According to PayNXT360, B2B BNPL payments in the country are expected to grow by 39.5% on an annual basis to reach US$6,742.0 million in 2024. The medium to long-term growth story of the B2B BNPL ind...
According to PayNXT360, B2B BNPL payments in the country are expected to grow by 39.5% on an annual basis to reach US$6,742.0 million in 2024. The medium to long-term growth story of the B2B BNPL industry in the country remains strong. B2B BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 30.2% during 2024-2029. The gross merchandise value in the country will increase from US$4,834.5 million in 2023 to US$25,187.0 million by 2029. The rising inflation and interest rate environment resulted in a perfect growth environment for the B2B BNPL market in Australia over the last few years. However, the same macroeconomic factors have also resulted in the downfall of firms in the sectors. The trend is projected to continue in 2024, as investors are not willing to offer easy investments to fintech firms in Australia. This is projected to dampen the growth rate of the market over the medium term. The growing presence of alternative lenders will also impact the growth of the B2B BNPL industry in Australia in 2024. The rising demand for working capital in the SME sector, however, is projected to aid the growth recovery over the next three to four years in the Australian B2B BNPL industry. Investment squeeze forces BizPay to enter into administration in the Australian B2B BNPL market Although the demand for B2B BNPL services remains strong in the Australian market, funding is not easy to come by due to rising interest rate and inflationary environment. The squeeze in investment is leading to the downfall of firms in the sector. • BizPay, the B2B BNPL firm in the Australian market, was placed in voluntary administration in November 2023. This comes after the firm failed to raise fresh investment from investors. Administrators are now looking at opportunities to restructure or sell the business. • Founded in 2019, BizPay offered cash flow to small and medium-sized businesses in Australia. In early 2022, the firm had 1,000 customers and the firm is projected to grow at a significant rate throughout the year. However, amid the worsening economic environment, the firm had to cut down its staff. The investment squeeze is projected to continue further over the short term in the B2B BNPL market. Consequently, PayNXT360 expects the worsening economic environment to further impact the growth of the sector from the short to medium-term perspective in Australia. Alternative lending market to impact the growth rate of the B2B BNPL industry in Australia in 2024 As the demand for working capital continues to grow in the Australian market, new players are entering into the SME financing sector. Over the last two years, several firms have entered, driving the competitive landscape in the market. This, in turn, is impacting business and growth opportunities for B2B BNPL firms. • Grapple, which offers working capital to small and medium-sized businesses in Australia, entered the sector in 2018. The firm, in January 2023, also secured US$35 million in funding to scale its business and accelerate its growth trajectory. Since its launch, the firm claims to have processed over 100,000 invoices, leading to January 2023. Grapple suggests that small and medium-sized businesses (SMEs) in Australia are facing a financial gap of around $200 billion. They explain that their lending technology platform offers a flexible line of credit that businesses can use whenever they need it. With the uptick in demand for working capital, PayNXT360 expects more businesses to enter into the SME lending market over the medium term. This will further drive the competitive landscape in the sector, impacting the growth of the B2B BNPL industry in Australia from the short to medium-term perspective. The B2B BNPL payment industry in Australia has recorded strong growth over the last four quarters, supported by increased B2B payments penetration. This report provides a detailed data-centric analysis of the B2B Buy Now Pay Later (BNPL) industry, covering market opportunities and risks across a range of retail categories. With over 50+ KPI's at the country level, this report provides a comprehensive understanding of BNPL market dynamics, market size and forecast, and market share statistics. KPIs in both value and volume terms help in getting an in-depth understanding of end market dynamics. PayNXT360’s research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view of emerging business and investment market opportunities.
