Connect with us

Technology

Asia Pacific Buy Now Pay Later Business Report 2024-2029: Rising Consumption and Credit Demand Supporting Growth, Partnership Between Visa and Standard Chartered Bank Driving Expansion

Published

2 years ago

on

DUBLIN, Feb. 12, 2024 /PRNewswire/ — The “Asia Pacific Buy Now Pay Later Business and Investment Opportunities Databook – 75+ KPIs on BNPL Market Size, End-Use Sectors, Market Share, Product Analysis, Business Model, Demographics – Q1 2024 Update” report has been added to ResearchAndMarkets.com’s offering.

BNPL payments in the region are expected to grow by 17.3% on an annual basis to reach US$232.5 billion in 2024.

The medium to long-term growth story of the BNPL industry in the region remains strong. BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 12.3% during 2024-2029. The BNPL gross merchandise value in the region will increase from US$198.2 billion in 2023 to reach US$414.5 billion by 2029.

This report provides a detailed data-centric analysis of the Buy Now Pay Later (BNPL) industry, covering market opportunities and risks across a range of retail categories. With over 75 KPIs at the country level, this report provides a comprehensive understanding of BNPL market dynamics, market size and forecast, and market share statistics.

The rising consumption and demand for credit are expected to drive the growth of the buy now pay later industry across Asia Pacific over the medium term. Firms are entering into strategic partnerships to launch new products to cater to the growing demand for BNPL products in Asia Pacific. In 2024, the publisher expects startups to raise funding from venture capital and private equity firms to scale their product offerings.

The thriving e-commerce sector, in markets like India and Southeast Asia, will also support the growth trajectory of the buy now pay later industry over the medium term. In Asia Pacific, India is expected to lead the regional market growth amid rising adoption of the payment solution. Overall, the publisher maintains a positive growth outlook for the market over the next three to four years.

Visa and Standard Chartered Bank entered into a partnership to bring BNPL to markets across Asia Pacific

Amid the growth demand for credit products like buy now pay later, firms are entering into strategic collaborations to enter new markets, targeting higher gross merchandise value over the next three to four years.

Visa, in December 2023, entered into a partnership with Standard Chartered Bank to accelerate the delivery of BNPL solutions to the bank’s Visa credit cardholders across the Asia Pacific region. The partnership will enable targeted consumers to make use of Visa’s installment payment solution at participating stores and e-commerce merchants. Initially, the collaboration will enable credit cardholders in Malaysia and Singapore to make use of the payment service. Going forward, the firms are planning to launch in other markets across the Asia Pacific. The partnership comes at a time when awareness about BNPL solutions is growing rapidly in Asia Pacific.

BNPL startups are raising funding rounds to ramp up technology and drive adoption in India

The credit demand is growing at a rapid rate among consumers in India. The higher inflation and decline in disposable income are driving the credit demand. Consequently, to reach more consumers, BNPL firms are raising funding rounds from venture capital and private equity firms.

SalarySe, the BNPL-focused financial services app, announced that the firm had raised US$5.25 million in a funding round in January 2024. The capital round was led by Surge Ventures and included participation from other investors like Pravega Ventures. The firm is planning to use the capital for ramping up its technology, while also targeting higher adoption of its product in the Indian market.

Going forward, SalarySe is also aiming to launch a credit-on-UPI system for salaried employees. Consequently, the firm is entering into strategic collaborations with banking institutions, HR SaaS platforms, and employers. Notably, the National Payments Corporation of India (NPCI), launched the credit line on UPI facility in 2023 in India.

In 2024, the publisher expects more venture capital and private equity funding to enter the BNPL sector in India. This will support innovation and a competitive landscape in the BNPL market over the next three to four years.

Rising consumption and credit demand supporting BNPL industry growth across Southeast Asia

The soaring smartphone and internet usage, coupled with the thriving e-commerce market and a higher percentage of the unbanked population, are offering a fertile ground for the growth of the buy now pay later market in Southeast Asia. While Indonesia is leading the growth of the market, other countries such as Malaysia and the Philippines are also experiencing strong adoption of buy now pay later schemes. This has resulted in new product launches and strategic partnerships in the sector.

Atome Financial, for instance, revealed that it is renewing a US$100 million debt facility in partnership with HSBC Singapore. This move is aimed at growing its presence in the Philippine market. The collaboration not only supports Atome’s expansion efforts but also takes advantage of HSBC Singapore’s worldwide network, regional presence, and banking knowledge to enhance Atome’s influence and outreach in the Philippine market.

