Annual buy now, pay later (BNPL) spending in Canada in 2023, with a 2029 forecast

Published by
Raynor de Best,
Mar 26, 2024

Market modeling estimates that BNPL transactions in Canada would be about 15 percent higher in 2024 than in 2023. This is according to a market model released in the first quarter of 2024. Note that the source does not give further indications of what the figures provided here are based on. As buy now, pay later was unregulated in many countries across the world by early 2023, transaction figures on this payment method were scarce unless a domestic financial supervisor managed to request data from individual BNPL providers.

Estimated transaction value of buy now, pay later (BNPL) in Canada in 2023, with forecasts for 2024 and 2029 (in million U.S. dollars)

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Source

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Release date

March 2024

Region

Canada

Survey time period

Q1 2024

Special properties

Figures for Canada equal a CAGR of 9.7 percent between 2024 and 2029

Supplementary notes

The source placed Mexico within "Latin America" and excluded it from "North America". The source did not provide a regional figure for North America.

The source does not provide information on the original wording used or of its methodology. Thus, the wording chosen for this statistic may differ slightly.

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Statistics on " Digital payment types in Canada "

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Market share

7

Penetration

8

Biggest brands

6

Users

5

Transaction value

6

Number of transactions (per user)

6

Miscellaneous

6

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Topics

Digital payments landscape in CanadaMobile payments with digital walletsE-commerce in the United StatesE-commerce in MexicoCrypto payments
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