BNPL’s gross merchandise value in the country will rise from $ 4,173.8 million in 2020 to $ 27,501.7 million by 2028


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DUBLIN, October 14, 2021 / PRNewswire / – The “France Buy Now Pay Later Business and Investment Opportunities (2019-2028) – Over 75 KPIs on Buy Now Pay Later Trends by End Use Sectors, Operational KPIs, Market Share, Sales Product Dynamics retail and consumer demographics “ report was added to ResearchAndMarkets.com offer.

Unlike other countries of Europe, the buy now, pay later (BNPL) payment option is still in its infancy in France. However, with the growing market opportunities, the publisher expects the market to reach US $ 20,318.8 million by 2028.

During this ongoing pandemic, the French BNPL market has recorded significant growth. In particular, the BNPL market in France shows annual growth of 82.6% between 2019-2020.

The growth of the e-commerce industry is fueling the growing adoption of the BNPL payment method by consumers. In addition, the financial uncertainty created by the economic turmoil brought on by the pandemic has also widened the scope for the growth of the BNPL market as consumers are more cautious about their spending.

The growing adoption of BNPL services by consumers nationwide means more global players are entering the deferred payment space. For example, in july 2020, PayPal announced the launch of its BNPL service for consumers in France, allowing people to split the cost of their purchases into easy monthly installments. The arrival of global players should further stimulate innovation in the French BNPL market.

Local regulations in France prohibit the use of shared scoring databases such as the US credit score. In addition, as financial data is not readily available in France, BNPL providers should record each transaction with just a few data points. Therefore, the trend is towards innovation to assess the creditworthiness of consumers by France.

In addition, BNPL companies are also raising funds to expand their deferred payment services nationwide and gain more traction with consumers in different segments. For example, in January 2021, Alma, the French BNPL startup which marketed its product in 2019, raised 49 million euros (US $ 59.4 million) in its series B round table. In particular, the startup BNPL also raised a line of credit of 21 million euros (US $ 25.5 million) to finance payments from merchants in the country.

History of medium and long term growth of BNPL industry in France stay strong. BNPL payment adoption is expected to grow steadily over the forecast period, registering a 23.1% CAGR during 2021-2028. The gross value of BNPL merchandise in the country will increase from US $ 4,173.8 million in 2020 to reach US $ 27,501.7 million by 2028.

Scope

This report provides in-depth and data-centric analysis of the Buy Now, Pay Later in Industry. France. Below is a summary of the main market segments:

BNPL market size and spending model in France

  • Analysis of gross value of goods trends
  • Trend analysis of the average value per transaction
  • Analysis of transaction volume trends

France Buy Now Pay Later market share analysis by key players

  • Alma
  • Klarna
  • Scalapay
  • Clearpay
  • Pay Pal

France Buy Now Pay Later Spend Analysis by Channel: Market Size and Forecast

  • Online channel
  • POS channel

France Buy Now Pay Later in Retail: Market Size and Forecast

  • Analysis of gross value of goods trends
  • Trend analysis of the average value per transaction
  • Analysis of transaction volume trends

France Buy Now Pay Later in Home Improvement: Market Size and Forecast

  • Analysis of gross value of goods trends
  • Trend analysis of the average value per transaction
  • Analysis of transaction volume trends

France Buy Now Pay Later in Leisure and Entertainment: Market Size and Forecast

  • Analysis of gross value of goods trends
  • Trend analysis of the average value per transaction
  • Analysis of transaction volume trends

France Buy Now Pay Later in Health and Wellness: Market Size and Forecast

  • Analysis of gross value of goods trends
  • Trend analysis of the average value per transaction
  • Analysis of transaction volume trends

France Buy Now Pay Later in Education: Market Size and Forecast

  • Analysis of gross value of goods trends
  • Trend analysis of the average value per transaction
  • Analysis of transaction volume trends

France Buy Now Pay Later in Automotive: Market Size and Forecast

  • Analysis of gross value of goods trends
  • Trend analysis of the average value per transaction
  • Analysis of transaction volume trends

Buy now Pay later in France analysis according to consumer attitude and behavior

  • Buy Now Pay Later Increase Sales by Product Category
  • Buy now Pay later Spend by age group
  • Buy now Pay later Share of gross merchandise by revenue
  • Buy now Pay later Share of gross value of goods by sex
  • Buy now Pay later Adoption Rationale Gross value analysis

For more information on this report, visit https://www.researchandmarkets.com/r/ieyjp1

Media contact:
Research and markets
Laura Wood, senior
[email protected]

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SOURCE Research and Markets

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