Increase in smartphone and internet penetration, Government support, young demographic composition and financial literacy is expected to drive KSA BNPL Industry: Ken Research Online mode of payment will continue to dominate the BNPL industry in KSA due to Sharia compliant 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… Read More »
Saudi Arabia’s huge surge in recent times with respect to digital transactions, serving as one of the major factors leading to rise of digital credit lending such as that of BNPL in the country: Ken Research Increasing number of BNPL Players and its customer base: In just one year, the Middle East region has witnessed an upsurge in the number of companies offering BNPL solutions. With so much action happening on the BNPL ground, its user base is making equally big strides. A major chunk of Saudi Arabian consumers has used… Read More »
