75+ KPIs on BNPL Trends by End-Use Sectors, Operational KPIs, Market Share, Retail Product Dynamics and Consumer Demographics

DUBLIN, April 13, 2022 /PRNewswire/ — The “Indonesia Buy now pay later business and investment opportunities Update Q1 2022 Report has been added ResearchAndMarkets.com Offer.

According to the BNPL survey in Q4 2021, the BNPL deposit is Indonesia is expected to achieve annual growth of 94.7% $2669.3 million in 2022.

Medium to long term growth history of BNPL industry in Indonesia stay strong. The adoption of BNPL payments is expected to increase steadily over the forecast period, registering a CAGR of 44.4% between 2022 and 2028. The BNPL Gross Merchandise Value in the country will increase by $1370.7 million to be achieved in 2021 $24247.2 million until 2028.

In the last four to eight quarters, “buy now, pay later” (BNPL) has become one of the most popular payment methods among consumers Indonesia. While the global pandemic has accelerated consumer acceptance of BNPL products, the publisher expects the industry to continue robust growth over the next four to eight quarters. Given the high growth potential offered by the Indonesian BNPL market, the publisher expects BNPL providers to raise funds quite aggressively to continue their growth.

B2B billers launch BNPL solutions for small businesses Indonesia

The global pandemic has affected businesses across all industries, especially small and medium-sized businesses, causing cash flow problems Indonesia. This results in a growing demand from SMEs for innovative solutions such as BNPL. As a result of this growing demand, companies are launching a new B2B BNPL product that offers SMEs easy and convenient financing options.

More B2B BNPL product launches are expected Indonesia in the next four to eight quarters, since the demand for such a solution will only increase in the short to medium term.

Digital banks launch BNPL products to expand target market Indonesia

Indonesia’s BNPL space is getting tighter as demand for such a solution is expected to increase over the next four to eight quarters. Remarkably, even digital banking providers are launching their own BNPL products Indonesia. For example,

  • In December 2021TMRW, the digital banking arm of United Overseas Bank (UOB), announced the launch of TMRW Pay, a BNPL product for e-commerce purchases Indonesia. E-commerce purchases accounted for more than half of TMRW credit card transactions, according to UOB January 2021 to October 2021.
  • As e-commerce shopping continues to grow in the country, consumers are looking to innovative payment methods like BNPL to fund their purchases. Consequently, TMRW launched the BNPL product to support this growing consumer demand in the country.

BNPL firms launch physical pay later cards for consumers Indonesia

While the use of BNPL products to complete online purchases has greatly increased, companies are also trying to increase their market share in the offline segment. As a result, BNPL firms are introducing physical pay later cards that consumers can use to pay at physical outlets across the country. For example in December 2021Kredivo announced that it has entered into a strategic partnership with Bank Sahabat Sampoerna. As part of the strategic alliance, Kredivo is launching the Flexi Card, a new pay later payment card that allows consumers to split their purchases into installments when shopping in-store.

report scope

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

Indonesia BNPL Market Size and Spending Pattern

  • Gross merchandise value trend analysis
  • Trend analysis of average value per transaction
  • Trend analysis of transaction volume

Indonesia Buy now, pay later Operational KPIs

  • Buy now, pay later, revenue, 2019-2028
  • Buy now, pay later Share by revenue segment
  • Buy Now, Pay Later Dealer Commission, 2019-2028
  • Buy now, pay later fee income for missed payments, 2019-2028
  • Buy Now, Pay Later, Pay Now and Other Earnings, 2019 – 2028
  • Buy Now Pay Later Accounts, 2019-2028
  • Buy Now, Pay Later, Bad Debt, 2019 – 2028

Indonesia Buy Now Pay Later Market Share Analysis by Key Players

Indonesia Buy Now, Pay Later Spending Analysis by Channel: Market Size and Forecast

Indonesia Buy Now, Pay Later Retail: Market Size and Forecast

  • Gross merchandise value trend analysis
  • Trend analysis of average value per transaction
  • Trend analysis of transaction volume

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

  • Gross merchandise value trend analysis
  • Trend analysis of average value per transaction
  • Trend analysis of transaction volume

Indonesia Buy Now, Pay Later in Leisure and Entertainment: Market Size and Forecast

  • Gross merchandise value trend analysis
  • Trend analysis of average value per transaction
  • Trend analysis of transaction volume

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

  • Gross merchandise value trend analysis
  • Trend analysis of average value per transaction
  • Trend analysis of transaction volume

Indonesia Buy Now, Pay Later in Other: Market Size and Forecast

  • Gross merchandise value trend analysis
  • Trend analysis of average value per transaction
  • Trend analysis of transaction volume

“Buy now, pay later” analysis of consumer attitudes and behavior

  • Buy now, pay later Sales increase by product category
  • Buy now, pay later Spend share by age group
  • Buy now, pay later Gross share of goods based on income
  • Buy now, pay later Share of gross merchandise value by gender
  • Buy now, pay later, reason for acceptance, analysis of the gross value of goods

companies mentioned

  • Credit
  • atom
  • Akulaku
  • Splits
  • Shopping
  • home loan
  • GoJek Paylater
  • son PayLater
  • AfterPay
  • GoPayLater

For more information about this report, see https://www.researchandmarkets.com/r/ejvs6d

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