Purchase now pay later (BNPL) is step by step turning into a well-liked fee choice amongst internet buyers in Asia-Pacific (APAC) and is anticipated to account for 4.1% share of e-commerce funds worth in 2026, says GlobalData, a number one knowledge and analytics firm.
Already widespread in international locations like Australia and New Zealand, BNPL is step by step gaining traction in different APAC markets as effectively. GlobalData’s E-Commerce Analytics reveals that BNPL accounted for 1.6% of the e-commerce funds in 2022 within the APAC area.
The COVID-19 pandemic adopted by the latest surge in inflation adversely affected shoppers’ disposable revenue and consequently the demand for short-term financing options is on the rise. Consequently, BNPL has emerged as a viable fee choice for shoppers, who would not have entry to conventional credit score choices corresponding to a bank card, permitting them to pay for purchases conveniently at later dates in instalments.
Shivani Gupta, Senior Banking and Funds Analyst at GlobalData, commented, “BNPL fee options are step by step strengthening their presence within the area’s e-commerce market supported by the proliferation of BNPL service suppliers, accelerated demand for versatile funds, and shoppers’ gradual shift from offline to on-line channel.”
