Sweden Buy Now Pay later markets and investment opportunities until 2028 with division analysis of Klarna, Afterpay, PFC, Sweetpay, Zaver
DUBLIN, September 24, 2021 / PRNewswire / – The “Sweden Buy now Pay later business and investment opportunities (2019-2028) -75+ KPIs on Buy now Pay later trends by end-use sectors, operational KPIs, market shares, retail product dynamics and consumer demographics” the report has been added ResearchAndMarkets.com’s offer.
According to the BNPL survey for the second quarter of 2021, BNPL payments in the country are expected to increase by 71.5% on an annual basis to reach $ 697.1 million in 2021.
The deferred installment product originates as an innovation from the billing culture in Sweden to help consumers buy products in the local market. Many retailers and brands turn to buy now pay later (BNPL) systems to attract consumers and build loyalty with their new spenders.
Especially, Sweden-based Klarna is at the epicenter of this retail revolution. The FinTech company promises to help consumers spread the cost of their purchases without extra fees or interest, creating a retail business unlike any other.
The BNPL payment method is particularly popular with the younger generation, Gen Z and Millennials, consumers in Sweden, as in all other markets globally. Easier access to credit and higher purchasing power have been why consumers in Sweden use deferred payment solution. Apart from this, the possibility of financing their purchases without having the entire purchase price is often stated as the reason why the BNPL payment method is used by customers in the country.
Growth in the e-commerce market drives the adoption of BNPL Sweden. In 2020, the Swedish e-commerce industry recorded a total turnover of approx $ 40 billion. This growth in the Swedish e-commerce market has also contributed to the growth of the BNPL market in the country. In particular, BNPL transactions accounted for almost a quarter of total e-commerce sales Sweden.
Klarna is one of the key players in the Swedish deferred payment industry. With 90 million registered users on its platform, Klarna has partnered with 250,000 retailers in 20 countries, giving consumers the deferred payment option. The Swedish BNPL supplier boasts about two million transactions per day. Apart from Klarna, Zaver is another platform for financial technology that offers deferred payment services to consumers and merchants in the country.
Medium to long term growth report on the BNPL industry in Sweden remains strong. The BNPL payment assumption is expected to grow steadily during the forecast period and register a CAGR of 15.3% during 2021-2028. The gross value of GDP in the country will increase from 10860.0 million US dollars year 2020 to reach 39,728.0 million US dollars in 2028.
Extent
Sweden BNPL market size and expenditure pattern
- Analysis of gross value
- Average value per transaction trend analysis
- Transaction volume trend analysis
Sweden Buy Now Pay Later Market share analysis of key players
- Klarna
- Postpay
- PFC
- Sweetpay
- Zaver
Sweden Buy now Pay later Spend analysis by channel: Market size and forecast
- Online channel
- POS channel
Sweden Buy now Pay later in retail: market size and forecast
- Analysis of gross value
- Average value per transaction trend analysis
- Transaction volume trend analysis
Sweden Buy now Pay later in housing improvement: market size and forecast
- Analysis of gross value
- Average value per transaction trend analysis
- Transaction volume trend analysis
Sweden Buy now Pay later in leisure and entertainment: market size and forecast
- Analysis of gross value
- Average value per transaction trend analysis
- Transaction volume trend analysis
Sweden Buy now Pay later in healthcare and well-being: Market size and forecast
- Analysis of gross value
- Average value per transaction trend analysis
- Transaction volume trend analysis
Sweden Buy now Pay later in education: market size and forecast
- Analysis of gross value
- Average value per transaction trend analysis
- Transaction volume trend analysis
Sweden Buy now Pay later in vehicles: market size and forecast
- Analysis of gross value
- Average value per transaction trend analysis
- Transaction volume trend analysis
Sweden Buy Now Pay later analysis according to the consumer’s attitude 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 goods Share by income
- Buy now Pay later Gross goods Value Share by sex
- Buy now Pay later Adoption Justification Gross value analysis
For more information on this report visit https://www.researchandmarkets.com/r/btrpvg
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