research Successes 0 Search Report  BUY NOW, PAY LATER: The future of credit in KSA January 19, 2023 Contact Us Write to us on support[@]kenresearch.com for more details Get this for your business Need regular industry insights and best practises? Have them delivered straight to your inbox Your Eamil ID Need Insights The FinTech sector has been at the forefront of financial innovation and the new form of lending and payment option Buy Now Pay Later (BNPL) is the new evolution-changing dynamics in the payments ecosystem. Though the market is at a nascent stage globally as well as in Saudi Arabia, early signs signify a promising future where it could capture the largest market share among payment methods. 1. ‘Buy Now, Pay Later’ (BNPL) has been popular in Sweden, Germany and other European nations for a long time; Covid- 19 and lockdowns have enforced other nations to adopt it as well Rising Trends of Buy Now Pay Later industry globally, 2022P With the rising e-commerce adoption, the popularity of BNPL also rose as the prospect of delayed payment became more attractive because of the financial uncertainty due to the spike in unemployment during the global pandemic. European countries such as Sweden, Germany, and Norway are leading the BNPL market race Market segmentation of BNPL industry- Europe, 2022P How does a Buy Now Pay Later transaction happen? Integrated Shopping apps and Off-card financing solutions are business models in the BNPL space that have seen high adoption rates across the globe. 2. In KSA, BNPL as a mode of payment is receiving a great response from both retailers and customers due to the perks and convenience attached to this service 1

2. BNPL enables consumers to fetch their products upfront and retailers get paid immediately Digital Payments are gaining a foothold in the Saudi Market as mode a of payment because more fintech are collaborating with merchants With each transaction Via BNPL at Retailers help them in acquiring more customer base and thereby making sales Request a Call with Expert to know more about the business modal 3. As a result, the BNPL industry in KSA is growing at a CAGR of 135% between 2019 and 2022P; around 60% revenue was generated by the e-commerce giants. Market Size of BNPL in KSA, In USD, 2019-2022P Buy Now Pay Later industry has gained huge traction in KSA due to easy credit checks which are solely not based upon the CIBIL score, unlike credit cards. As per report, it has expanded at a CAGR of 135% between 2019 and 2022P. Market Segmentation of BNPL by the type of end user and age group, 2022P Around 60% of the revenue share is captured alone by e-commerce Giants in KSA in 2022P. Gen Z and the millennials remain the first ones to adopt this service due to fewer barriers to adoption, lower fees, and a seamless user experience Type of End User Spends in the KSA BNPL market, 2022P. Age groups of consumers in the KSA BNPL market, 2022P. 4. Owing to increasing adoption of cashless society the BNPL market in KSA is expected to grow at a CAGR of 25%; e- commerce giants will continue to dominate the market share. 1 Future Market Size of Buy Now Pay Later in KSA, In USD, 2022P-2027E

3. With increasing demand for extra credit line with less stringent KYC procedures, the Buy Now Pay Later market in KSA is expected to expand at a CAGR of 25% between 2022P and 2027E Future Market Segmentation of Buy Now Pay Later in KSA by type of end user and by age group of consumers, 2022P-2027E Revenue generated from e-commerce giants will continue to account for the majority share by around 50% in 2027E. Additionally, a gradual increase in the contribution of below 24 years of age group in market share is also forecasted. Type of End User in the KSA BNPL market, 2022P Age groups of consumers in the KSA BNPL market, 2022P Download White Paper Some of the Intelligence Curated by Ken Research in BPNL Space: Malaysia Buy Now Pay Later Market Outlook to 2027F - Driven by Digitalization, Rising Tech-Savvy Population, Increasing M&A Deals, Partnerships between BNPL players and Banks along with shifting preference towards BNPL South Africa Buy Now Pay Later Market Outlook to 2027F– Driven by digitalization, government support, increasing working age population, with upsurge in Gen-Z & millennials population coupled with shifting preference towards easy interest free extra credit line sources 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 India Buy Now Pay Later Market Outlook to 2026: Cascading Growth driven by one-click payment ease, unmatched expediency among lending solutions and free of cost deferment of payments, coupled with rising adoption by Merchant Payments due to increase in Customer Conversion and Sales Value Company Quick Links Other Links Contact Us  India Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India   Home  About US  Blog  Industry Reports  Employee Login  Industry Speak  Services  Categories  Company Research Report  Country Research Reports  Terms & Conditions  Privacy Policy   News  Careers  Bundle Reports  Dossier 360  Disclaimer  FAQ's UAE 105, Al Jaz1b, Street no 2 the Greens Dubai United Arab Emirates.  Contact US  Publishers  Go To Market Strategy  Site Map   Indonesia The Icon BSD City, Jl. Verdant View IIIA No.15, Tangerang Regency, Province Banten- 15345, Indonesia  Paid Press Release   Email: support@kenresearch.com   Sale Enquiries: +91-98715 52944   © Copyright 2022, Ken Research Pvt. Ltd. All rights reserved. 1