The Buy now pays later platform market is predicted to increase at a CAGR of 22.8% from 2023 to 2033, from US$ 9.1 billion in 2023 to US$ 70.9 billion in 2033.
E-commerce Market Offers Consumer Diverse BNPL Options
Customers now have easy access to BNPL alternatives because of the growth of e-commerce. Currently, e-commerce customers have the option of selecting from a choice of BNPL suppliers with varied periods. While the customer may make retail purchases even without cash, he or she is also free of the stress of paying interest, as with credit cards or personal loans.