Buy Now Pay Later (BNPL) Services Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Buy now pay later Market is segmented by Channel (Online and POS), By End User Type (Kitchen Appliances, Other Consumer Electronics, Fashion & Personal Care, Healthcare, Other Products), and By Geography (North America, Europe, Asia-Pacific, Latin America and Rest of the World). For each segment, the market sizing and forecasting have been done in value terms of USD million.

Buy Now Pay Later (BNPL) Services Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Buy Now Pay Later (BNPL) Services Market Size

buy now pay later services market
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 22.00 %
Fastest Growing Market North America
Largest Market Europe
Market Concentration Medium

Major Players

Buy Now Pay Later (BNPL) Services Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Buy Now Pay Later (BNPL) Services Market Analysis

The Buy Now Pay Later Services Market is expected to register a CAGR of greater than 22% during the forecast period.

Buy now, pay later (BNPL) solutions, which allow consumers to pay in interest-free installments, fixed payment schedule, zero-interest, and fast approval options for customers looking to make purchases. This allows customers to spend more than they can with other payment methods.

Buy Now Pay Later (BNPL) provides a payment option for customers to make purchases online and at stores without having to pay the complete amount at once. BNPL solutions offer monthly or bi-weekly payments to enable easy purchases. The increasing awareness about digital payment has provided growth for installments-based payment methods.

BNPL Solution has increased among Millennials and Generation Z customers as they look for a convenient budgeting tool. The popularity of the buy now, pay later (BNPL)service has surged after the Global pandemic as the need for splitting the price over a period for online shopping has increased. Various platforms like Klarna, PayPal, Afterpay have stated offering BNPL services.

Buy Now Pay Later (BNPL) Services Industry Overview

The market is moderately fragmented. Buy now pay later is a useful service for both customers and merchants. BNPL is becoming an increasingly popular method for payment by customers to make purchases in-stores and online.

Many retailers are focusing on accepting these point-of-sale and online installment loans as payment methods, thereby creating growth opportunities for the BNPL solution providers. The growing e-commerce industry is further expected to drive market growth over the forecast period.

The major players covered in the buy now pay later market report are Afterpay, Affirm, Inc., Klarna Inc., Paypal, Sezzle, etc.

Buy Now Pay Later (BNPL) Services Market Leaders

  1. Affirm Holdings, Inc

  2. Afterpay

  3. Paypal Holdings, Inc

  4. Klarna Inc

  5. Sezzle

  6. *Disclaimer: Major Players sorted in no particular order
Affirm, Inc., Afterpay, PayPal Holdings, Inc., Klarna Inc., Sezzle, Splitit, Perpay Inc, Openpay,  Quadpay, Inc., LatitudePay
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Buy Now Pay Later (BNPL) Services Market News

The buy now pays later payment platform has significantly increased during the COVID-19 pandemic due to the rise in purchasing the consumer's goods through the online channel during Lockdown. Moreover, an increase in customer spending on health treatment, a rise in the cost of luxury electronic products, and an increase in the use of online payments services are some of the important factors that will accelerate the growth of the buy now pay later market during the COVID-19 outbreak.

The COVID-19 pandemic has adversely affected the economies of various countries across the globe. International Monetary Fund Analysis has expected the global economy to shrink by 3% percent in the year 2021 compared to the year 2020. Due to decreasing GDP, the purchasing power of people across the globe is also expected to decrease. Over 20 million citizens in the U.S. have applied for unemployment benefits. Owing to all these factors, people across the globe may use BNPL platforms to pay their bills. The online transactions using BNPL platforms are also expected to increase during the forecast period.

Buy Now Pay Later (BNPL) Services Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

  • 2.1 Study Deliverables
  • 2.2 Study Assumptions
  • 2.3 Analysis Methodology
  • 2.4 Research Phases

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS AND DYNAMICS

  • 4.1 Market Overview
    • 4.1.1 Prominence of E-commerce - B2B vs B2C markets Across The Globe
    • 4.1.2 A Spotlight on Spending Behaviour of Online Shopping Platforms
  • 4.2 Market Drivers (Covid Imposed Lockdowns made BNPL more popular than ever, lack of credit cards/ bad credit scores of buyers, etc)
  • 4.3 Market Challenges (BNPL can have similar impact of credit card debts)
  • 4.4 Key Trends Impacting The Market
  • 4.5 A Deepdive into Demographics of Consumers Preferring BNPL
  • 4.6 Porter's Five Forces Analysis
    • 4.6.1 Threat of New Entrants
    • 4.6.2 Bargaining Power of Buyers/Consumers
    • 4.6.3 Bargaining Power of Suppliers
    • 4.6.4 Threat of Substitute Products
    • 4.6.5 Intensity of Competitive Rivalry
  • 4.7 PESTLE Analysis
  • 4.8 Impact of Covid-19 on the market

