Brazil’s Buy Now Pay Later (BNPL) industry is booming. According to a recent report by ResearchAndMarkets.com, the industry is expected to grow by 18.1% annually, reaching an estimated US$7.33 billion in 2024. Not only that, long-term growth projections are also strong, with a forecasted compound annual growth rate (CAGR) of 12.3% over the next five years, taking the BNPL gross merchandise value from US$6.21 billion in 2023 to US$13.09 billion by 2029.
Over the last year, the BNPL payment industry in Brazil has shown remarkable expansion, thanks in part to the rise of e-commerce in the region. The report offers an extensive and data-driven analysis of the BNPL market, covering a wide range of retail categories, business models, and consumer behavior. With over 75 key performance indicators (KPIs) at the country level, this comprehensive report provides a nuanced understanding of BNPL market dynamics, including market size and forecast, market share statistics, and demographic trends.
The report identifies several reasons why it makes sense for businesses to invest in Brazil’s BNPL industry. For example, it highlights the importance of understanding market opportunities, major trends, and forecasting between 2020-2029. In addition, it provides valuable insights into consumer behavior, allowing businesses to tailor their strategies to the preferences and spending habits of potential BNPL customers.
The report also delves into the different sectors in which BNPL payments are making an impact. It provides a thorough analysis of the market’s performance in sectors like retail shopping, home improvement, travel, media and entertainment, services, automotive, healthcare, and wellness. By analyzing gross merchandise value trends, transaction volume, average value per transaction, and other key metrics, businesses can gain a detailed understanding of this evolving market.
In addition to sector-specific insights, the report includes operational KPIs and statistics, as well as an examination of the various business models, merchant ecosystems, and distribution channels within the BNPL industry in Brazil.
ResearchAndMarkets.com is a leading source for global market research and intelligence. Their reports provide businesses with crucial data on international and regional markets, key industries, top companies, new products, and market trends.
For more information about the Brazil Buy Now Pay Later Business and Investment Opportunities Databook, visit https://www.researchandmarkets.com/reports/5414854/brazil-buy-now-pay-later-business-and-investment?utm_source=CI&utm_medium=PressRelease&utm_code=fvtwxx&utm_campaign=1935078+-+Brazil+Buy+Now+Pay+Later+Business+Report+2024-2029%3a+75%2b+KPIs+on+BNPL+Market+Size%2c+End-Use+Sectors%2c+Market+Share%2c+Product+Analysis%2c+Business+Model%2c+Demographics+2020-2029&utm_exec=chdomspi.
It is expected that the insights gleaned from this powerful report will enable businesses to make informed decisions about investing in the Brazilian BNPL industry, allowing them to tap into this fast-growing market and maximize their opportunities for success.
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