The Buy Now Pay Later (BNPL) market in Spain is on an impressive growth trajectory, projected to reach approximately USD 8.91 billion by 2025, representing an annual growth rate of 11.6%. The market has already experienced a compound annual growth rate (CAGR) of 19.5% from 2021 to 2024, and it is expected to continue this upward trend with a forecasted CAGR of 8.4% from 2025 to 2030, potentially expanding to around USD 13.34 billion by the end of that period. This growth is driven by the increasing popularity of e-commerce, as more consumers prefer flexible payment options over traditional credit solutions. Strategic partnerships, such as CaixaBank's collaboration with Apple Pay, are enhancing BNPL adoption, while regulatory changes from the EU's Second Consumer Credit Directive are set to reshape the operational landscape for providers. As competition intensifies, innovation and strategic alliances will be crucial for BNPL providers aiming to capture a larger market share.
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