Buy now, pay later size in Canada 2029

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)

Characteristic	BNPL transaction value in million U.S. dollars	Share against overall transaction value in North America
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Release date

March 2024

More information

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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