This report provides in-depth data-centric analysis of B2B BNPL industry in Australia through 31 tables and 36 charts. Below is a summary of key market segments: B2B Payments Market Size and Forecast • Global B2B Payments • Australia B2B Payments Australia B2B BNPL Market Size and Forecast, 2020-2029 • Gross Merchandise Value Trend Analysis • Avg. Value Per Transaction Value Trend Analysis • Transaction Volume Value Trend Analysis Australia B2B BNPL in Retail: Market Size and Forecast • Gross Merchandise Value Trend Analysis • Avg. Value Per Transaction Value Trend Analysis • Transaction Volume Value Trend Analysis Australia B2B BNPL in Manufacturing: Market Size and Forecast • Gross Merchandise Value Trend Analysis • Avg. Value Per Transaction Value Trend Analysis • Transaction Volume Value Trend Analysis Australia B2B BNPL in Transport and Logistics: Market Size and Forecast • Gross Merchandise Value Trend Analysis • Avg. Value Per Transaction Value Trend Analysis • Transaction Volume Value Trend Analysis Australia B2B BNPL in Professional Services: Market Size and Forecast • Gross Merchandise Value Trend Analysis • Avg. Value Per Transaction Value Trend Analysis • Transaction Volume Value Trend Analysis Australia B2B BNPL in Industrial Applications: Market Size and Forecast • Gross Merchandise Value Trend Analysis • Avg. Value Per Transaction Value Trend Analysis • Transaction Volume Value Trend Analysis Australia B2B BNPL in Health Care: Market Size and Forecast • Gross Merchandise Value Trend Analysis • Avg. Value Per Transaction Value Trend Analysis • Transaction Volume Value Trend Analysis Australia B2B BNPL in Other: Market Size and Forecast • Gross Merchandise Value Trend Analysis • Avg. Value Per Transaction Value Trend Analysis • Transaction Volume Value Trend Analysis Australia B2B BNPL Analysis by Channel, 2020-2029 • Online Channel • POS Channel Australia B2B BNPL by Size of Company, 2020-2029 • Small • Medium • Large
• Gain a thorough understanding of the B2B BNPL market dynamics: Market opportunities, significant trends, and forecasting (2020–2029) are listed. To stay ahead of the curve, comprehend market trends using important KPIs like gross merchandise value, average value per transaction, transaction volume. • Insights by Industry: Evaluate new opportunities across multiple industries, and obtain market dynamics by industry in order to swiftly catch up with the latest and upcoming developments in B2B BNPL markets. • Market-specific strategies: With our unique blend of quantitative forecasting and cutting-edge insights, we can identify growth sectors that are focused on particular opportunities and analyse market-specific risks as well as significant trends in the B2B BNPL industry. • Through industry intelligence, forward-looking research of B2B BNPL market spend, and key opportunities in Australia, develop proactive and profitable plans for market entry.
Australia
1 About this Report 1.1 Summary 1.2 Methodology 1.3 B2B BNPL Definitions 1.4 Disclaimer 2. B2B Payments Market Size and Forecast 2.1 Global B2B Payments Value, 2020-2029 2.2 B2B Payments Value, 2020-2029 3. B2B Buy Now Pay Later Industry Attractiveness 3.1 B2B Buy Now Pay Later – Gross Merchandise Value Trend Analysis, 2020-2029 3.2 B2B Buy Now Pay Later – Average Value Per Transaction Trend Analysis, 2020-2029 3.3 B2B Buy Now Pay Later – Transaction Volume Trend Analysis, 2020-2029 3.4 B2B Buy Now Pay Later Market Share Analysis by Key Players 4 B2B Buy Now Pay Later Snapshot by End-Use Sector, 2023 5. B2B Buy Now Pay Later in Retail: Market Size and Forecast, 2020-2029 5.1 B2B Buy Now Pay Later Retail – Gross Merchandise Value Trend Analysis, 2020-2029 5.2 B2B Buy Now Pay Later Retail – Average Value Per Transaction Trend Analysis, 2020-2029 5.3 B2B Buy Now Pay Later Retail – Transaction Volume Trend Analysis, 2020-2029 6. B2B Buy Now Pay Later in Manufacturing: Market Size and Forecast, 2020-2029 6.1 B2B Buy Now Pay Later Manufacturing – Gross Merchandise Value Trend Analysis, 2020-2029 6.2 B2B Buy Now Pay Later Manufacturing – Average Value Per Transaction Trend Analysis, 2020-2029 6.3 B2B Buy Now Pay Later Manufacturing – Transaction Volume Trend Analysis, 2020-2029 7. B2B Buy Now Pay Later in Transport and Logistics: Market Size and Forecast, 2020-2029 7.1 B2B Buy Now Pay Later Transport and Logistics – Gross Merchandise Value Trend Analysis, 2020-2029 7.2 B2B Buy Now Pay Later Transport and Logistics – Average Value Per Transaction Trend Analysis, 2020-2029 7.3 B2B Buy Now Pay Later Transport and Logistics – Transaction Volume Trend Analysis, 2020-2029 8. B2B Buy Now Pay Later in Professional