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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
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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Research and Markets
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SOURCE Research and Markets

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NCMA Welcomes SAIC as a New Adopter of the Contract Management Standard® (CMS™)

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RESTON, Va., Dec. 30, 2024 /PRNewswire/ — National Contract Management Association (NCMA) is proud to announce that SAIC, a leading technology integrator focused on serving the mission critical operations of government agencies, has adopted the Contract Management Standard® (CMS™). This important initiative underscores SAIC’s commitment to excellence in contract management and reinforces its dedication to leveraging advanced technology and innovation to serve and protect our world.

As a premier Fortune 500® technology integrator, SAIC integrates emerging technology into mission-critical operations across defense, space, civilian, and intelligence markets. By adopting the CMS, SAIC continues building out its enhanced contract management practices to foster improved communication, streamlined processes and robust risk management capabilities. This strategic move supports SAIC’s ability to effectively tackle complex challenges and remain focused on driving modernization for critical national imperatives.

“We are pleased to announce the adoption of the Contract Management Standard within our operational framework, reinforcing our dedication to achieving and upholding operational excellence,” said Sandy Hinzman, Senior Vice President for Contracts and Global Supply Chain. “This initiative underscores our commitment to implementing robust acquisition processes and ensuring that our team is equipped with the industry’s best practices to deliver exceptional value and service, thereby reinforcing our ability to deliver innovative solutions for our government customers.”

“SAIC’s adoption of the Contract Management Standard is a testament to their leadership to enhance their capabilities and set a powerful example in support of the workforce and the missions they serve,” echoed NCMA CEO, Kraig Conrad. “Together, we are advancing standards and ensuring that practices align with the evolving demands of the marketplace.”

SAIC’s adoption of the CMS exemplifies their focus on heightening their workforce talent, skillset and capabilities. With approximately 24,000 employees and annual revenues of approximately $7.4 billion, SAIC is driven by mission, united by purpose and inspired by opportunities.

For more information on becoming a CMS adopter, https://www.ncmahq.org/adopters.

About NCMA
National Contract Management Association (NCMA) – www.ncmahq.org – is a thriving community of over 100,000 contract management professionals globally. Dedicated to fostering a globally recognized contract management profession and strengthening its connections with related acquisition communities, NCMA serves a diverse membership spanning both the public and private sectors. Through its steadfast commitment to facilitating the growth, advancement, and impact of practitioners, NCMA provides a platform for the open exchange of ideas in neutral forums, driving innovation and excellence in the field of contract management.  

About SAIC
SAIC is a premier Fortune 500® technology integrator focused on advancing the power of technology and innovation to serve and protect our world. Our robust portfolio of offerings across the defense, space, civilian and intelligence markets includes secure high-end solutions in mission IT, enterprise IT, engineering services and professional services. We integrate emerging technology, rapidly and securely, into mission critical operations that modernize and enable critical national imperatives. 

We are approximately 24,000 strong; driven by mission, united by purpose, and inspired by opportunities. SAIC is an Equal Opportunity Employer, fostering a culture of diversity, equity and inclusion, which is core to our values and important to attract and retain exceptional talent. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately $7.4 billion. For more information, visit saic.com. For career opportunities, click the “careers” link.

For more information, please contact:
Caralyn Duke
571-382-1111
388148@email4pr.com

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SOURCE National Contract Management Association

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Disrupting Delivery: Empowering Gig Economy Entrepreneurs and Transforming Last-Mile Logistics with Shaun Savage

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The need for flexible logistics solutions is at an all-time high. In this week’s episode of Disruption Interruption, Shaun Savage, CEO of GoShare, explores how his innovative platform is revolutionizing last-mile and middle-mile delivery. By leveraging tech-driven solutions, GoShare empowers small businesses to thrive in today’s fast-paced economy. Discover how emerging trends, including autonomous electric vehicles, are set to shape the future of logistics in the years ahead.

TAMPA BAY, Fla., Dec. 30, 2024 /PRNewswire-PRWeb/ — With 40% of Americans turning to side hustles and nearly half starting them to make ends meet, flexible opportunities in industries like logistics are more critical than ever. (1) In this week’s Disruption Interruption podcast, Shaun Savage, CEO and Founder of GoShare, joins host Karla Jo Helms (KJ) to discuss how his tech platform is revolutionizing last-mile and middle-mile delivery, creating opportunities, driving efficiency in logistics, and empowering small businesses to thrive in an evolving economy. ” For a business to be successful, they have to be able to move goods around quickly. We’re not just reinventing the wheel; we’re making a better wheel,” explains Savage.