Fundiin, in November 2023, entered into a strategic partnership with Pharmacity in Vietnam. Fundiin’s presence at Pharmacity, one of the leading retail pharmacy chains having approximately 1,000 stores across the country, will enable the BNPL firm to tap into more customers. This will also drive the firm’s gross merchandise value and volume for the BNPL provider. In Vietnam, Fundiin is offering BNPL services across different industry verticals including cinema, fashion, cosmetics, and travel among many others.

These strategic collaborations in the sector are expected to drive the competitive landscape while supporting the growth of the buy now pay later market across Southeast Asia over the medium term. The BNPL payment industry in Asia Pacific has recorded strong growth over the last four quarters, supported by increased e-commerce penetration.

A Bundled Offering, Combining 11 Reports, 1 Regional Report and 10 Country Reports (660 tables and 840 charts):

Asia Pacific Buy Now Pay Later Business and Investment Opportunities (2020-2029) DatabookAustralia Buy Now Pay Later Business and Investment Opportunities (2020-2029) DatabookChina Buy Now Pay Later Business and Investment Opportunities (2020-2029) DatabookIndia Buy Now Pay Later Business and Investment Opportunities (2020-2029) DatabookIndonesia Buy Now Pay Later Business and Investment Opportunities (2020-2029) DatabookJapan Buy Now Pay Later Business and Investment Opportunities (2020-2029) DatabookMalaysia Buy Now Pay Later Business and Investment Opportunities (2020-2029) DatabookPhilippines Buy Now Pay Later Business and Investment Opportunities (2020-2029) DatabookSingapore Buy Now Pay Later Business and Investment Opportunities (2020-2029) DatabookSouth Korea Buy Now Pay Later Business and Investment Opportunities (2020-2029) DatabookThailand Buy Now Pay Later Business and Investment Opportunities (2020-2029) Databook

Scope

Country reports in this bundled offering provide in-depth analysis of Buy Now Pay Later industry. Below is a summary of key market segments offered at country level:

BNPL Market Size and Spending Pattern, 2020-2029

Gross Merchandise Value Trend AnalysisAverage Value Per Transaction Trend AnalysisTransaction Volume Trend Analysis

Buy Now Pay Later Revenue Analysis, 2020-2029

Buy Now Pay Later RevenuesBuy Now Pay Later Share by Revenue SegmentsBuy Now Pay Later Revenue by Merchant CommissionBuy Now Pay Later Revenue by Missed Payment Fee RevenueBuy Now Pay Later Revenue by Pay Now & Other Income

Buy Now Pay Later Operational KPIs & Statistics, 2020-2029

Buy Now Pay Later Active Consumer BaseBuy Now Pay Later Bad Debt

BNPL by Purpose, 2020-2029

Convenience – Short Term LoansCredit – Long Term Loans

BNPL by Business Model, 2020-2029

Two-Party (BNPL offered by retailers)Three-Party BNPL Offering

BNPL by Merchant Ecosystem, 2020-2029

Open Loop SystemClosed Loop System

BNPL by Distribution Model Analysis, 2020-2029

StandaloneBanks & Payment Service ProvidersMarketplaces

BNPL Analysis by Channel, 2020-2029

Online ChannelPOS Channel

Buy Now Pay Later in Retail Shopping: Market Size and Forecast, 2020-2029

Gross Merchandise Value Trend AnalysisAverage Value Per Transaction Trend AnalysisTransaction Volume Trend Analysis

Buy Now Pay Later in Home Improvement: Market Size and Forecast, 2020-2029

Gross Merchandise Value Trend AnalysisAverage Value Per Transaction Trend AnalysisTransaction Volume Trend Analysis

Buy Now Pay Later in Travel: Market Size and Forecast, 2020-2029

Gross Merchandise Value Trend AnalysisAverage Value per Transaction Trend AnalysisTransaction Volume Trend Analysis

Buy Now Pay Later in Media and Entertainment: Market Size and Forecast, 2020-2029

Gross Merchandise Value Trend AnalysisAverage Value per Transaction Trend AnalysisTransaction Volume Trend Analysis

Buy Now Pay Later in Services: Market Size and Forecast, 2020-2029

Gross Merchandise Value Trend AnalysisAverage Value Per Transaction Trend AnalysisTransaction Volume Trend Analysis

Buy Now Pay Later in Automotive: Market Size and Forecast, 2020-2029

Gross Merchandise Value Trend AnalysisAverage Value Per Transaction Trend AnalysisTransaction Volume Trend Analysis

Buy Now Pay Later in Healthcare and Wellness: Market Size and Forecast, 2020-2029

