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Germany Buy Now Pay Later Databook 2024: Germany-Based Fintech Firms are Entering the Market with BNPL Product Launches

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DUBLIN, Feb. 14, 2024 /PRNewswire/ — The “Germany Buy Now Pay Later Business and Investment Opportunities Databook – 75+ KPIs on BNPL Market Size, End-Use Sectors, Market Share, Product Analysis, Business Model, Demographics – Q1 2024 Update” report has been added to  ResearchAndMarkets.com’s offering.

BNPL payments in Germany are expected to grow by 14.4% on an annual basis to reach US$70.07 billion in 2024. The medium to long-term growth story of the BNPL industry in Germany remains strong. BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 9.3% during 2024-2029. The BNPL gross merchandise value in Germany will increase from US$61.27 billion in 2023 to reach US$109.28 billion by 2029.

The buy now pay later industry is thriving on the back of rising inflation and subsequent decline in disposable income in Germany. The trend, in 2024, is projected to continue with adoption rising among consumers across age groups. The uptake is expected to be especially higher among young generation consumers. 

To tap into the high-growth market, new players also entered the industry in 2023. Going forward, more firms are expected to launch their innovative products to cater to the growing demand among Germans. This will drive the competitive landscape and support innovation in the sector. Overall, there is a robust growth outlook for the BNPL industry over the next three to four years in Germany.

The buy now pay later sector is growing at a strong rate amid higher adoption in the German market

With rising interest rates and inflationary pressure, consumers are flocking towards flexible payment solutions like BNPL at an accelerated pace in Germany. According to a report from Schufa, the German credit rating agency, there has been a 30% increase in BNPL usage in 12 months. The adoption, specifically, is much higher among young generation shoppers in Germany.

In 2024, the adoption of BNPL loans is expected to further increase in the German market, due to a persistent decline in disposable income amid a higher inflationary environment. This trend will support the growth of the industry over the medium term.

Germany-based fintech firms are entering the market with their BNPL product launches

With the industry projected to record strong growth over the next three to four years, more and more fintech firms are seeking to tap into the growth opportunity. These firms are launching their products, while also driving the competitive landscape in the sector.

Unzer, known for its payment and commerce solutions, launched a new buy now pay later product upaylater in 2023. This product combines invoice, installment payment options, and direct debit into a single interface, making it more convenient for merchants to offer BNPL services that customers are increasingly asking for. Unzer has a decade-long history of providing basic invoice, installment, and guaranteed direct debit payment methods, and now it aims to further expand its presence in the BNPL market.

More such fintech firms are expected to launch their innovative BNPL product offerings in the German market, subsequently driving the competitive landscape and market growth over the next three to four years.

To save consumers from BNPL debt traps, e-commerce providers are partnering with startups to launch a save now pay later service in Germany

The adoption has been growing at a rapid rate among young generation consumers, which in turn, is also driving the problem of delinquencies and debt trap. Consequently, to drive responsible consumption, e-commerce providers are forging strategic partnerships with innovative startups to launch save now pay later products in the market.

The widening distribution of save now pay later products, through strategic collaborations, can dampen the growth of the buy now pay later industry in the German market over the medium term.

Report Scope

This report provides a detailed data-centric analysis of the Buy Now Pay Later (BNPL) industry, covering market opportunities and risks across a range of retail categories. With over 75 KPIs at the country level, this report provides a comprehensive understanding of BNPL market dynamics, market size and forecast, and market share statistics.

It breaks down market opportunities by type of business model, sales channels (offline and online), and distribution models. In addition, it provides a snapshot of consumer behaviour and retail spending dynamics. KPIs in both value and volume terms help in getting an in-depth understanding of end market dynamics.

