Global buy now, pay later (BNPL) transactions are predicted to increase by nearly 450 billion USD between 2021 and 2026. This would mean a further acceleration of what was seen between 2019 and 2021 - when the alternative payment method increased by almost 400 percent. Regardless, BNPL reached a global market share of around three percent in 2021 - with eight out of 10 top global buy now, pay later markets worldwide being located in northwestern Europe. The market share of BNPL services in domestic e-commerce payments in both Sweden and Germany, for instance, was around ten times higher than the market share in global e-commerce payments.
It is uncertain whether the initial success of buy now, pay later will hold. In May 2022 – shortly after the figures provided here were released – Klarna announced it would cut roughly 10 percent of its global staff. CEO and co-founder Sebastian Siemiatkowski cited an expected decline in consumer spending, caused by the war in Ukraine and growing inflation worldwide since. Regardless, some experts still fear that having the option to do payments might be too enticing for low-income households – especially in a time of uncertainty when it comes to personal finance.
Global transaction value of buy now, pay later (BNPL) in e-commerce from 2019 to 2021, with forecasts from 2022 to 2028
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Transaction volume in billion U.S. dollars
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* The figures for 2023 and 2026 were updated in July 2024. All other figures were from the source's previous iteration, in 2022
Supplementary notes
The source explicitly states that the numbers cover "online" BNPL - and therefore only apply to e-commerce payments.
The source does not provide any information regarding methodology, or data for individual countries. The source mentions this graphic is part of a report that included the following key players: "Affirm, Amazon, American Express, Amount, Ant Group, Apple, Barclays, Block, Citibank, CreditLadder, Experian, Equifax, Goldman Sachs, Klarna, JPMorgan Chase, Mastercard, Monzo, NovaCredit, PayPal, Paytm, Revolut, Santander, Sezzle, TransUnion, Zilch, Zip"
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GlobalData. (July 31, 2024). Global transaction value of buy now, pay later (BNPL) in e-commerce from 2019 to 2021, with forecasts from 2022 to 2028 (in billion U.S. dollars) [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/1311122/global-bnpl-market-value-forecast/
GlobalData. "Global transaction value of buy now, pay later (BNPL) in e-commerce from 2019 to 2021, with forecasts from 2022 to 2028 (in billion U.S. dollars)." Chart. July 31, 2024. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/1311122/global-bnpl-market-value-forecast/
GlobalData. (2024). Global transaction value of buy now, pay later (BNPL) in e-commerce from 2019 to 2021, with forecasts from 2022 to 2028 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/1311122/global-bnpl-market-value-forecast/
GlobalData. "Global Transaction Value of Buy Now, Pay Later (Bnpl) in E-commerce from 2019 to 2021, with Forecasts from 2022 to 2028 (in Billion U.S. Dollars)." Statista, Statista Inc., 31 Jul 2024, https://www.statista.com/statistics/1311122/global-bnpl-market-value-forecast/
GlobalData, Global transaction value of buy now, pay later (BNPL) in e-commerce from 2019 to 2021, with forecasts from 2022 to 2028 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1311122/global-bnpl-market-value-forecast/ (last visited September 01, 2024)
Global transaction value of buy now, pay later (BNPL) in e-commerce from 2019 to 2021, with forecasts from 2022 to 2028 (in billion U.S. dollars) [Graph], GlobalData, July 31, 2024. [Online]. Available: https://www.statista.com/statistics/1311122/global-bnpl-market-value-forecast/