The shift in the overall consumer behavior, along with the rise of digital payment solutions, is resulting in buy now, pay later (BNPL) becoming one of the fastest-growing payments methods in the country: Ken Research UAE News The concept of delayed payment is not new. We all have credit cards, which de-facto are ‘Buy Now, Pay Later’ tools. Unfortunately, credit cards have remained unchanged for the past 30 years, even though consumers developed an aversion to them following the financial crisis and horror stories of extravagant interest rates. Less Stringent… Read More »
Medium to long term growth story of BNPL industry in the UAE remains strong. The BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 9% during 2022-2027: Ken Research Key Findings BNPL can be a threat to the credit card industry in the future. Keeping in mind the low penetration of credit cards in UAE, and with FinTech players entering into this space, there is a long way to go for credit cards as well. Going forward, we will see a growth in transaction… Read More »
