BNPL payment industry in Taiwan has recorded strong growth over the last four quarters, supported by increased ecommerce penetration along with impact of economic slowdown due to disruption caused by Covid-19 outbreak.
According to PayNXT360’s Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 70.5% on annual basis to reach US$ 646.8 million in 2021.
Medium to long term growth story of BNPL industry in Taiwan remains strong. The BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 28.4% during 2021-2028. The BNPL Gross Merchandise Value in the country will increase from US$ 379.3 million in 2020 to reach US$ 3721.4 million by 2028.
Scope
This report provides in-depth, data-centric analysis of Buy Now Pay Later industry in Taiwan. Below is a summary of key market segments:
Taiwan BNPL Market Size and Spending Pattern
• Gross Merchandise Value Trend Analysis
• Average Value Per Transaction Trend Analysis
• Transaction Volume Trend Analysis
Taiwan Buy Now Pay Later Market Share Analysis by Key Players
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