This “German Buy-Before-Pay Business and Investment Opportunities (2019-2028) Data Book-More than 75 KPIs for Buy-Before-Pay Trends by End-Use Sector, Operational Key Performance Indicators, Retail Product Dynamics, and Consumer Demographics” Report has been added to ResearchAndMarkets.com provide.
It is expected that BNPL payments will grow at a rate of 60.7% per year, reaching 19.334.9 billion US dollars by 2021.
In recent years, the adoption rate of BNPL payments has recorded strong growth. The country’s booming e-commerce market is supporting the development of this digital payment method. Therefore, more and more companies provide BNPL services in the German market. The country’s leading digital wallet provider PayPal also provides consumers with a “buy before pay” option. The digital wallet allows users to pay for online purchases in four installments.
The future prospects of German BNPL payments are more prominent than ever. However, a lot of innovation is still needed to make BNPL payment a more mainstream payment method in the country.
Another factor driving the growth of BNPL payments is the availability of the retail sector. In addition, the cooperation of BNPL suppliers with different loyalty programs will help promote the development of the BNPL payment ecosystem in the country.
The medium and long-term growth story of the German BNPL industry remains strong. The BNPL payment adoption rate is expected to grow steadily…