France Buy Now Pay Later Markets Report 2022-2028 – French FinTech Firms Form Partnerships to Launch Different BNPL Products Abroad | News

DUBLIN, April 8, 2022 /PRNewswire/ — “Business and Investment Opportunities France Buy Now Pay Later – 75+ KPIs on Buy Now Pay Later Trends by End-Use Sectors, Operational KPIs, Market Share, Retail Product Dynamics, and Consumer Demographics – Q1 2022 Update » report has been added to from ResearchAndMarkets.com offer.

BNPL payments in France are expected to grow by 57.0% on an annual basis to reach US$12,357.1 million in 2022.

Mid to Long Term Growth Story of the BNPL Industry in France stay strong. BNPL payment adoption is expected to grow steadily over the forecast period, registering a CAGR of 27.3% during 2022-2028. The gross value of BNPL’s goods in the country will increase from $7869.6 million in 2021 to reach US$52,475.3 million by 2028.

Consumers are increasingly comfortable with Buy Now Pay Later (BNPL) services in France. This has led to the growing and widespread adoption of deferred payment method among consumers across the country. The presence of several BNPL products, including those from global BNPL giants such as Klarna and PayPal, has also contributed to industry adoption and growth in recent quarters.

As the use of the BNPL payment method continues to increase for online purchases in the country, BNPL vendors are launching niche BNPL services to gain market share in the French deferred payment industry. Additionally, as the industry continues to grow over the next four to eight quarters, the publisher expects more niche BNPL product launches in the French BNPL market.

E-commerce platforms expected to launch more BNPL products to attract customers in 2022

Amid growing demand for split payment options among consumers, e-commerce platforms are expected to deploy BNPL payment method to expand their consumer base in France.

  • In November 2021, Wish, the global e-commerce platform, has entered into a strategic partnership with Klarna to offer its customers a BNPL payment method at checkout. In particular, the BNPL service was deployed for customers of United States.
  • However, Wish should launch the payment method for its users in France in 2022. With Francethe company is also expected to launch the BNPL payment option for consumers in Australia, Canada, Italyand Spain in 2022.

Strategic partnerships multiply to launch BNPL payment option for air travelers in France

As travel business picks up momentum in the country, airlines are entering into strategic partnerships with BNPL suppliers to provide travelers with flexible monthly payment options.

  • In July 2021, Air Tahiti has entered into a strategic partnership with Fly Now Pay Later supplier, Uplift. As part of the collaboration, travelers booking Air Tahiti can pay in installments using the BNPL payment method offered by Uplift. Notably, Uplift has partnered with more than 200 airlines worldwide to offer its BNPL payment method to travelers worldwide.

The publisher expects more such strategic partnerships between BNPL suppliers and airlines in France over the next four to eight quarters, which will subsequently contribute to BNPL’s overall market growth from a short to medium term perspective.

French fintechs forge partnerships to launch different BNPL products abroad

Amid the growing adoption of BNPL products globally, companies are looking to expand into global markets to gain more market share over the next four to eight quarters.

  • In November 2021, the French FinTech Younited Credit, which provides the BNPL service in the country, has entered into a strategic partnership with Bankable, the global architect of the Banking as a Service solution, and LiftForward, the leading BNPL subscription platform. As part of this collaboration, the three companies will launch a BNPL product for consumers in Italy.

Scope

France BNPL Market Size and Spending Pattern

  • Gross Commodity Value Trend Analysis
  • Analysis of trends in the average value per transaction
  • Trading volume trend analysis

France Buy Now Pay Later Operational KPIs

  • Revenue from buy-it-now and pay-later, 2019 – 2028
  • Buy Now Pay Later Share by Revenue Segments
  • Buy Now Pay Later Merchant Commission, 2019 – 2028
  • Buy now, pay later, missed payment fee revenue, 2019 – 2028
  • Buy Now Pay Later Pay Now and Other Revenues, 2019 – 2028
  • Accounts Buy Now Pay Later, 2019 – 2028
  • Buy Now Pay Bad Debt Later, 2019 – 2028

France Buy Now Pay Later Market Share Analysis by Key Players

  • Alma
  • Klarna
  • Scalapay
  • Clearpay
  • PayPal

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

  • Gross Commodity Value Trend Analysis
  • Analysis of trends in the average value per transaction
  • Trading volume trend analysis

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

  • Gross Commodity Value Trend Analysis
  • Analysis of trends in the average value per transaction
  • Trading volume trend analysis

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

  • Gross Commodity Value Trend Analysis
  • Analysis of trends in the average value per transaction
  • Trading volume trend analysis

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

  • Gross Commodity Value Trend Analysis
  • Analysis of trends in the average value per transaction
  • Trading volume trend analysis

France Buy Now Pay Later in Other: market size and forecasts

  • Gross Commodity Value Trend Analysis
  • Analysis of trends in the average value per transaction
  • Trading volume trend analysis

France Buy Now Pay Later Analysis by Consumer Attitude and Behavior

  • Buy now, pay later Increased sales by product category
  • Buy now Pay later Split 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 gender
  • Buy Now Pay Later Rationale for Adoption Gross Goods Value Analysis

For more information on this report or to inquire about the BNPL Subscription which contains access to 45 BNPL reports for 1 year, please visit https://www.researchandmarkets.com/r/nt8qgx

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SOURCE Research and Markets