KSA is about to witness a BNPL wave which is already a USD 2 Billion reality. Explore the key trends supporting the market growth: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Online mode of payment will continue to dominate the BNPL industry in KSA due to Sharia compliance which promotes digital payments when compared to offline mode. Covid-19 pandemic lead to substantial growth in the e-commerce industry, with 2.5 times faster than growth before the pandemic, leading to increasing online transactions in KSA. Increasing demand for extra credit line with less stringent KYC procedures without relying on CIBIL scores will be traction for consumers for utilization of BNPL services. Surging Consumer base: With increasing participation from fintech companies in BNPL ground, its user base is making equally big strides. A major chunk of Saudi Arabian consumers has used BNPL payment methods such as Tamara in 2021 when compared to previous years, with more customers exploring the BNPL services. In just one year, the Middle East region has witnessed an upsurge in the number of companies offering BNPL solutions. To learn more about this report Download a Free Sample Report Growing Retailers: With the diminishing Covid-19 impact, the return of the offline shopping mode is being witnessed. BNPL players are not going to let the opportunity pass by. They have already started collaborating with leading retailers to offer BNPL at physical stores at checkout points as a point-of-sale financing tool. The growing e-commerce market has pushed retailers to go for a different mode of user-friendly payment mechanisms. Expanding Partnerships: BNPL entities are making their mark by creating value for merchants and offering straightforward financial products to customers. BNPL giant Tamara works with global retail leaders like Adidas, IKEA, L’Occitane, as well as top regional brands like Namshi, Abyat, Faces, Niceone, and, across the GCC. In just one year, the Middle East region has witnessed an upsurge in the number of companies offering BNPL solutions. Moving to easy cashless credit: Increasing adoption of a cashless society with the emergence of digital payments fueled by surging working age class will derive the traction of the BNPL industry among the users in KSA. The increasing demand for extra credit line with less stringent KYC procedures without relying on CIBIL scores will be traction for consumers for utilization of BNPL services. The Report “KSA Buy Now Pay Later Market Outlook to 2027– Driven by digitalization, government support as a part of Saudi vision 2030 increasing Genz & millennials population due to influx of expatriates coupled with shifting preference towards easy interest free extra credit line sources” by Ken Research provides a comprehensive analysis of the potential Buy Now Pay Later industry in Saudi Arabia. People shifting from credit cards to BNPL as unlike credit cards, BNPL companies provide easy credit checks which are solely not based upon the CIBIL score, hence providing easy access to the services. Buy Now Pay Later Market in KSA recorded a positive CAGR on the basis of revenue generated in between 2022P and 2027E. Key Segments Covered:- KSA BNPL Market By mode of payment Online Offline By end user Ecommerce Giant Physical Retailers Travel and entertainment Merchants Food Merchants By age group Below 24 24-36 36-50 Above 50 Key Target Audience:- Fintech Companies BNPL players Retail merchants and chains Government and regulatory bodies New entrants in the BNPL space Associated or affiliated Banks with Insurance entities Time Period Captured in the Report:- Historical Year: 2019-2021 Base Year: 2022 Forecast Period: 2023– 2027F Visit this Link:- Request for custom report Companies Covered:- Tabby Spotii Tamara Cashew PostPay Key Topics Covered in the Report:- BNPL Industry positioning Socio demographic Outlook of Saudi Arabia Presence of Global BNPL Players Trends of BPNL Industry Market size of BPNL BNPL transaction process Key Features and developments in KSA BPNL SWOT Analysis of KSA BNPL Issues and Challenges in KSA BNPL Investment Analysis of players in BNPL Space Role of Government and regulations in KSA BNPL Porter’s Five force Analysis in KSA BPNL Future Market Size of BNPL in KSA For more insights on the market intelligence, refer to below link:- KSA Buy Now Pay Later Market Related Reports by Ken Research:- UAE Buy Now Pay Later Industry Outlook to 2027 Malaysia Buy Now Pay Later Market Outlook to 2027F South Africa Buy Now Pay Later Market Outlook to 2027F Tags: BNPL firms in Saudi Arabia, BNPL Payments Market Players in KSA, BNPL Startups in Saudi Arabia, Buy Now Pay Later Business in Saudi Arabia, Buy Now Pay Later Companies in Saudi Arabia, Challanges in KSA Buy Now Pay Later Market, Competitors in KSA Buy Now Pay Later Market, Demand for KSA Buy Now Pay Later Market, Digital Payments Market Size in KSA, Emerging Players in in KSA BNPL Market, FinTech Startups in Saudi Arabia, Future Market Size of BNPL in KSA, KSA Buy Now Pay Later End Users Industry, KSA Buy Now Pay Later Industry, KSA Buy Now Pay Later Market, KSA Buy Now Pay Later Sector, Leading Global BNPL Providers in KSA, Leading Players in KSA BNPL Market, Saudi Arabia BNPL Market, Saudi Arabia BNPL Market Major Players, Saudi Arabia BNPL Market Size, Saudi Arabia BNPL Service Market, Saudi Arabia E-commerce Market, Top Funded Fintechs in Saudi Arabia, Top Players in KSA BNPL Market, top-funded providers in KSA BNPL Sector, Trends of BPNL Industry in Saudi Arabia