𝗛𝗼𝘄 𝗧𝗼𝗽 𝗚𝗶𝗮𝗻𝘁𝘀 𝗔𝗿𝗲 𝗦𝗵𝗮𝗽𝗶𝗻𝗴 𝘁𝗵𝗲 𝗙𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗣𝗮𝘆𝗺𝗲𝗻𝘁 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝘄𝗶𝘁𝗵 𝗕𝗡𝗣𝗟

According to the Next Move Strategy Consulting analysis, the global buy now pay later (BNPL) market is experiencing rapid growth, with its value estimated at USD 146.16 billion in 2023. This market is projected to expand nearly sevenfold over the next decade, reaching approximately USD 725.37 billion by 2030. This growth trajectory is primarily driven by the increasing popularity of online shopping, as consumers seek more flexible payment options to manage their purchases. Additionally, the surge in e-commerce sales, particularly in consumer electronics and retail goods, is fueling the demand for BNPL services. As more consumers embrace digital shopping experiences, the convenience and accessibility of BNPL options are becoming integral to the online retail landscape, further accelerating the market's expansion.