Market Size of UAE Buy Now Pay Later Services Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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.