“For a business to be successful, they have to be able to move goods around quickly. We’re not just reinventing the wheel; we’re making a better wheel.” – Shaun Savage

From Paper Trails to Seamless Solutions in Delivery
For years, the retail logistics industry relied on outdated methods to move goods. Local delivery drivers were contracted regionally, orders were taken via phone, and deliveries were organized using paper records or fax machines, explains Savage. This led to prolonged delivery times, often spanning weeks.

“The retail industry noticed that they had to be able to deliver goods quickly to compete with today’s e-commerce options like Amazon and Wayfair,” points out Savage. Recognizing this challenge, GoShare emerged as a transformative force in logistics. By leveraging an array of different technologies, the platform created a faster, more efficient, and user-friendly solution.

Future Supply Chain Trends: The Rise of Autonomous Vehicles
Logistics will continue to be heavily influenced by emerging technologies, and according to Savage, autonomous electric vehicles are expected to be the next game changers. Over the next few years, we could see these vehicles integrated into platforms like GoShare, especially for middle-mile deliveries.

While fully autonomous vehicles may not yet be suitable for complex last-mile deliveries, where human interaction is often necessary, their potential for larger, less intricate logistics tasks is undeniable.

“In the coming years, we’ll likely see autonomous vehicles becoming an integral part of the GoShare network, especially for middle-mile deliveries, offering a glimpse into the future of logistics,” mentions Shaun. The ability to move goods over longer distances without human drivers could dramatically reduce costs and improve efficiency.

Turning Delivery Challenges into Innovation: Shaun Savage’s Path
Shaun shares his experiences managing a house painting business during college revealing a common frustration faced by many contractors: the struggle to get supplies delivered efficiently. Every morning, he would wait in line at the paint store, pick up materials, and juggle deliveries to multiple job sites. When crews ran out of supplies at midday, someone had to go back to the store, wasting valuable time.

At that time, large retailers didn’t offer delivery services, leaving contractors to handle logistics on their own. “Now we are one of the primary delivery solutions for that same paint company. It’s a cool full-circle story,” Shaun says.

Links
Disrupting Delivery: Empowering Gig Economy Entrepreneurs and Transforming Last-Mile Logistics with Shaun Savage

https://omny.fm/shows/disruption-interruption/disrupting-delivery-empowering-gig-economy-entrepr

LinkedIn: https://www.linkedin.com/in/shaunsavage/
Twitter: https://twitter.com/shaunsavage19
Company Website: https://goshare.co/

Disruption Interruption is the podcast where you will hear from today’s biggest Industry Disruptors. Learn what motivated them to bring about innovation and how they overcame opposition to adoption.
Disruption Interruption can be listened to in Apple’s App Store and Spotify.

About Disruption Interruption™
Disruption is happening on an unprecedented scale, impacting all manner of industries— MedTech, Finance, IT, eCommerce, shipping, logistics, and more—and COVID has moved their timelines up a full decade or more. But WHO are these disruptors and when did they say, “THAT’S IT! I’VE HAD IT!”? Time to Disrupt and Interrupt with host Karla Jo “KJ” Helms, veteran communications disruptor. KJ interviews badasses who are disrupting their industries and altering economic networks that have become antiquated with an establishment resistant to progress. She delves into uncovering secrets from industry rebels and quiet revolutionaries that uncover common traits—and not-so-common—that are changing our economic markets… and lives. Visit the world’s key pioneers that persist to success, despite arrows in their backs at http://www.disruption-interruption.com.

About Shaun Savage
Shaun Savage is a dynamic leader and the driving force behind GoShare, a pioneering logistics platform that is redefining last-mile and middle-mile delivery solutions. With a mission to make delivery services more accessible and efficient, Shaun has successfully guided GoShare’s growth since its founding in 2014, transforming it into one of the fastest-growing tech companies in North America.