Services: Market Size and Forecast, 2020-2029 8.1 B2B Buy Now Pay Later Professional Services – Gross Merchandise Value Trend Analysis, 2020-2029 8.2 B2B Buy Now Pay Later Professional Services – Average Value Per Transaction Trend Analysis, 2020-2029 8.3 B2B Buy Now Pay Later Professional Services – Transaction Volume Trend Analysis, 2020-2029 9. B2B Buy Now Pay Later in Industrial Applications: Market Size and Forecast, 2020-2029 9.1 B2B Buy Now Pay Later Industrial Applications – Gross Merchandise Value Trend Analysis, 2020-2029 9.2 B2B Buy Now Pay Later Industrial Applications – Average Value Per Transaction Trend Analysis, 2020-2029 9.3 B2B Buy Now Pay Later Industrial Applications – Transaction Volume Trend Analysis, 2020-2029 10. B2B Buy Now Pay Later in Health Care: Market Size and Forecast, 2020-2029 10.1 B2B Buy Now Pay Later Health Care – Gross Merchandise Value Trend Analysis, 2020-2029 10.2 B2B Buy Now Pay Later Health Care – Average Value Per Transaction Trend Analysis, 2020-2029 10.3 B2B Buy Now Pay Later Health Care – Transaction Volume Trend Analysis, 2020-2029 11. B2B Buy Now Pay Later in Other: Market Size and Forecast, 2020-2029 11.1 B2B Buy Now Pay Later Other – Gross Merchandise Value Trend Analysis, 2020-2029 11.2 B2B Buy Now Pay Later Other – Average Value Per Transaction Trend Analysis, 2020-2029 11.3 B2B Buy Now Pay Later Other – Transaction Volume Trend Analysis, 2020-2029 12. B2B Buy Now Pay Later Spend Analysis by Sales Channel 12.1 B2B Buy Now Pay Later Market Share by Sales Channel, 2020-2029 12.2 B2B Buy Now Pay Later Online Channel Market Size and Forecast, 2020-2029 12.3 B2B Buy Now Pay Later POS Channel Market Size and Forecast, 2020-2029 13. B2B Buy Now Pay Later Spend Analysis by Size of Company 13.1 B2B Buy Now Pay Later Market Share by Size of Company, 2020-2029 13.2 B2B Buy Now Pay Later by Company Size – Small – Gross Merchandise Value Trend Analysis, 2020-2029 13.3 B2B Buy Now Pay Later by Company Size – Medium – Gross Merchandise Value Trend Analysis, 2020-2029 13.4 B2B Buy Now Pay Later by Company Size – Large – Gross Merchandise Value Trend Analysis, 2020-2029 14 Further Reading 14.1 About PayNXT360 14.2 Related Research
Table 1: Global B2B Payments Value Trend Analysis (US$ Million), 2020-2029 Table 2: Australia B2B Payments Value Trend Analysis (US$ Million), 2020-2029 Table 3: Australia B2B Buy Now Pay Later – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 4: Australia B2B Buy Now Pay Later – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Table 5: Australia B2B Buy Now Pay Later – Transaction Volume Trend Analysis (Thousand), 2020-2029 Table 6: Australia B2B Buy Now Pay Later Retail – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 7: Australia B2B Buy Now Pay Later Retail – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Table 8: Australia B2B Buy Now Pay Later Retail – Transaction Volume Trend Analysis (Thousand), 2020-2029 Table 9: Australia B2B Buy Now Pay Later Manufacturing – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 10: Australia B2B Buy Now Pay Later Manufacturing – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Table 11: Australia B2B Buy Now Pay Later Manufacturing – Transaction Volume Trend Analysis (Thousand), 2020-2029 Table 12: Australia B2B Buy Now Pay Later Transport and Logistics – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 13: Australia B2B Buy Now Pay Later Transport and Logistics – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Table 14: Australia B2B Buy Now Pay Later Transport and Logistics – Transaction Volume Trend Analysis (Thousand), 2020-2029 Table 15: Australia B2B Buy Now Pay Later Professional Services – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 16: Australia B2B Buy Now Pay Later Professional Services – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Table 17: Australia B2B Buy Now Pay Later Professional Services – Transaction Volume Trend Analysis (Thousand), 2020-2029 Table 18: Australia B2B Buy Now Pay Later Industrial Applications – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 19: Australia B2B Buy Now Pay Later Industrial Applications – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Table 20: Australia B2B Buy Now Pay Later Industrial Applications – Transaction Volume Trend Analysis (Thousand), 2020-2029 Table 21: Australia B2B Buy Now Pay Later Health Care – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 22: Australia B2B Buy Now Pay Later Health Care – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Table 23: Australia B2B Buy Now Pay Later Health Care – Transaction Volume Trend Analysis (Thousand), 