Market modeling estimates that BNPL transactions in the United Kingdom 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, which placed the UK among the highest user markets in Europe for buy now, pay later. Klarna launched in the UK in late 2018, with Australia's Afterpay joing in 2019 alongside domestic alternatives such as Laybuy. Klarna downloads in the United Kingdom were not as high as those of PayPal in 2022, but the difference between the two apps was getting smaller. 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 in early 2024, 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 the United Kingdom (UK) in 2023, with forecasts for 2024 and 2029
(in million U.S. dollars)
Figures for the UK equal a CAGR of 9.6 percent between 2024 and 2029
Supplementary notes
The source researched the following 16 countries within Europe: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Italy, Netherlands, Norway, Poland, Spain, Sweden, Switzerland, United Kingdom.
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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Statista. (March 12, 2024). Estimated transaction value of buy now, pay later (BNPL) in the United Kingdom (UK) in 2023, with forecasts for 2024 and 2029 (in million U.S. dollars) [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/1372750/bnpl-transaction-value-in-uk/
Statista. "Estimated transaction value of buy now, pay later (BNPL) in the United Kingdom (UK) in 2023, with forecasts for 2024 and 2029 (in million U.S. dollars)." Chart. March 12, 2024. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/1372750/bnpl-transaction-value-in-uk/
Statista. (2024). Estimated transaction value of buy now, pay later (BNPL) in the United Kingdom (UK) in 2023, with forecasts for 2024 and 2029 (in million U.S. dollars). Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/1372750/bnpl-transaction-value-in-uk/
Statista. "Estimated Transaction Value of Buy Now, Pay Later (Bnpl) in The United Kingdom (Uk) in 2023, with Forecasts for 2024 and 2029 (in Million U.S. Dollars)." Statista, Statista Inc., 12 Mar 2024, https://www.statista.com/statistics/1372750/bnpl-transaction-value-in-uk/
Statista, Estimated transaction value of buy now, pay later (BNPL) in the United Kingdom (UK) in 2023, with forecasts for 2024 and 2029 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1372750/bnpl-transaction-value-in-uk/ (last visited October 31, 2024)
Estimated transaction value of buy now, pay later (BNPL) in the United Kingdom (UK) in 2023, with forecasts for 2024 and 2029 (in million U.S. dollars) [Graph], Statista, March 12, 2024. [Online]. Available: https://www.statista.com/statistics/1372750/bnpl-transaction-value-in-uk/