Gross Merchandise Value Trend AnalysisAverage Value Per Transaction Trend AnalysisTransaction Volume Trend Analysis

Buy Now Pay Later in Others: Market Size and Forecast

Gross Merchandise Value Trend AnalysisAverage Value Per Transaction Trend AnalysisTransaction Volume Trend Analysis

Buy Now Pay Later Analysis by Consumer Attitude and Behaviour

Sales Uplift by Product CategoryShare by Age GroupShare by IncomeShare by GenderAdoption RationaleAverage Monthly Expense segments

For more information about this report visit https://www.researchandmarkets.com/r/1mc6x

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
 
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
 
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

View original content:https://www.prnewswire.com/news-releases/asia-pacific-buy-now-pay-later-business-report-2024-2029-rising-consumption-and-credit-demand-supporting-growth-partnership-between-visa-and-standard-chartered-bank-driving-expansion-302059380.html

SOURCE Research and Markets

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

The Discovery Point Difference: Choosing Center-Based VPK vs. Public School Programs

Published

44 minutes ago

on

June 15, 2026

By

TAMPA, Fla., June 15, 2026 /PRNewswire/ — Parents of preschoolers now have many options in early childhood education. These may include half or full day private programs like church preschool or in childcare centers. When a child turns four, there are additional options including state funded PreK or a Voluntary Preschool Program (VPK) paid for with school vouchers.

State-funded programs are traditionally housed in childcare centers, but there are an increasing number of classrooms being offered at local public schools. How do parents know which option is best for their child?

At Discovery Point, children are not simply preparing for kindergarten; they are building a strong foundation in an environment intentionally designed just for them.

What Is Florida VPK?

Florida’s Voluntary Prekindergarten (VPK) Program provides free educational opportunities for eligible four-year-olds before they enter kindergarten. The goal of VPK is to help children develop the academic, social, emotional, and physical skills needed for future school success. Families can use their Florida VPK voucher at approved childcare centers, private preschools, and certain public-school programs.

As parents compare their options, it’s important to look beyond cost and convenience to evaluate the quality of the learning environment, teacher qualifications, safety procedures, and overall educational experience.

Why Families Choose Discovery Point Centers for VPK

Discovery Point’s Proprietary curriculum and in-center design is created for preschool aged children:

Caring, nurturing teachers specifically trained in Early Childhood Education.A secure campus designed for young children, with controlled access, structured supervision, and safety procedures focused exclusively on the needs of preschoolers.A social-emotional environment where children can learn, grow, and build friendships alongside peers their own age, without exposure to the influences, behaviors, and challenges that naturally come with sharing a campus with children as old as 12 years old.Classrooms filled with developmentally appropriate materials, toys, and learning experiences designed specifically for four- and five-year-olds.Child-sized restrooms, sinks, furniture, and learning environments that promote confidence, independence, and success.Age-appropriate playgrounds designed to meet preschool developmental needs and ASTM safety standards.Regular oversight through inspections by the Florida Department of Children and Families, along with Discovery Point’s own Quality Assurance Team, ensuring high standards for health, safety, and educational excellence.A warm, family-focused environment where children are known, valued, and encouraged to grow socially, emotionally, physically, and academically.Enrichment opportunities and experiences that go beyond what many traditional school settings can offer, helping children develop confidence, creativity, and a lifelong love of learning.A proven curriculum that prepares children for kindergarten success through hands-on learning experiences that build early literacy, math, science, critical thinking, and problem-solving skills.

Elementary schools simply aren’t designed for little minds and little bodies.

Research continues to show that high-quality early childhood education can have lasting benefits for academic achievement and social-emotional development. For this reason, Discovery Point encourages families to carefully evaluate all preschool options and visit potential programs before making a decision.

For Florida VPK options with Discovery Point, visit https://www.discoverypoint.com/centers/ to find a location near you and schedule a tour. Discovery Point has been a leader in childcare and early education since 1988. 

Media Contact:
Briyanna Purifoye
bpurifoye@discoverypoint.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/the-discovery-point-difference-choosing-center-based-vpk-vs-public-school-programs-302800561.html

SOURCE Discovery Point Franchising, Inc

Continue Reading

Technology

Whimstay Launches Same-Day Booking, Bringing Hotel-Style Spontaneity to Vacation Rentals

Published

44 minutes ago

on

June 15, 2026

By

Travelers can now book select vacation rentals up to four hours before check-in, closing a gap that kept the category out of reach for last-minute bookers

SAN FRANCISCO, June 15, 2026 /PRNewswire/ — Whimstay, the vacation rental platform built for last-minute travel, today announced that it now accepts same-day bookings on select properties. For participating homes, travelers can reserve a stay up to four hours before check-in, a capability long associated with hotels but rarely available in vacation rentals.

