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Nigeria Buy Now Pay Later Markets Report 2021: BNPL Payments are Expected to Grow by 67.4% to Reach $341.9 Million in 2021 - Forecast to 2028DUBLIN, Oct. 22, 2021 /PRNewswire/ -- The "Nigeria Buy Now Pay Later Business and Investment Opportunities (2019-2028) Databook - 75+ KPIs on Buy Now Pay Later Trends by End-Use Sectors, Operational KPIs, Market Share, Retail Product Dynamics, and Consumer Demographics" report has been added to ResearchAndMarkets.com's offering. According to the Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 67.4% on annual basis to reach US$ 341.9 million in 2021. BNPL payment industry in Nigeria has recorded strong growth over the last four quarters, supported by increased ecommerce penetration along with impact of economic slowdown due to disruption caused by Covid-19 outbreak. Medium to long term growth story of BNPL industry in Nigeria remains strong. The BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 26.2% during 2021-2028. The BNPL Gross Merchandise Value in the country will increase from US$ 204.3 million in 2020 to reach US$ 1741.1 million by 2028. Reasons to buy
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For more information about this report visit https://www.researchandmarkets.com/r/niq5vd Media Contact: For E.S.T Office Hours Call +1-917-300-0470 U.S. Fax: 646-607-1904 View original content:https://www.prnewswire.com/news-releases/nigeria-buy-now-pay-later-markets-report-2021-bnpl-payments-are-expected-to-grow-by-67-4-to-reach-341-9-million-in-2021---forecast-to-2028--301406720.html SOURCE Research and Markets |