PayNXT360

  In value terms, the gift card market in Global has recorded a CAGR of 8.0% during 2018–2022. According to PayNXT360, global gift card industry is expected to grow by 8.1% on annual basis to reach US$ 511019.3 million in 2023. The gift card industry at the global level will continue to grow over the forecast period and is expected to record a CAGR of 6.9% during 2023-2027. Global Gift card market will increase from US$ 472764.8 million in 2022 to reach US$ 668465.5 million by 2027. The popularity of gift cards as a gifting option and payment tool has grown significantly over the last five years. The global pandemic outbreak has further accelerated the shift towards gift cards, especially digital ones. The current macroeconomic challenges, including high-interest rates and an inflation environment, are further aiding the adoption of gift cards among consumers globally. As the trend is projected to continue from the short to medium-term perspective, gift card providers are ...

  The B2B BNPL market is growing at a rapid rate amid the current macroeconomic environment. With traditional lending becoming increasingly challenging for many businesses, BNPL has emerged as a viable alternative for managing cash flow and expenses. One of the main challenges that businesses face when seeking traditional bank loans is the stringent lending requirements. Banks typically require businesses to have a strong credit history and significant collateral to secure the loan. This can be particularly difficult for small businesses and startups that may not have an established credit history or significant assets. In addition to the stringent lending requirements, conventional bank loans have also become expensive amid the current macroeconomic environment. With central banks hiking the interest rates globally, traditional lending is projected to become even more expensive from the short to medium-term perspective. With high interest rates and fees, businesses are finding ...

  The B2B payments industry has been growing rapidly over the last few years, and the trend is projected to further continue from the medium-term perspective. This has resulted in growing competition in the space, with many new firms entering the market with their innovative business models. In Europe, for instance, buy now pay later providers are turning their focus to the B2B segment. Over the last 12 months, the B2B BNPL scheme has gained popularity not only among businesses, but venture capitalists are also foreseeing strong growth opportunities in the sector. Going forward, the B2B BNPL market is expected to gain momentum in other regions as well, threatening the growth of traditional payment models. One of the major reasons that the BNPL scheme is making quick rounds in the B2B sector is its ability to offer convenience and flexibility at a time when businesses are facing macroeconomic pressures. Rising inflation and a potential recession are expected to further aid the ...

The buy now pay later segment has been growing at a rapid rate across India. Consumers from Tier I, II, and III cities have flocked increasingly toward BNPL schemes to fund their purchases at a time when access to traditional credit is becoming expensive. This has resulted in high a high-growth environment for BNPL providers in India. According to PayNXT360, BNPL payments in the country are expected to grow by 22.9% on an annual basis to reach US$14,289.4 million in 2023. Medium to long-term growth story of the BNPL industry in India remains strong. BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 12.2% during 2023-2028. The BNPL Gross Merchandise Value in the country will increase from US$11,628.8 million in 2022 to reach US$25,387.2 million by 2028. Amid the growing adoption of the flexible payment method, which is expected to further rise in H2 2023, non-BNPL-focused fintech firms are also mulling to create their presence in the segmen...