Buy Now Pay Later Market Size Is Anticipated To Reach USD 20.40 Billion By 2028
San Francisco, 9 March 2022: The Report Buy Now Pay Later Market Size, Share & Trends Analysis Report By Channel (Online, POS), By Enterprise Size, By End Use (Fashion & Garment, Consumer Electronics, Healthcare), By Region, And Segment Forecasts, 2021 - 2028 The global buy now pay later market size is expected to reach USD 20.40 billion by 2028, registering a CAGR of 22.4% from 2021 to 2028, according to a new report by Grand View Research, Inc. The market growth can be attributed to the large number of benefits offered by Buy Now Pay Later (BNPL) platforms, such as convenient and interest-free payments. These platforms are becoming increasingly popular as the preferred payment option when shopping online. BNPL is short-term financing that allows customers to make purchases and pay for them at a future date. Moreover, buy now pay later plans don't charge interest on payments and are often easier to get approved compared to lines of credit or traditional credit cards.