Below is a summary of key market segments:

Germany BNPL Market Size and Spending Pattern, 2020-2029Germany Buy Now Pay Later Revenue Analysis, 2020-2029Germany Buy Now Pay Later Operational KPIs & Statistics, 2020-2029Germany BNPL by Purpose, 2020-2029Germany BNPL by Business Model, 2020-2029Germany BNPL by Merchant Ecosystem, 2020-2029Germany BNPL by Distribution Model Analysis, 2020-2029Germany Buy Now Pay Later Market Share Analysis by Key PlayersGermany BNPL Analysis by Channel, 2020-2029Germany Buy Now Pay Later in Retail Shopping: Market Size and Forecast, 2020-2029Germany Buy Now Pay Later in Home Improvement: Market Size and Forecast, 2020-2029Germany Buy Now Pay Later in Travel: Market Size and Forecast, 2020-2029Germany Buy Now Pay Later in Media and Entertainment: Market Size and Forecast, 2020-2029Germany Buy Now Pay Later in Services: Market Size and Forecast, 2020-2029Germany Buy Now Pay Later in Automotive: Market Size and Forecast, 2020-2029Germany Buy Now Pay Later in Healthcare and Wellness: Market Size and Forecast, 2020-2029Germany Buy Now Pay Later in Others: Market Size and ForecastGermany Buy Now Pay Later Analysis by Consumer Attitude and Behaviour

For more information about this report visit https://www.researchandmarkets.com/r/33215t

About ResearchAndMarkets.com
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SOURCE Research and Markets

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Tulufan, Xinjiang: For the first time, a new energy plant and station has achieved “all-green electricity” operation

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1 min ago

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September 20, 2024

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TULUFAN, China, Sept. 20, 2024 /PRNewswire/ — On September 19, employees of State Grid Tulufan Electric Power Supply Company came to State Power Investment Zhongli Tenghui Qiquanhu Photovoltaic Power Station to provide comprehensive technical support and guidance for new energy enterprises.

Seven wind power and photovoltaic power generation enterprises, including Xinjiang Jize Power Generation Company in Tulufan, have obtained 6.035 million KWH of grid electricity by purchasing 6,035 “green certificates” to achieve “green electricity – green electricity” and achieve green energy use in the whole link of new energy power generation.

The green power certificate, referred to as “green certificate”, is the only certificate that identifies the production and consumption of renewable energy power. Promoting the all-green operation of new energy power generation is an important measure to promote the green consumption of renewable energy.

“Before, we were just ‘producers’ of green electricity. Now the buyers of green certificates have become green electricity consumers, and the production process is fully green.” Qiquan Lake photovoltaic power station inspection officer Forzati Dilishati said.

Since the launch of the green electricity and green certificate market, State Grid Tulufan Electric Power Supply Company has actively promoted green electricity trading, promoted the supply of green electricity and green certificates in multiple scenarios, promoted the rapid promotion and popularization of related services in Tulufan, and helped build a new power system.

In the first eight months of this year, the cumulative volume of green electricity transactions in Xinjiang reached 1.174 billion KWH, 93.83 times that of the whole year of 2022.

 

View original content:https://www.prnewswire.com/apac/news-releases/tulufan-xinjiang-for-the-first-time-a-new-energy-plant-and-station-has-achieved-all-green-electricity-operation-302253902.html

SOURCE State Grid Tulufan Electric Power Supply Company

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KuCoin’s Alicia Kao Shares Insights on How AI is Accelerating Mass Crypto Adoption at TOKEN2049 Singapore

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1 min ago

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September 20, 2024

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VICTORIA, Seychelles, Sept. 20, 2024 /PRNewswire/ — Alicia Kao, Managing Director at leading global cryptocurrency exchange, KuCoin, shared her vision on how crypto exchanges are the drivers that hold the keys to unlocking mainstream crypto adoption. Speaking at the OKX Main Stage at TOKEN2049 in Singapore on a panel session titled “Exchanges at the Helm: Driving Crypto from Niche to Mainstream,” Alicia shared that “accessing information about blockchain has become significantly easier…at KuCoin, we leverage complex data analysis algorithms using our trading bots to help users trade more efficiently.”

Industry stakeholders from all groups were in attendance for the panel, comprising investors, crypto enthusiasts, and more. The focus was on the crucial role of cryptocurrency exchanges in paving the way for crypto adoption and the eventual integration of digital assets into mainstream financial systems. Alicia and her fellow panelists explored both the challenges and opportunities that lay ahead for the crypto industry.

Alongside Alicia, the panel also featured leaders from leading crypto exchanges such as Ben Zhou, Co-Founder and CEO of Bybit; Gracy Chen, CEO of Bitget; Vivien Lin, Chief Product Officer of BingX; and Sonia Shaw, President of CoinW, and moderated by Michael Casey, Chairman of the Decentralized AI Society.

