Dublin, Sept. 24, 2021 (GLOBE NEWSWIRE) — The “Thailand Buy Now Pay Later Business and Investment Opportunities Report 2021” report has been added to ResearchAndMarkets.com’s offering.
BNPL payment industry in Thailand 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 the Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 71.5% on annual basis to reach US$ 697.1 million in 2021.
Medium to long term growth story of BNPL industry in Thailand remains strong. The BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 29.1% during 2021-2028. The BNPL Gross Merchandise Value in the country will increase from US$ 406.5 million in 2020 to reach US$ 4156.3 million by 2028.
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