today only for only 7 you can get 2 winning options trade alerts every month click here to see trade ideas riskfree with a 14 day refund guarantee the philippines buy now pay later business and investment opportunities  75 kpis on buy now pay later trends by enduse sectors operational kpis market share retail product dynamics and consumer demographics  q1 2022 update report has been added to researchandmarketscoms offering according to the q4 2021 bnpl survey bnpl payment in the philippines is expected to grow by 1097 on annual basis to reach us 8035 million in 2022 medium to long term growth story of bnpl industry in the philippines remains strong the bnpl payment adoption is expected to grow steadily over the forecast period recording a cagr of 509 during 20222028 the bnpl gross merchandise value in the country will increase from us 3831 million in 2021 to reach us 94768 million by 2028 the coronavirus pandemic has accelerated the shift towards online shopping among consumers in the philippines notably this boom in the filipino ecommerce industry has also resulted in the widespread adoption of digital payment methods such as buy now pay later bnpl payment solutions in the country in the philippines consumers are increasingly looking for flexible and convenient payment solutions which allow them to manage their finances effectively the growing popularity of the deferred payment industry is expected to attract global bnpl players to launch their services in the philippines from the short to mediumterm perspective this will subsequently lead to more strategic partnerships investments and mergers and acquisition deals in the bnpl industry bnpl firms are raising funds to focus on regional expansion and new product developments in the midst of the growing demand for bnpl products in the southeast asia region firms are raising fresh capital to accelerate their growth and fund regional expansion into other emerging markets   in november 2021 plentina the philippinesbased bnpl platform announced that the firm had raised us22 million led by new yorkbased venture capital firm tmv the november 2021 funding round brings the total amount raised by the firm to us57 million plentina is planning to use the newly infused capital to accelerate its growth across the country while also exploring other emerging markets in the southeast asian region such as vietnam   along with the regional expansion the firm is also planning to use the funding round to offer new products to its customers in the country in 2021 the firm witnessed significant growth wherein the app downloads have surged by 500 during the year in 2022 the firm is also planning to launch its bnpl mobile app for ios users which will further boost the adoption of its bnpl product in the country the publisher expects more such bnpl firms to raise funds over the next four to eight quarters to further accelerate their growth in the southeast asian region bnpl firms are expanding product offering across the philippines to expand market share as the bnpl trend continues to expand across the country bnpl firms are also expanding their product offering across the philippines to garner more market share in the country   in november 2021 cashalo the philippinesbased bnpl firm announced that the firm is expanding its product availability for consumers in the visayas the online lending platform initially started by offering the product to consumers in cebu however as the boom in consumer spending continues the firm is now planning to expand its product offering in other parts of the country   as of november 2021 the firm has already entered into strategic partnerships with retailers in cebu some of its partners include robinsons department storefuente cebu robinsons department storegalleria cebu gear upjakosalem cebu and sm department storeseaside city cebu among others the publisher expects the firm to also enter into strategic partnerships with retailers in the visayas over the next few quarters global bnpl platforms are expanding their services in the philippines in the philippines there is a strong demand by retail brands to offer their customers a flexible bnpl payment method consequently global brands are entering in the philippines to serve the growing demand by both offline and online retailers   in october 2021 atome one of the largest bnpl providers across asia announced that the firm is entering the philippines the firm has entered into a strategic partnership with more than 100 retailers both online and offline across the country notably its network of retailers is spread across several product categories including beauty fashion lifestyle and home and living   atome also claimed that it had received strong demand from retail brands to partner with its bnpl product offering in the initial soft launch phase in line with its product offering in other asian markets atome does not charge interest additional fees and service fees to its users as part of its soft launch the firm is also offering a voucher of php200 to consumers who download the bnpl app offered by atome the publisher expects the entry of atome in the philippines bnpl market to further promote innovation and competition over the next four to eight quarters   buy now pay later share by revenue segments   buy now pay later pay now  other income 2019  2028 philippines buy now pay later market share analysis by key players philippines buy now pay later spend analysis by channel market size and forecast philippines buy now pay later in retail shopping market size and forecast philippines buy now pay later in home improvement market size and forecast philippines buy now pay later in leisure  entertainment market size and forecast philippines buy now pay later in healthcare and wellness market size and forecast philippines buy now pay later in other market size and forecast philippines buy now pay later analysis by consumer attitude and behaviour   buy now pay later sales uplift by product category   buy now pay later spend share by age group   buy now pay later gross merchandise share by income   buy now pay later gross merchandise value share by gender   buy now pay later adoption rationale gross merchandise value analysis for more information about this report visit httpswwwresearchandmarketscomrr9j8g2