{"id":18724,"date":"2021-12-14T10:07:00","date_gmt":"2021-12-14T10:07:00","guid":{"rendered":"https:\/\/apptopia.com\/en\/insights\/buy-now-pay-later-apps-are-poised-for-their-biggest-holiday-season-yet\/"},"modified":"2021-12-14T10:07:00","modified_gmt":"2021-12-14T10:07:00","slug":"buy-now-pay-later-apps-are-poised-for-their-biggest-holiday-season-yet","status":"publish","type":"insight","link":"https:\/\/apptopia.com\/en\/insights\/buy-now-pay-later-apps-are-poised-for-their-biggest-holiday-season-yet\/","title":{"rendered":"Buy Now, Pay Later apps are poised for their biggest holiday season yet"},"content":{"rendered":"\n<p>The top five BNPL (buy now, pay later) app downloads hit 6.8M downloads this past November, a 54% increase over last November, while MAUs have grown 63% YoY. The top five apps are&nbsp;<a href=\"https:\/\/apptopia.com\/unified\/app\/8080454514\/about\">Klarna<\/a>,&nbsp;<a href=\"https:\/\/apptopia.com\/unified\/app\/8137363354\/about\">Afterpay<\/a>,&nbsp;<a href=\"https:\/\/apptopia.com\/unified\/app\/8080317453\/about\">Affirm<\/a>,&nbsp;<a href=\"https:\/\/apptopia.com\/unified\/app\/8139127003\/about\">Zip<\/a>&nbsp;and&nbsp;<a href=\"https:\/\/apptopia.com\/unified\/app\/8180808475\/about\">Sezzle<\/a>. There are other smaller players too such as&nbsp;<a href=\"https:\/\/apptopia.com\/unified\/app\/8181478071\/about\">Spotii<\/a>&nbsp;and&nbsp;<a href=\"https:\/\/apptopia.com\/unified\/app\/8181473082\/about\">Four<\/a>.&nbsp;<\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-large apptopia__blog--img\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"826\" src=\"https:\/\/apptopia.com\/en\/wp-content\/uploads\/2023\/09\/buy-now-pay-later-apps-grow-downloads-1024x826.webp\" alt=\"buy now pay later apps grow downloads\" class=\"wp-image-782\" srcset=\"https:\/\/apptopia.com\/en\/wp-content\/uploads\/2023\/09\/buy-now-pay-later-apps-grow-downloads-1024x826.webp 1024w, https:\/\/apptopia.com\/en\/wp-content\/uploads\/2023\/09\/buy-now-pay-later-apps-grow-downloads-300x242.webp 300w, https:\/\/apptopia.com\/en\/wp-content\/uploads\/2023\/09\/buy-now-pay-later-apps-grow-downloads-768x619.webp 768w, https:\/\/apptopia.com\/en\/wp-content\/uploads\/2023\/09\/buy-now-pay-later-apps-grow-downloads.webp 1400w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div style=\"height:60px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Klarna is clearly the largest player in the space, with its market share of new users holding steady. Earlier this year,&nbsp;<a href=\"https:\/\/anchor.fm\/somewhat-mobile\/episodes\/What-marketers-get-wrong-about-branding---Lessons-from-Klarnas-CMO-eqhv2b\">we interviewed Klarna\u2019s CMO<\/a>&nbsp;(David Sandstrom) after the company ran a commercial during the Super Bowl. Sandstrom made it known that Klarna had \u2018super app\u2019 ambitions. Today, the app is not just used as a means of paying for big ticket items via installments. It\u2019s also used to shop affiliate brands and get discounts, as well as tracking shipments. It\u2019s not too far off from Shopify\u2019s&nbsp;<a href=\"https:\/\/apptopia.com\/apps\/unified\/8180808597\/performance\">Shop<\/a>&nbsp;app which originally started as a package tracker.<\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-large apptopia__blog--img\"><img decoding=\"async\" width=\"1024\" height=\"839\" src=\"https:\/\/apptopia.com\/en\/wp-content\/uploads\/2023\/09\/buy-now-pay-later-app-downloads-market-share-1024x839.webp\" alt=\"buy now pay later app downloads market share\" class=\"wp-image-783\" srcset=\"https:\/\/apptopia.com\/en\/wp-content\/uploads\/2023\/09\/buy-now-pay-later-app-downloads-market-share-1024x839.webp 1024w, https:\/\/apptopia.com\/en\/wp-content\/uploads\/2023\/09\/buy-now-pay-later-app-downloads-market-share-300x246.webp 300w, https:\/\/apptopia.com\/en\/wp-content\/uploads\/2023\/09\/buy-now-pay-later-app-downloads-market-share-768x629.webp 768w, https:\/\/apptopia.com\/en\/wp-content\/uploads\/2023\/09\/buy-now-pay-later-app-downloads-market-share.webp 1400w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div style=\"height:60px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Afterpay and Klarna together average a 75.75% share of global downloads for the market. However, it is Affirm that is expected to grow the most in the fourth quarter from the previous year, at 133.5%. The only app that is not expected to have YoY downloads growth in the fourth quarter is Zip (previously known as Quadpay).<\/p>\n\n\n\n<p>Another thing going in the market leader&#8217;s favor is its increasing&nbsp;<a href=\"https:\/\/help.apptopia.com\/knowledge\/what-is-sentiment-analysis\">sentiment<\/a>&nbsp;from user reviews. Klarna used to have the lowest percentage of positive user reviews when compared to its peers.&nbsp; Its score has increased from 59% in Q4 2020 to 73% in Q3 2021.