UAE Buy Now Pay Later Services Market Size

Statistics for the 2023 & 2024 UAE Buy Now Pay Later Services market size, created by Mordor Intelligence™ Industry Reports. UAE Buy Now Pay Later Services size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of UAE Buy Now Pay Later Services Industry

 uae buy now pay later market size
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR > 6.00 %
Market Concentration Medium

Major Players

uae buy now pay later market share

*Disclaimer: Major Players sorted in no particular order


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Buy Now Pay Later Service in UAE Market Analysis

Over the course of the COVID-19 pandemic, payment options like PayPal's Pay in 4, Klarna, Afterpay, QuadPay and Affirm grew increasingly popular in online shops.

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.

As Buy Now Pay Later is a relatively new phenomenon even in 2021, there is not much data available yet on how people use these payment solutions. Most focus on the user demographics younger generations in the UAE are more likely to use BNPL than older generation, for instance. This was also true for the UAE, although older age groups in the UAE did use Buy Now Pay Later much more often in 2020 than they did in 2019.

Buy Now Pay Later Service Market in UAE Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)