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Growing BNPL Business Opportunities
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Buy Now Pay Later (BNPL) business opportunities in the Netherlands, Germany, France, Sweden, and the UK are projected to experience significant growth. The Netherlands expects a 21% annual growth in BNPL payments, reaching US$9.6 billion in 2023. Germany's BNPL market is forecasted to increase by 30% annually, with B2B BNPL providers securing significant funding. France is expected to witness a 17.8% annual growth in BNPL payments, while Sweden's market is forecasted to grow by 17.6% annually. The UK's BNPL market is projected to grow by 17.8% annually, with a focus on increasing consumer adoption and brand loyalty.
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How might the growth of BNPL markets in Europe influence the global BNPL industry?
How might the projected growth of BNPL businesses impact traditional banking and financial institutions?
What are the potential risks associated with the increasing adoption of BNPL schemes among consumers?
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