&nbsp;<a href=\"https:\/\/help.apptopia.com\/knowledge\/how-is-overall-sentiment-calculated\">Sentiment Analysis<\/a>&nbsp;score ranges from 0% &#8211; 100%, where 100% indicates the best positive sentiment score possible.<\/p>\n\n\n\n<p>In looking at intent, or why people are leaving reviews, we see that &#8220;Performance &amp; Bugs&#8221; was responsible for 32% of reviews left in Q4 2020. By Q3 2021, that percentage had dropped to 23%. Mobile apps are dynamic pieces of software that require constant love and attention (updating). The more teams invest into their apps, the more customers will love them. Make sure to stay up to date on the overall mobile retail market by downloading our latest free report with the button below.<\/p>\n\n\n\n<div class=\"wp-block-group has-background is-horizontal is-content-justification-space-between is-nowrap is-layout-flex wp-container-core-group-is-layout-5f0daa91 wp-block-group-is-layout-flex\" style=\"background-color:#f1f6ff;padding-top:var(--wp--preset--spacing--50);padding-right:var(--wp--preset--spacing--50);padding-bottom:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--50)\">\n<p class=\"has-text-align-left has-text-color\" style=\"color:#3f89ff;font-size:20px\">Add to cart:<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-left is-layout-flex wp-container-core-buttons-is-layout-fdcfc74e wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-ast-global-color-5-color has-text-color has-background has-border-color wp-element-button\" href=\"https:\/\/blog.apptopia.com\/cs\/c\/?cta_guid=eebf8c0a-97eb-4b85-80d5-2a115bb74bed&amp;signature=AAH58kHI6zwLE-DSnvnEbbRzeC4a-KzHdA&amp;pageId=61826693154&amp;placement_guid=fe543e38-86a6-4a96-adb9-ec23de7f92d6&amp;click=f8805fdf-a147-4b33-8332-088b9f1f7c0b&amp;hsutk=408d291b8749b1ba907eae97ceb5c47c&amp;canon=https%3A%2F%2Fblog.apptopia.com%2Fbuy-now-pay-later-apps-are-poised-for-their-biggest-holiday-season-yet&amp;portal_id=2045506&amp;redirect_url=APefjpG3ftPxxbPeS0944ecd9TVZJvmvJrMDrNizKK-p9EJJPVbFMcdn2iAo-24lbYwryLcOarjbn1RSe8UZdj7jtkjhJ_mqKUIuSI6xj_FrMy3aspUrw4-gMc0_Sx5kFZwTNgkiv2R5L9BkyK8X8yFsqD1CnKeSjAFuv4jzNTiBQ0sZWbBw89ahTMO_8I-Tbti4E_nvChLFqw4_kq-2W2P6ObQjXmbsA9Eth-ZTYJfu9qy3_MFUeRsRIO-w08qIEzxvQGFKslY29G_gMxkM3YRd_PrRbaFRXx6i-f5Pw1dyUViwqB51_ec&amp;__hstc=93377474.408d291b8749b1ba907eae97ceb5c47c.1694102034501.1696433274086.1696493334896.26&amp;__hssc=93377474.21.1696493334896&amp;__hsfp=3236417962&amp;contentType=site-page\" style=\"border-color:#3f89ff;border-width:1px;border-radius:5px;background-color:#3f89ff\">Retail Report<\/a><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The top five BNPL (buy now, pay later) app downloads hit 6.8M downloads this past November, a 54% increase over last November, while MAUs have grown 63% YoY. The top five apps are&nbsp;Klarna,&nbsp;Afterpay,&nbsp;Affirm,&nbsp;Zip&nbsp;and&nbsp;Sezzle. There are other smaller players too such as&nbsp;Spotii&nbsp;and&nbsp;Four.&nbsp; Klarna is clearly the largest player in the space, with its market share of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1070,"comment_status":"open","ping_status":"open","template":"","insight_category":[86],"insight_tag":[],"class_list":["post-18724","insight","type-insight","status-publish","has-post-thumbnail","hentry","insight_category-fintech"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Buy Now, Pay Later apps are poised for their biggest holiday season yet - Apptopia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/apptopia.com\/en\/insights\/buy-now-pay-later-apps-are-poised-for-their-biggest-holiday-season-yet\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buy Now, Pay Later apps are poised for their biggest holiday season yet - Apptopia\" \/>\n<meta property=\"og:description\" content=\"The top five BNPL (buy now, pay later) app downloads hit 6.8M downloads this past November, a 54% increase over last November, while MAUs have grown 63% YoY. The top five apps are&nbsp;Klarna,&nbsp;Afterpay,&nbsp;Affirm,&nbsp;Zip&nbsp;and&nbsp;Sezzle. There are other smaller players too such as&nbsp;Spotii&nbsp;and&nbsp;Four.&nbsp; Klarna is clearly the largest player in the space, with its market share of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/apptopia.com\/en\/insights\/buy-now-pay-later-apps-are-poised-for-their-biggest-holiday-season-yet\/\" \/>\n<meta property=\"og:site_name\" content=\"Apptopia\" \/>\n<meta property=\"og:image\" content=\"https:\/\/apptopia.com\/en\/wp-content\/uploads\/2023\/09\/buy-now-pay-later-apps-grow-downloads.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1400\" \/>\n\t<meta property=\"og:image:height\" content=\"1129\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/apptopia.com\/en\/insights\/buy-now-pay-later-apps-are-poised-for-their-biggest-holiday-season-yet\/\",\"url\":\"https:\/\/apptopia.com\/en\/insights\/buy-now-pay-later-apps-are-poised-for-their-biggest-holiday-season-yet\/\",\"name\":\"Buy Now, Pay Later apps are poised for their biggest holiday season yet - 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