Buy-now-pay-later schemes to account for over a quarter of global e-commerce transactions by value in six years
- Global BNPL spending to reach $1trn by 2026
- Buy-now-pay-later schemes to account for over 24% of global e-commerce transactions by value in 2026
- Increase from $266bn (£188bn) in 2021 to $995bn (£705bn) by 2026
A new study from Juniper Research reveals that global spending through buy-now-pay-later (BNPL) schemes is expected to skyrocket, reaching $1 trillion by 2026. These schemes are projected to account for over 24% of all e-commerce transactions for physical goods by value, up from just 9% in 2021. The increase will see spending rise from $266 billion (£188bn) last year to a staggering $995 billion (£705bn) by the end of the decade.
Factuality Level: 10
Factuality Justification: The article provides accurate and objective information based on a recent study by Juniper Research. It presents the current spending amount and projects future growth without any unnecessary details or personal opinions.
Noise Level: 4
Noise Justification: The article provides relevant information about the growth of buy-now-pay-later schemes and a forecast for future spending. However, it lacks analysis or exploration of potential consequences, accountability, and actionable insights.
Financial Relevance: Yes
Financial Markets Impacted: Buy-now-pay-later schemes
Financial Rating Justification: The article discusses the growth of buy-now-pay-later schemes, which is a financial service that allows consumers to make purchases and pay for them over time. This impacts financial markets as it represents an increase in consumer spending and potentially affects companies offering these services or competing in the financial sector.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours.
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