10 Mar 2021
Buy now and pay later all set to disrupt e-commerce payments in APAC, says GlobalData Posted in Banking Buy now and pay later (BNPL) has emerged as a viable credit option for e-commerce purchases in Asia-Pacific (APAC) as several payment companies are now offering this service, says GlobalData, a leading data and analytics company. An analysis of GlobalData s E-Commerce Analytics reveals that the APAC e-commerce market is set to grow at a compound annual growth rate of 17.6% from US$1.2 trillion in 2016 to US$3.6 trillion in 2023. Ravi Sharma, Lead Banking and Payments Analyst at GlobalData, comments: The COVID-19 pandemic has not only adversely affected businesses but also consumers disposable income. As a result, with rise in demand for consumer financing and growing e-commerce sales buy now and pay later service has emerged as a major short-term borrowing tool for consumers.
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COPENHAGEN (Reuters) - Jewellery maker Pandora on Tuesday posted organic sales growth of 12% in February despite around a quarter of its 2,700 stores worldwide being shut. Pandora is pleased with the performance so far in 2021, Pandora said in a trading statement, adding that sell-out growth in the United States continued to be very strong.
Sales in shops or online to customers in February grew 7% year on year, it said.
Year to date, organic growth stood at 4% with while actual sales to customers grew 1%, Pandora said. It kept its financial guidance unchanged.
The number of stores shut fell to 25% from 30% at the beginning of February, it said.