5. MARKET SEGMENTATION

  • 5.1 By Application
    • 5.1.1 Online
    • 5.1.2 POS
  • 5.2 By Product Category
    • 5.2.1 Kitchen Appliances
    • 5.2.2 Other Electronic Appliances (TVs, Mobiles, Laptops, Tablets, etc)
    • 5.2.3 Fashion and Personal Care
    • 5.2.4 Healthcare
    • 5.2.5 Other Products
  • 5.3 By Geography
    • 5.3.1 North America
    • 5.3.1.1 US
    • 5.3.1.2 Canada
    • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 UK
    • 5.3.2.3 France
    • 5.3.2.4 Russia
    • 5.3.2.5 Spain
    • 5.3.2.6 Sweden
    • 5.3.2.7 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 India
    • 5.3.3.2 China
    • 5.3.3.3 Japan
    • 5.3.3.4 Australia
    • 5.3.3.5 New Zealand
    • 5.3.3.6 Rest of Asia-Pacific
    • 5.3.4 Latin America
    • 5.3.4.1 Mexico
    • 5.3.4.2 Brazil
    • 5.3.4.3 Rest of Latin America
    • 5.3.5 Rest of The World

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration Overview
  • 6.2 Company Profiles
    • 6.2.1 Affirm, Inc.
    • 6.2.2 Afterpay
    • 6.2.3 PayPal Holdings, Inc.
    • 6.2.4 Klarna Inc.
    • 6.2.5 Sezzle
    • 6.2.6 Splitit
    • 6.2.7 Perpay Inc.
    • 6.2.8 Openpay
    • 6.2.9 Quadpay, Inc.
    • 6.2.10 LatitudePay*
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

8. DISCLAIMER AND ABOUT US

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Buy Now Pay Later (BNPL) Services Industry Segmentation

The Buy now pay later market is segmented by Channel (Online and POS), By End User Type (Kitchen Appliances, Other Consumer Electronics, Fashion & Personal Care, Healthcare, Other Products), and By Geography (North America, Europe, Asia-Pacific, Latin America and Rest of the World). For each segment, the market sizing and forecasting have been done in value terms of USD million.

The report also offers a complete background analysis of the Global Buy now, Pays later market, including the analysis and forecast of market size, market segments, industry trends, major players, and growth drivers.

By Application Online
POS
By Product Category Kitchen Appliances
Other Electronic Appliances (TVs, Mobiles, Laptops, Tablets, etc)
Fashion and Personal Care
Healthcare
Other Products
By Geography North America US
Canada
Europe Germany
UK
France
Russia
Spain
Sweden
Rest of Europe
Asia-Pacific India
China
Japan
Australia
New Zealand
Rest of Asia-Pacific
Latin America Mexico
Brazil
Rest of Latin America
Rest of The World
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Buy Now Pay Later (BNPL) Services Market Research FAQs

What is the current Buy Now Pay Later (BNPL) Services Market size?

The Buy Now Pay Later (BNPL) Services Market is projected to register a CAGR of greater than 22% during the forecast period (2025-2030)

Who are the key players in Buy Now Pay Later (BNPL) Services Market?

Affirm Holdings, Inc, Afterpay, Paypal Holdings, Inc, Klarna Inc and Sezzle are the major companies operating in the Buy Now Pay Later (BNPL) Services Market.

Which is the fastest growing region in Buy Now Pay Later (BNPL) Services Market?

North America is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Buy Now Pay Later (BNPL) Services Market?

In 2025, the Europe accounts for the largest market share in Buy Now Pay Later (BNPL) Services Market.

What years does this Buy Now Pay Later (BNPL) Services Market cover?

The report covers the Buy Now Pay Later (BNPL) Services Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Buy Now Pay Later (BNPL) Services Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Buy Now Pay Later (BNPL) Services Industry Report

The global Buy Now Pay Later (BNPL) market is experiencing significant growth, driven by the increasing adoption of online payment methods and the rise of e-commerce platforms. This market is segmented into various categories, including travel and tourism, consumer electronics, e-commerce and retail, healthcare insurance, and banking and financial services. The integration of artificial intelligence and machine learning technologies is enhancing the real-time decision-making capabilities of BNPL providers, further propelling market growth. Large enterprises are leading the adoption of BNPL solutions, leveraging these services to boost sales and customer loyalty, while small and medium-sized enterprises (SMEs) are also increasingly adopting BNPL to improve sales conversion rates and customer experience. The BNPL market remains positive, with continuous advancements and increasing adoption across various industries. A comprehensive buy now pay later industry analysis reveals that the bnpl market size and bnpl market share are expanding rapidly, indicating a robust future for this financial service. Statistics for the Buy Now Pay Later (BNPL) Services market share, size, and revenue growth rate, created by Mordor Intelligence™ Industry Reports, include a market forecast outlook and historical overview. Get a sample of this industry analysis as a free report PDF download.