Philippines Buy Now Pay Later Business and Investment Opportunities Report 2022: BNPL Players are Raising Investment Rounds to Expand Their Loan Portfolio in the Philippines – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Philippines Buy Now Pay Later Business and Investment Opportunities – 75+ KPIs on Buy Now Pay Later Trends by End-Use Sectors, Operational KPIs, Market Share, Retail Product Dynamics, and Consumer Demographics – Q3 2022 Update” report has been added to ResearchAndMarkets.com’s offering.

According to the publisher, BNPL payments in the country are expected to grow by 80.2% on an annual basis to reach US$1,505.6 million in 2022.

Companies Mentioned

• TendoPay
• Cashalo
• BillEase
• Grab Pay Later
• UnaPay
• Plentina
• Zip
• Spotti

Medium to long term growth story of BNPL industry in Philippines remains strong. BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 36.9% during 2022-2028. The BNPL Gross Merchandise Value in the country will increase from US$835.6 million in 2021 to reach US$9,903.2 million by 2028.

Like other Southeast Asian countries, the proliferation of buy now pay later (BNPL) payment method made its way to the Philippines during the global pandemic. An increasing number of Filipino consumers turned to digital payment methods, which resulted in consistent adoption of BNPL, especially in the e-commerce industry.

While the payment method recorded strong growth in e-commerce transactions during the pandemic, the pent-up travel demand is expected to become the next growth driver for the BNPL industry as more and more Filipinos are planning to travel in 2022. As a result, the publisher expects BNPL providers to expand their reach in the Filipino travel and tourism industry from the short to medium-term perspective.

As the market continues to evolve and grow in the Philippines, the publisher expects the competition in the space to grow further over the next three to four years. Moreover, global players are also expected to expand their presence in the country as the market becomes more attractive from an investment point of view.

BNPL players are raising investment rounds to expand their loan portfolio in the Philippines

To expand their BNPL product offering to more consumers in the Philippines, firms are raising investment rounds from global and regional investors, venture capital and private equity firms.

BNPL firms are targeting the travel industry amid the pent-up travel demand in the Philippines

Over the last two years, the travel and tourism sector has been one of the worst affected sectors, as travelers globally were confined to their homes amid the pandemic restrictions. However, with 2022 projected to be the year for the recovery of the travel and tourism industry, BNPL firms are targeting the sector to drive their growth.

BNPL firms are partnering with payment processing platforms to boost deferred payment acceptance among more merchants

One of the strategies adopted globally by BNPL providers is entering into strategic partnerships with payment processing platforms. This allows them to get more merchants onboard, thereby increasing the acceptance of their BNPL payment method among more merchants. BNPL firms adopt a similar strategy in the Philippines.

Scope

This report provides in-depth, data-centric analysis of Buy Now Pay Later industry in Philippines. Below is a summary of key market segments:

Philippines BNPL Market Size and Spending Pattern

• Gross Merchandise Value Trend Analysis
• Average Value Per Transaction Trend Analysis
• Transaction Volume Trend Analysis

Philippines Buy Now Pay Later Operational KPIs

• Buy Now Pay Later Revenues, 2019 – 2028
• Buy Now Pay Later Share by Revenue Segments
• Buy Now Pay Later Merchant Commission, 2019 – 2028
• Buy Now Pay Later Missed Payment Fee Revenue, 2019 – 2028
• Buy Now Pay Later Pay Now & Other Income, 2019 – 2028
• Buy Now Pay Later Accounts, 2019 – 2028
• Buy Now Pay Later Bad Debt, 2019 – 2028

Philippines Buy Now Pay Later Market Share Analysis by Key Players

• (TendoPay, Cashalo, BillEase, Plentina, Zip)

Philippines Buy Now Pay Later Spend Analysis by Channel: Market Size and Forecast

• Online Channel
• POS Channel

Philippines Buy Now Pay Later in Retail Shopping: Market Size and Forecast

• Gross Merchandise Value Trend Analysis
• Average Value Per Transaction Trend Analysis
• Transaction Volume Trend Analysis

Philippines Buy Now Pay Later in Home Improvement: Market Size and Forecast

• Gross Merchandise Value Trend Analysis
• Average Value Per Transaction Trend Analysis
• Transaction Volume Trend Analysis

Philippines Buy Now Pay Later in Leisure & Entertainment: Market Size and Forecast

• Gross Merchandise Value Trend Analysis
• Average Value Per Transaction Trend Analysis
• Transaction Volume Trend Analysis

Philippines Buy Now Pay Later in Healthcare and Wellness: Market Size and Forecast

• Gross Merchandise Value Trend Analysis
• Average Value Per Transaction Trend Analysis
• Transaction Volume Trend Analysis

Philippines Buy Now Pay Later in Other: Market Size and Forecast

• Gross Merchandise Value Trend Analysis
• Average Value Per Transaction Trend Analysis
• Transaction Volume Trend Analysis

Philippines Buy Now Pay Later Analysis by Consumer Attitude and Behaviour

• Buy Now Pay Later Sales Uplift by Product Category
• Buy Now Pay Later Spend Share by Age Group
• Buy Now Pay Later Gross Merchandise Share by Income
• Buy Now Pay Later Gross Merchandise Value Share by Gender
• Buy Now Pay Later Adoption Rationale Gross Merchandise Value Analysis

For more information about this report visit https://www.researchandmarkets.com/r/rtv5mj

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