Regulation appears to be the big motif of the moment. Buy Now Pay Later is seeing so much financial success that it might be evading regulation, whereas ChatGPT is being held under scrutiny no matter how successful it is.
We’re also seeing high-highs for Amazon, contrasted with lows for Google, as one marketplace soars and the other crashes and burns.
Big wins for Buy Now Pay Later in US and UK
The BNPL space continues to grow and thrive across both sides of the pond. Last year, the global market size was valued at US $214 billion. According to MarketWatch, the BNPL market size will be valued at US $309.2 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 25.5% from 2022-2026. Statista forecasts that this figure will reach US $565.8 billion by 2026.
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