For years, the vacation rental industry stayed out of reach for same-day bookers. Long lead times, manual host approvals, and the operational complexity of turning over a home on short notice meant travelers who needed a place tonight defaulted to hotels. Whimstay’s same-day booking changes that for participating properties, giving spontaneous travelers, last-minute planners, and anyone whose plans shifted at the eleventh hour access to full homes instead of a single room.

The launch builds on Whimstay’s focus on last-minute inventory and competitive pricing. When a host opts a property into same-day booking, they are often motivated to fill an open calendar, which means travelers find space and value where they previously found neither.

Making four-hour bookings possible meant solving the trust problem that comes with speed. Whimstay built sophisticated fraud prevention into the same-day flow, screening transactions in real time so that faster bookings do not mean riskier ones for hosts or travelers.

“Same-day booking has been the standard in hotels for decades, and there was no good reason vacation rentals couldn’t offer the same thing,” said Ben Jamshahi, CEO at Whimstay. “We built the infrastructure to make it fast, safe, and reliable. Now a traveler can decide at noon and check into a full home by evening.”

Same-day booking is available now on participating Whimstay properties. To find a last-minute stay, visit whimstay.com.

About Whimstay
Whimstay is a vacation rental platform specializing in last-minute bookings and competitive pricing, connecting travelers with available homes when they need them most.

View original content to download multimedia:https://www.prnewswire.com/news-releases/whimstay-launches-same-day-booking-bringing-hotel-style-spontaneity-to-vacation-rentals-302800563.html

SOURCE Whimstay

Continue Reading

Technology

Kelley Drye Relocates San Diego Office to Del Mar

Published

44 minutes ago

on

June 15, 2026

By

New Location Supports Client Engagement and the Firm’s Continued Growth in California

SAN DIEGO, June 15, 2026 /PRNewswire/ — Kelley Drye & Warren LLP has relocated its San Diego office from La Jolla to a new Del Mar location at 12481 High Bluff Drive, reinforcing the firm’s continued investment in California and enhancing its ability to serve clients across the state.

The new 5,000‑square‑foot office is designed as a flexible hub for client engagement and collaboration. It features a state‑of‑the‑art conference center to support client meetings and industry programming, along with shared amenities that encourage informal connection among teams and clients. Centrally located within San Diego’s business and legal community, the Del Mar office provides room for continued growth while strengthening the firm’s local presence.

“California is a critical market for our clients,” said Kelley Drye Managing Partner Dana Rosenfeld. “Our new office allows us to collaborate more closely with clients while supporting the integrated, statewide platform we are building across California.”

The San Diego relocation builds on Kelley Drye’s recent expansion in California, including the opening of its San Francisco office and the addition of privacy partner Kate Black in San Francisco and litigation partner Tom Rybarczyk in Los Angeles. Together, these investments strengthen the firm’s ability to serve clients seamlessly throughout the state.

Lawyers in Kelley Drye’s San Diego office advise clients nationwide on environmental, international trade, and litigation matters. The office is led by partners Rebecca Durrant, Andrew Homer, and Kristine Pirnia, who will continue to build the firm’s presence and deepen client relationships in the region.

“This move gives us a stronger platform for client meetings, industry programs, and engagement with the San Diego business community,” said partner Andrew Homer. “As the firm continues to grow in California, we remain focused on attracting top talent and delivering the high level of service and collaboration our clients expect.”

The San Diego office move follows Kelley Drye’s recent relocations in Washington, D.C., New Jersey, and Connecticut. Together, these milestones underscore the firm’s long‑term commitment to its people, clients, and communities, and its focus on providing exceptional legal counsel in fast‑evolving markets.

Kelley Drye & Warren LLP is a powerhouse law firm with more than 190 years of practice. With over 300 attorneys and professionals across nine offices, it offers tenacious courtroom advocacy, strategic problem‑solving, and savvy deal‑making across litigation, regulatory, trade, real estate, bankruptcy, and corporate matters. Kelley Drye represents a diverse client base, serving Fortune 500 companies, emerging businesses, and government entities across technology, finance, healthcare, defense, real estate, and manufacturing. Kelley Drye is committed to delivering practical advice, creative solutions, and exceptional value through enduring client relationships. For more information, visit www.kelleydrye.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/kelley-drye-relocates-san-diego-office-to-del-mar-302800434.html

SOURCE Kelley Drye & Warren LLP

Continue Reading

Trending