New Zealand’s e-commerce market is projected to reach $12.4 billion by 2025, increasing 38 per cent as consumers prefer alternative payment methods, according to a report by FIS.
Buy now, pay later (BNPL) is the fastest-growing online payment method accounting for 10 per cent of e-commerce transaction value last year. The payment method is estimated to represent 17 per cent of New Zealand’s e-commerce transaction value by 2025, marking the highest share in Asia-Pacific.