As an advocate for small businesses, Shaun actively participates in the leadership and technology committees of the National Small Business Association. His passion for economic empowerment in the transportation industry is evident through his commitment to leveraging technology to support entrepreneurs and enhance delivery operations. Under his leadership, GoShare has expanded its services nationwide, integrating advanced solutions for a seamless customer experience.

Shaun’s entrepreneurial journey began at the University of Delaware, where he graduated with a bachelor’s degree in History in 2006. During his college years, he invested in a College Pro Painters franchise, managing a team of seven employees. This early experience laid the groundwork for his future ventures and earned him recognition as one of San Diego’s “30 Under 30ish.” He has also been honored as a semi-finalist for the Ernst & Young Entrepreneur of the Year award.

Recently recognized as a finalist for the prestigious CEO of the Year award by the San Diego Business Journal, Shaun continues to drive GoShare forward with innovative strategies and technologies. His vision for the future of logistics is not just about growth but also about creating meaningful opportunities for individuals and businesses alike.

About Karla Jo Helms
Karla Jo Helms is the Chief Evangelist and Anti-PR® Strategist for JOTO PR Disruptors™. Karla Jo learned firsthand how unforgiving business can be when millions of dollars are on the line — and how the control of public opinion often determines whether one company is happily chosen, or another is brutally rejected. Being an alumnus of crisis management, Karla Jo has worked with litigation attorneys, private investigators, and the media to help restore companies of goodwill into the good graces of public opinion — Karla Jo operates on the ethic of getting it right the first time, not relying on second chances and doing what it takes to excel. Helms speaks globally on public relations, how the PR industry itself has lost its way, and how, in the right hands, corporations can harness the power of Anti-PR to drive markets and impact market perception.

References
1.    Castrillon, Caroline. “Why Side Hustles Are Becoming the New Normal.” Forbes, 16 June 2024, http://www.forbes.com/sites/carolinecastrillon/2024/06/16/why-side-hustles-are-becoming-the-new-normal/.

Media Inquiries:
Karla Jo Helms
JOTO PR™
727-777-4629

Media Contact

Karla Jo Helms, JOTO PR™, 727-777-4629, khelms@jotopr.com, jotopr.com

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SOURCE Disruption Interruption

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Cboe Global Markets to Close its U.S. Markets January 9 in Honor of National Day of Mourning for Former President Jimmy Carter

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CHICAGO, Dec. 30, 2024 /PRNewswire/ — Cboe Global Markets, Inc. (Cboe: CBOE), the world’s leading derivatives and securities exchange network, today announced its U.S. equities and options exchanges, along with Cboe Futures Exchange, will close on Thursday, January 9, 2025, in observance of the National Day of Mourning to honor former President Jimmy Carter.

In addition, Cboe observed a one-minute moment of silence on its Chicago trading floor at 8:20 a.m. Central Time (CT) today, in remembrance of the former President.

Cboe equities exchanges closed for trading during all sessions (early, regular, and after hours) on January 9 include Cboe BYX Exchange, BZX Exchange, EDGA Exchange, and EDGX Exchange.

Cboe options exchanges closed for trading during Regular Trading Hours on January 9 include Cboe Options Exchange, BZX Options Exchange, C2 Options Exchange, and EDGX Options Exchange. Global Trading Hours for Cboe Options Exchange will be open.

Cboe Futures Exchange (CFE) will be closed for trading during Regular Trading Hours on January 9, while Global Trading Hours will be open.

Cboe Digital Exchange will be open for trading and operate as normal on January 9.

About Cboe Global Markets, Inc.

Cboe Global Markets (Cboe: CBOE), the world’s leading derivatives and securities exchange network, delivers cutting-edge trading, clearing and investment solutions to people around the world. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives, and FX, across North America, Europe and Asia Pacific. Above all, we are committed to building a trusted, inclusive global marketplace that enables people to pursue a sustainable financial future. To learn more about the Exchange for the World Stage, visit www.cboe.com.

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Media Contacts

Cboe Analyst Contact

 

Angela Tu

 

Tim Cave

 

Kenneth Hill, CFA

+1-646-856-8734

+44 (0) 7593-506-719

+1-312-786-7559

atu@cboe.com

tcave@cboe.com

khill@cboe.com

CBOE-C
Cboe® and Cboe Global Markets® are registered trademarks of Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners.

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SOURCE Cboe Global Markets, Inc.

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