Italy Buy Now Pay Later Business and Investment Opportunities Report 2022 – Travel Operators Are Launching Deferred Payment Services for Commuters in Italy Amid Growing Demand – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–Added the Buy Now Pay Later Business and Investment Opportunities in Italy report ResearchAndMarkets.com Offer.

According to the publisher, BNPL payments in the country are expected to grow 52.8% annually to reach $6,254.5 million in 2022.

companies mentioned

  • Klarna

  • additional payment

  • Scalapay

  • Mash and Domec JV

  • soisy

  • Moneymour

The medium to long term growth story of the BNPL industry in Italy remains strong. BNPL payment acceptance is expected to increase steadily over the forecast period, registering a CAGR of 26.8% between 2022 and 2028. The BNPL gross merchandise value in the country will increase to US$25,988.0 million in 2028 from US$4,094.1 million in 2021.

The Buy Now Pay Later (BNPL) industry continues to grow in Italy. The presence of national and global players such as Scalapay and Afterpay (known as Clearpay in Europe) is driving the acceptance of the payment method in Italy. While the outbreak of the pandemic and subsequent shift to online shopping have accelerated the adoption of BNPL among shoppers in the country, there is plenty of room for growth in Italy for both domestic and global players.

According to a March 2022 report by Clearpay, 56.1% of Italians who don’t know the payment method are interested in using a payment option that allows them to pay for purchases in installments. This shows that BNPL companies need to increase their investments to increase consumer awareness of the availability of deferred payment services as the demand in the Italian market is there. As domestic players attract large investment rounds in Italy, the editor expects that some of the investment will increase consumer awareness in the short to medium term.

In the next three to four years, the publisher expects that the boom in online shopping will continue to support the growth of the BNPL payment method. In addition, the payment method is expected to gain a foothold in Italy’s travel and tourism industry in the short to medium term, a trend that is rapidly gaining momentum around the world.

Domestic BNPL firms are conducting rounds of financing to invest in product development and branding

The Italian BNPL industry is still at an early stage of development and is expected to grow strongly in the long term. Consequently, domestic BNPL firms are trying to strengthen their positions to benefit from the market growth. As a result, these companies are conducting rounds of financing to invest in product development and branding.

BNPL providers are expanding their presence in Italy through strategic collaborations with online marketplaces

In order to further increase the acceptance of their BNPL product among Italian online buyers, companies enter into strategic cooperations with online marketplaces in the country.

Tour operators are launching deferred payment services for commuters in Italy amid growing demand

Globally, the demand for the BNPL payment method in the travel and tourism sector has increased significantly. This has prompted many travel-focused companies to adopt deferred payment services. Similar trends are particularly visible in Italy, where tour operators are introducing the BNPL option for in-country commuters.

scope

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

Italy BNPL market size and spending pattern

  • Gross merchandise value trend analysis

  • Trend analysis of average value per transaction

  • Trend analysis of transaction volume

Italy 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

Italy Buy Now Pay Later Market Share Analysis by Major Players

  • (Klarna, Scalapay, Mash and Domec JV, Afterpay, SplittyPay)

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

  • online channel

  • POS channel

Italy 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

Italy Buy Now, Pay Later in the Home Improvement Industry: Market Size and Forecast

  • Gross merchandise value trend analysis

  • Trend analysis of average value per transaction

  • Trend analysis of transaction volume

Italy 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

Italy 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

Italy 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

For more information about this report, visit https://www.researchandmarkets.com/r/7x0j37

Source

Also Read :  Loosened Travel Restrictions Draw Collectors Back to the Asia Now Fair in Paris This Year

Leave a Reply

Your email address will not be published.