MENA held dominant position in the MENA and CIS Buy Now Pay Later Platform market in 2021, accounting for 73.90% share, in terms of value, followed by CIS.įigure 1: MENA and CIS Buy Now Pay Later Platform Market Share (%), By Region, 2021Īmong regions, MENA held dominant position in the MENA and CIS Buy Now Pay Later Platform market in 2021 and is expected to retain its dominance throughout the forecast period. MENA is expected to hold dominant position in the MENA and CIS Buy Now Pay Later Platform market during the forecast period. Some of the companies were rejecting loan applications for the users with late payment history. Furthermore the COVID-19 pandemic poised a positive impact on the Buy now pay later platform market growth, the companies were implementing new strategies to prevent risk of loss. MENA and CIS Buy Now Pay Later Platform Market - Impact of Coronavirus (Covid-19) Pandemicĭuring coronavirus pandemic, the use of credit card and installment payments increased in MENA and CIS regions.
Consumers are rapidly shifting towards buy now pay later platforms owing to inclination towards online shopping to reduce the spread of the virus.
Furthermore, increasing preference for cashless transaction is boosting the adoption of buy now pay later platform market in the MENA and CIS region.īuy Now Pay later platform market is Boosting during the coronavirus pandemic owing to rapid upsurge in digital payments and online shopping.
BUY NOW PAY LATER ELECTRONICS UAE FULL
Information and Communication Technologyīuy now pay later platform is providing advantages such as interest free credit, no upfront full payments for the goods, helps to boost the sales of the goods, and it is affordable for the customers.
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