Australia Buy Now Pay Later Business and Investment Opportunities

  Sweden’s GDP expanded by 4.3% in Q3’20 after a slump in Q2’20 due to coronavirus outbreak. However, for full year 2020, the economy is expected to shrink impacting consumer confidence. The economy is likely to recover in 2021 which would have a positive impact on consumer spending and consequently the gift card market. Though growth of gift card market has been impacted in 2020 due to the COVID crisis, the market is set to grow as retail and corporate customer increase spending on gift cards over the forecast period. Due to COVID-19, there has been shift in demand from brick and mortar retail to e-commerce. The growth in e-commerce will be owing to digitally savvy shoppers which will have a positive impact on the gift card industry in the coming years. Moreover, in October 2020, Amazon extended its presence in Sweden with its new e-commerce site Amazon.se, which could further enhance the e-commerce market in the country. The growing demand from the millennials and Gen Z populatio...

  Buy now pay later (BNPL) trend is becoming popular across APAC by enabling consumers to defer payments and access credit. The increase in uptake of BNPL service across APAC has been fueled by Gen Z and millennial shoppers. Some companies which have embraced BNPL service include Grab, ride hailing firm; Traveloka, a travel platform; Tokopedia, an ecommerce marketplace; and Alibaba and JD.com, e-commerce giants. Some pure players operating in the market include Kredivo (Indonesia) and Hoolah (Singapore). The BNPL trend has also taken off in Australia where players including Afterpay, Zip Pay, and Splitit have taken share from traditional credit card companies owing to fast approvals. Afterpay is planning to further expand in Asia by capitalizing on acquisition of EmpatKali, Singapore-based BNPL firm. For year ended June 2020, Afterpay had around 10M active users. In July 2020 , Afterpay collaborated with Google Pay to extend its BNPL service. Also, earlier in May 2020, Tencent, Chi...

  With shoppers around the world planning to shop early for their gift cards, PayNXT360 expects it is time for restaurants and big-box retailers to start pushing the sales of their gift cards to expand their market. Based on   PayNXT360 ’s analysis, shipping delays and global supply chain crisis due to covid restriction is likely to lead to increased consumer interest in gift cards, especially for the ones of restaurants and retailers. It is expected that multi-brand gift cards and restaurants are expected to top consumers' shopping lists in this holiday season. The global pandemic and unavailability of vaccines affected the restaurant gift card sales during the last holiday season. However, with public places, including restaurants opening back for business worldwide, the restaurant gift cards category is expected to see increased consumer interest during the 2021 holiday season.   Anticipated shortage in gift products, retailers are focusing on gift cards for increasing...

  Sweden’s GDP expanded by 4.3% in Q3’20 after a slump in Q2’20 due to coronavirus outbreak. However, for full year 2020, the economy is expected to shrink impacting consumer confidence. The economy is likely to recover in 2021 which would have a positive impact on consumer spending and consequently the gift card market. Though growth of gift card market has been impacted in 2020 due to the COVID crisis, the market is set to grow as retail and corporate customer increase spending on gift cards over the forecast period. Due to COVID-19, there has been shift in demand from brick and mortar retail to e-commerce. The growth in e-commerce will be owing to digitally savvy shoppers which will have a positive impact on the gift card industry in the coming years. Moreover, in October 2020, Amazon extended its presence in Sweden with its new e-commerce site Amazon.se, which could further enhance the e-commerce market in the country. The growing demand from the millennials and Gen Z popul...