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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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SOURCE Research and Markets

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1st Commercial Credit Introduces Enhanced Tools for Security Guard Companies

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AUSTIN, Texas, Dec. 30, 2024 /PRNewswire/ — 1st Commercial Credit, LLC, a leading provider of receivable based financial solutions, is excited to announce the launch of its new and enhanced tools designed specifically for security guard companies. These advanced software tools aim to streamline operations, improve efficiency, and ensure seamless integration with financial services and payroll companies.

The enhanced features include:

Automated Time Clock Management: Simplify payroll processes with automated timesheets, reducing administrative burden and minimizing errors. The timesheets will be extracted automatically for payroll and invoicing.Staff Scheduling: Efficiently plan and manage team schedules to ensure optimal workforce allocation.Geo-Tracking: Monitor employee locations in real-time to improve accountability and ensure safety.Field Reporting: Enable seamless inter-company reporting from the field, ensuring timely and accurate updates.Invoicing Integration: Connect operational data directly to invoicing systems for faster and more accurate billing. API interface with MyBizPad that creates invoices based on time sheets authorized.Automated Funding Schedule Submissions: Expedite funding processes by automatically submitting schedules for factoring invoices.

Add Automated Time Sheets to Integrated Invoicing.

“We understand the unique challenges security guard companies face in managing their operations while maintaining financial stability,” said Raul Esqueda, President of 1st Commercial Credit, LLC. “These new tools are designed to not only address those challenges but also provide a comprehensive solution that integrates operational management with financial services.”

The enhanced tools are part of 1st Commercial Credit’s commitment to offering tailored solutions that empower businesses to focus on growth while optimizing cash flow and operational efficiency.

For more information about 1st Commercial Credit’s factoring services and the new software tools, please visit Security Guard Financing or contact us at (800) 876-6071.

About 1st Commercial Credit, LLC 1st Commercial Credit, LLC is a leading provider of invoice factoring and financial solutions, specializing in helping businesses across various industries improve cash flow and operational efficiency. With innovative services and customized solutions, 1st Commercial Credit has become a trusted partner for companies looking to grow and thrive.

View original content to download multimedia:https://www.prnewswire.com/news-releases/1st-commercial-credit-introduces-enhanced-tools-for-security-guard-companies-302340375.html

SOURCE 1st Commercial Credit, LLC

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Big Updates! HitPaw Edimakor V3.4.0 Released with AI Voice Changer and Updated AI Features

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NEW YORK, Dec. 30, 2024 /PRNewswire/ — HitPaw Edimakor, a powerful video editor known for its AI-driven tools, has released version 3.4.0. This major update introduces a new AI voice changer that allows users to easily modify voice pitch, tone, and apply various effects to add a creative edge to their videos. It also enhances user-friendly features and a range of AI-driven features that redefine the content creation process.

What’s New in HitPaw Edimakor V3.4.0

New AI Voice Changer
Edimakor introduces its exciting new AI Voice Changer, enabling users to effortlessly transform voice tones and explore creative effects. With over 50 popular voice-changing options, including Santa Claus, ET, Mario, Barbie, and Sheldon, you can easily make your voice sound funny, cute, or professional. This feature enhances creativity, making content creation more engaging and offering the freedom to express your ideas in any way you desire.

The AI Voice Changer is versatile and suitable for a range of scenarios, including:

Entertainment Content: Add a fun twist to your videos or audio projects.Teaching Videos: Enhance engagement with customized voice effects.Business Presentations: Achieve a polished, professional tone.Storytelling: Bring characters to life with unique voice transformations.Gaming: Add personality to streams or in-game communication.

Other Enhanced AI features
Edimakor also enhances its popular AI features, enhancing functionality and performance to provide even more powerful tools for seamless video editing and content creation.

AI Subtitle Generator
Introducing word-by-word subtitle styles, support for 40+ languages, including Tamil, Urdu, Malay, and more, along with automatic script-to-subtitle splitting, enhancing subtitle display, global video localization, and production efficiency.

Text-to-Speech
Supporting over 40 languages and more than 300 professional voice tones, makes it exceptionally well-suited for advertisements, video production, and various other scenarios, guaranteeing accurate emotional expression and seamless delivery.

AI Video Generator
By expanding the AI automatic resource matching library, users only need to operate simply to create high-quality works with one click. It not only saves time and energy, but also improves creative efficiency, allowing more people to easily realize their creative dreams.