2020-2029 Table 24: Australia B2B Buy Now Pay Later Others – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 25: Australia B2B Buy Now Pay Later Others – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Table 26: Australia B2B Buy Now Pay Later Others – Transaction Volume Trend Analysis (Thousand), 2020-2029 Table 27: Australia B2B Buy Now Pay Later – Gross Merchandise Value by Online Channel (US$ Million), 2020-2029 Table 28: Australia B2B Buy Now Pay Later – Gross Merchandise Value by POS Channel (US$ Million), 2020-2029 Table 29: Australia B2B Buy Now Pay Later by Company Size – Small – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 30: Australia B2B Buy Now Pay Later by Company Size – Medium – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 31: Australia B2B Buy Now Pay Later by Company Size – Large – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029
Figure 1: PayNXT360’s Methodology Framework Figure 2: Australia B2B Buy Now Pay Later – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 3: Global B2B Payments Value Trend Analysis (US$ Million), 2020-2029 Figure 4: Australia B2B Payments Value Trend Analysis (US$ Million), 2020-2029 Figure 5: Australia B2B Buy Now Pay Later – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Figure 6: Australia B2B Buy Now Pay Later – Transaction Volume Trend Analysis (Thousand), 2020-2029 Figure 7: Australia B2B Buy Now Pay Later - Market Share by End-Use Sector (%), 2023 Figure 8: Australia B2B Buy Now Pay Later Retail – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 9: Australia B2B Buy Now Pay Later Retail – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Figure 10: Australia B2B Buy Now Pay Later Retail – Transaction Volume Trend Analysis (Thousand), 2020-2029 Figure 11: Australia B2B Buy Now Pay Later Manufacturing – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 12: Australia B2B Buy Now Pay Later Manufacturing – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Figure 13: Australia B2B Buy Now Pay Later Manufacturing – Transaction Volume Trend Analysis (Thousand), 2020-2029 Figure 14: Australia B2B Buy Now Pay Later Transport and Logistics – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 15: Australia B2B Buy Now Pay Later Transport and Logistics – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Figure 16: Australia B2B Buy Now Pay Later Transport and Logistics – Transaction Volume Trend Analysis (Thousand), 2020-2029 Figure 17: Australia B2B Buy Now Pay Later Professional Services – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 18: Australia B2B Buy Now Pay Later Professional Services – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Figure 19: Australia B2B Buy Now Pay Later Professional Services – Transaction Volume Trend Analysis (Thousand), 2020-2029 Figure 20: Australia B2B Buy Now Pay Later Industrial Applications – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 21: Australia B2B Buy Now Pay Later Industrial Applications – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Figure 22: Australia B2B Buy Now Pay Later Industrial Applications – Transaction Volume Trend Analysis (Thousand), 2020-2029 Figure 23: Australia B2B Buy Now Pay Later Health Care – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 24: Australia B2B Buy Now Pay Later Health Care – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Figure 25: Australia B2B Buy Now Pay Later Health Care – Transaction Volume Trend Analysis (Thousand), 2020-2029 Figure 26: Australia B2B Buy Now Pay Later Others – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 27: Australia B2B Buy Now Pay Later Others – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Figure 28: Australia B2B Buy Now Pay Later Others – Transaction Volume Trend Analysis (Thousand), 2020-2029 Figure 29: Australia B2B Buy Now Pay Later – Gross Merchandise Value Market Share by Sales Channel (%), 2020-2029 Figure 30: Australia B2B Buy Now Pay Later – Gross Merchandise Value by Online Channel (US$ Million), 2020-2029 Figure 31: Australia B2B Buy Now Pay Later – Gross Merchandise Value by Online Channel (US$ Million), 2020-2029 Figure 32: Australia B2B Buy Now Pay Later Market Share by Size of Company Gross Merchandise Value (%), 2023 Figure 33: Australia B2B Buy Now Pay Later by Company Size – Small – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 34: Australia B2B Buy Now Pay Later by Company Size – Medium – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 35: Australia B2B Buy Now Pay Later by Company Size – Large – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029
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