Thailand Buy Now Pay Later Market Introduction and Overview
According to SPER Market Research, the Thailand Buy Now Pay Later Market is estimated to reach USD 10.86 billion by 2033 with a CAGR of 11.22%.
The report includes an in-depth analysis of the Thailand Buy Now Pay Later Market, including market size and trends, product mix, distribution channels, and supplier analysis. The term "buy now pay later" (BNPL) describes financial services that let customers make upfront purchases of items and postpone making payments. Application processes, retail partners, payment systems, credit evaluation, repayment plans, and interest charges are some of the phases and components that make it up. Payments for consumer goods, clothing, furniture, vehicles, healthcare, vacations, airfare, housing, and online shopping are commonly made with BNPL. Customers can purchase upmarket and premium goods with this very useful service, which also promotes convenience, decreases financial restraints, and grants them financial independence.
Market Opportunities and Challenges
Opportunities: The international point of sale installment loans industry is growing as a result of the growing use of online payment methods in a variety of industries, including banking, health insurance, retail & consumer goods, and others. Furthermore, it has been proven that BNPL is a key factor in raising conversion rates in the field of online buying. Successful transactions increase for e-commerce shops when they offer flexible payment options. As a result, consumer behavior has changed, conversion rates have increased, client bases have grown, internet retailers now have a competitive advantage, and conventional consumer credit systems have been upended.
Challenges: The main factors restricting growth are low service awareness and the abundance of available payment options. There are numerous other choices, including financing payment with postdated checks, credit and debit cards, and other methods. Customers and retailers are not aware of the BNPL service in a number of emerging nations, including Brazil, India, Asia, and others. Additionally, prior to offering customers BNPL services, credit scores must be verified. The program provides clients with simple monthly installment payment alternatives for BNPL.Overall expansion is hampered by the availability of various payment choices and the lack of knowledge among customers, retailers, and merchants. The expensive maintenance of cold chain infrastructure, such as warehouses, refrigerated trucks, and specialty packing materials, presents another difficulty. For smaller companies or those operating in areas with poor infrastructure, these costs may be unaffordable.
Market Competitive Landscape
The Buy Now Pay Later Market in Thailand is moderately fragmented. Some of the market key players are SpayLater, Pay Next, Atome, K PAY LATER, Shop Now Pay Later.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Channel, By Enterprise Type, By Category
|
| Regions covered | Eastern Region, Western Region, Southern Region, Northern Region
|
| Companies Covered | SpayLater, Pay Next, Atome, K PAY LATER, Shop Now Pay Later.
|
COVID-19 Impact on Thailand Buy Now Pay Later Market
Thailand's Buy Now Pay Later (BNPL) market has been significantly impacted by the COVID-19 outbreak. Comparable to numerous other nations, the health crisis led to extensive economic instability and changed the purchasing habits of consumers. When individuals got used to lockdowns and other social distancing measures, there was an initial spike in internet shopping, but the subsequent economic crisis made them more frugal with their money. As a result, customers looking for flexible payment methods to manage their finances in the face of income reductions and job losses grew in demand for BNPL services. Younger groups and those with less access to traditional credit lines were especially aware of this trend.
Key Target Audience:
- Consumers
- E-Commerce Retailers
- Financial Institutions
- Government Agencies and Regulatory Bodies
- Industry Associations and Advocacy Groups
- Investors and Venture Capitalists
- Market Research Firms and Cosultants
Our in-depth analysis of the Thailand Buy Now Pay Later Market includes the following segments:
|
By Channel: |
Point of Sale
Online
|
|
By Enterprise Type: |
SMEs
Large Enterprises
|
|
By Category: |
Banking, Financial Services and Insurance (BFSI)
Consumer Electronics
Fashion & Garment
Healthcare
Retail
Media and Entertainment
|
Key Topics Covered in the Report:
- Thailand Buy Now Pay Later Market Size (FY’2024-FY’2033)
- Overview of Thailand Buy Now Pay Later Market
- Segmentation of Thailand Buy Now Pay Later Market By Channel (Point of Sale, Online)
- Segmentation of Thailand Buy Now Pay Later Market By Enterprise Type (SMEs, Large Enterprises)
- Segmentation of Thailand Buy Now Pay Later Market By Category (Banking, Financial Services and Insurance, Consumer Electronics, Fashion & Garment, Healthcare, Retail, Media and Entertainment, Others)
- Expansion Analysis of Thailand Buy Now Pay Later Market
- Problems and Obstacles in Thailand Buy Now Pay Later Market
- Competitive Landscape in the Thailand Buy Now Pay Later Market
- Impact of COVID-19 and Demonetization on Thailand Buy Now Pay Later Market
- Details on Current Investment in Thailand Buy Now Pay Later Market
- Competitive Analysis of Thailand Buy Now Pay Later Market
- Prominent Players in the Thailand Buy Now Pay Later Market
- SWOT Analysis of Thailand Buy Now Pay Later Market
- Thailand Buy Now Pay Later Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Thailand Buy Now Pay Later Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Thailand Buy Now Pay Later Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Thailand Buy Now Pay Later Market
7. Thailand Buy Now Pay Later Market, By Channel (USD Million)
7.1. Thailand Buy Now Pay Later Market Value Share and Forecast, By Channel, 2024-2033
7.2. Point of Sale
7.3. Online
8. Thailand Buy Now Pay Later Market, By Enterprise Type (USD Million)
8.1. Thailand Buy Now Pay Later Market Value Share and Forecast, By Enterprise Type, 2024-2033
8.2. SMEs
8.3. Large Enterprises
9. Thailand Buy Now Pay Later Market, By Category (USD Million)
9.1. Thailand Buy Now Pay Later Market Value Share and Forecast, By Category, 2024-2033
9.2. Banking, Financial Services and Insurance (BFSI)
9.3. Consumer Electronics
9.4. Fashion & Garment
9.5. Healthcare
9.6. Retail
9.7. Media and Entertainment
9.8. Others
10. Thailand Buy Now Pay Later Market Forecast, 2020-2033 (USD Million)
10.1. Thailand Buy Now Pay Later Market Size and Market Share
11. Thailand Buy Now Pay Later Market, By Channel, 2020-2033 (USD Million)
11.1. Thailand Buy Now Pay Later Market Size and Market Share By Channel (2020-2026)
11.2. Thailand Buy Now Pay Later Market Size and Market Share By Channel (2027-2033)
12. Thailand Buy Now Pay Later Market, By Enterprise Type, 2020-2033 (USD Million)
12.1. Thailand Buy Now Pay Later Market Size and Market Share By Enterprise Type (2020-2026)
12.2. Thailand Buy Now Pay Later Market Size and Market Share By Enterprise Type (2027-2033)
13. Thailand Buy Now Pay Later Market, By Category, 2020-2033 (USD Million)
13.1. Thailand Buy Now Pay Later Market Size and Market Share By Category (2020-2026)
13.2. Thailand Buy Now Pay Later Market Size and Market Share By Category (2027-2033)
14. Thailand Buy Now Pay Later Market, By Region, 2020-2033 (USD Million)
14.1. Thailand Buy Now Pay Later Market Size and Market Share By Region (2020-2026)
14.2. Thailand Buy Now Pay Later Market Size and Market Share By Region (2027-2033)
14.3. Eastern Region
14.4. Northern Region
14.5. Western Region
14.6. Southern Region
15. Company Profile
15.1. SpayLater
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. Pay Next
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. Atome
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. K PAY LATER
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. Shop Now Pay Later
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