Pricing & Availability
HitPaw Edimakor V3.4.0 is available with flexible licensing options, and monthly, yearly, and lifetime subscriptions are available with the software. It is also more affordable for budgets of all kinds, thanks to discounts and Christmas offers of up to 30% off.

About HitPaw Edimakor
HitPaw Edimakor V3.4.0 seamlessly blends powerful features with cutting-edge AI innovations, making it easy for professionals and amateurs to edit videos. Whether you’re producing social media content or making professional-grade videos, this update provides a smooth and efficient experience. With more advanced AI tools such as AI Avatar, AI Background Remover, Screen Recorder, and AI Audio Remover, Edimakor elevates your video creation process, making it easy and efficient for users of all skill levels to create high-quality videos.

For more information about HitPaw Edimakor V3.4.0, visit https://edimakor.hitpaw.com/

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X/Twitter: https://twitter.com/HitpawEdimakor
YouTube: https://www.youtube.com/@HitPawEdimakorOfficial
Instagram: https://www.instagram.com/edimakor2024/

This release was issued through Send2Press® on behalf of the news source. For more information, visit Send2Press Newswire at https://www.send2press.com/.

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SOURCE HitPaw. Co., Ltd

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Reimagine the Modern Constituent Experience for SLED Organizations

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ALTA LOMA, Calif., Dec. 30, 2024 /PRNewswire/ — State and Local Government organizations have long been perceived as slow, siloed, and outdated when it comes to constituent experience. Constituents often face long hold times, repetitive questions from different agents, and the hassle of resubmitting the same documents multiple times. Meanwhile, agents may struggle with outdated data processing systems…but what if this didn’t have to be the case? At Global Technology Solutions, Inc (GTS), we’re revolutionizing the way that state and local governments serve their populations—starting with a consultative approach to uncover the best cloud contact center solutions for your organization.

Discover AI-Powered Solutions for SLED

Every State and Local Government organization will have unique needs and challenges in delivering an excellent constituent experience. Whether that’s redirecting FAQs, enabling self-service options with chatbots, or unifying constituent data into one portal, GTS can identify where to improve CX with cutting-edge Artificial Intelligence (AI) and Machine Learning (ML) technology. Organizations will be amazed at how simple and efficient the constituent experience can be with a cloud contact center solution.

How GTS Revolutionizes the Constituent Experience:

Support & Managed Services: GTS guides clients throughout the seamless integration process to cloud contact center solutions and beyond. Organizations that work with GTS will never be left to troubleshoot on their own—they’ll have open access to GTS’s team for technical support and other services.

Professional Services: GTS offers a wide range of on-demand IT services from scalable, flexible cloud solutions to business applications and customer experience. Organizations will be able to rely on the expertise of expert technical assistance, ensuring smooth operations beyond deployment.

OmniSuite: GTS’s OmniSuite tools include chatbots, virtual assistants, omnichannel portals for agents, and more. These artificially intelligent tools are deployed on a trusted partner’s cloud infrastructure, like Amazon Web Services (AWS) or Genesys. Using these AI tools facilitates quicker, more accurate resolutions to inquiries made by constituents.

OmniDARS: The first tool made specifically for SLED clients, OmniDARS is for administrative law judges, hearing officers, and legal administrators who want to reduce clicks and expedite reviewing appeals cases. By enabling remote interactions among claimants, witnesses, and legal representatives, OmniDARS accelerates case resolutions and reduces the need for rescheduled hearings.

Create An Excellent Constituent Experience

Tenants of excellent customer experience like quick response times, self-service options, and cohesive customer data can all be applied to State and Local Government organizations. By implementing a cloud contact center solution, organizations can open pathways to improved agent performance, thereby improving the interactions and exceeding constituents’ expectations. Cloud contact centers cut down wait times and open more avenues of communication, making everyone happier in the process. Embracing a digital transformation helps both the individual and the organization by expediting the process to resolving constituent inquiries. Modernizing your contact center not only reduces frustration for constituents but also enhances agent job satisfaction. Why wouldn’t you want to embrace a digital transformation that personalizes interactions and improves efficiency?

Request a Demo Today

Don’t wait—see these innovative tools in action! Request a demo of our future-ready technology by reaching out to hello@GTSCX.AI. Explore video demonstrations of our contact center solutions and schedule a 1:1 consultation to discuss your organization’s specific needs.

View original content to download multimedia:https://www.prnewswire.com/news-releases/reimagine-the-modern-constituent-experience-for-sled-organizations-302340384.html

SOURCE Global Technology Solutions

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