In addition to the panel discussion, KuCoin cemented its position as a leading centralised exchange (CEX) with a prominent presence on the show floor and activations that showcased the platform’s latest developments. The KuCoin Arcade also drew significant attention, offering an engaging and immersive experience with interactive crypto-themed games and activities.

“As we wrap up another edition of TOKEN2049 in Singapore, I’m once again filled with optimism for the future of the crypto industry. The energy, innovation, and collaboration displayed over the past two days have been immensely inspiring. At KuCoin, we will continue striving to be the driving force in this ever evolving space to build a more inclusive, decentralised, and prosperous financial future” added Alicia as TOKEN2049 concluded.

About KuCoin

Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.

 

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SOURCE KuCoin

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PayPal Ventures Reinforces Support of Chaos Labs with Additional Investment

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1 min ago

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September 20, 2024

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SINGAPORE, Sept. 20, 2024 /PRNewswire/ — Today, PayPal Ventures, the global venture capital arm of PayPal, announced an additional investment in Chaos Labs, an industry leader in onchain risk management. This investment underscores PayPal Ventures’ confidence in Chaos Labs’ potential and their blockchain products.

Chaos Labs’ recent launch of Edge, a new decentralized oracle protocol, has garnered significant attention within the industry. Edge has already secured a remarkable $30B over the last 2 months and has been adopted by leading exchanges such as Jupiter, the top perpetuals exchange on Solana, and GMX, the leading exchange on Arbitrum.

Edge offers a comprehensive, low-latency oracle solution, combining accurate price data with actionable market intelligence. Its advanced architecture ensures the security and efficiency of DeFi applications while providing insights into market dynamics and security risks. Edge monitors the market for specific risk signals, performs the offchain data parsing and computation, and outputs one actionable data point.

Omer Goldberg, CEO and Founder of Chaos Labs, said, “We’re excited to receive the strong confidence and additional support from the PayPal Ventures team. Edge by Chaos is the culmination of our entire company’s work and expertise. Edge Price, Risk, and Proofs deliver meaningful and unmatched contextualized risk and price data for assets including stablecoins and other real-world-assets, in addition to the crypto assets and venues that provide access to them.”

Last month, Chaos Labs announced a $55 million Series A funding round led by Haun Ventures, including prominent new investors such as F-Prime Capital, Slow Ventures, and Spartan Capital, and existing investors including PayPal Ventures. Chaos Labs has experienced significant growth, tripling its customer base and securing billions in trading volume, loans, and incentives.

PayPal Ventures’ investment aligns with PayPal’s ongoing commitment to the blockchain ecosystem. In May 2024, PayPal launched its stablecoin, PYUSD, on the Solana blockchain.

Amman Bhasin, Partner at PayPal Ventures, said, “Our continued investment in Chaos Labs reflects our belief in their vision to create a safer crypto ecosystem and move more financial services on chain. Chaos Labs has emerged as a leading risk authority in the sector and we are thrilled to witness their evolution as they launch innovative products like Edge to mitigate oracle vulnerabilities.”

Chaos Labs will receive the total investment in PYUSD on-chain. A simulation will be shown live on-stage on September 20th at the annual Solana Breakpoint conference in Singapore.

About Chaos Labs

Chaos Labs leads the blockchain risk management industry with innovative solutions for the evolving onchain financial landscape. Chaos Labs enables protocols to verify stability across all market conditions, merging offchain observability with onchain risk parameter adjustments. Backed by leading venture capital firms, Chaos Labs continues to set new standards for security and responsiveness in onchain finance. Founded in 2021, Chaos Labs is headquartered in New York City.

About PayPal Ventures

PayPal Ventures is the global corporate venture arm of PayPal. We invest for financial return in companies at the forefront of innovation in fintech, commerce enablement, digital infrastructure, and crypto/blockchain technologies. Through the expertise, experience, and vast network of PayPal Ventures – and the companies we invest in – we are helping to bring transformative solutions to market faster. For more information, please visit: www.paypal.vc 

 

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SOURCE Chaos Labs, Inc.

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