Market modeling estimates that BNPL transactions in Colombia would be about 39 percent higher in 2024 than in 2023. This is according to a market model released in the first quarter of 2024, which placed Colombia firmly behind Brazil and Mexico when it comes to buy now, pay later in Latin America. This despite the presence of Colombian BNPL provider Addi - listed by many as one of Latin America's most important fintech companies. 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 Colombia 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 Latin America
Figures for Colombia equal a CAGR of 39.6 percent between 2024 and 2029
Supplementary notes
The source researched the following 5 countries within Latin America: Argentina, Brazil, Chile, Colombia, Mexico. The source placed Mexico within both "North America" as well as "Latin 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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Statista. (March 12, 2024). Estimated transaction value of buy now, pay later (BNPL) in Colombia in 2023, with forecasts for 2024 and 2029 (in million U.S. dollars) [Graph]. In Statista. Retrieved October 12, 2024, from https://www.statista.com/statistics/1456107/bnpl-transaction-value-in-mexico/
Statista. "Estimated transaction value of buy now, pay later (BNPL) in Colombia in 2023, with forecasts for 2024 and 2029 (in million U.S. dollars)." Chart. March 12, 2024. Statista. Accessed October 12, 2024. https://www.statista.com/statistics/1456107/bnpl-transaction-value-in-mexico/
Statista. (2024). Estimated transaction value of buy now, pay later (BNPL) in Colombia in 2023, with forecasts for 2024 and 2029 (in million U.S. dollars). Statista. Statista Inc.. Accessed: October 12, 2024. https://www.statista.com/statistics/1456107/bnpl-transaction-value-in-mexico/
Statista. "Estimated Transaction Value of Buy Now, Pay Later (Bnpl) in Colombia in 2023, with Forecasts for 2024 and 2029 (in Million U.S. Dollars)." Statista, Statista Inc., 12 Mar 2024, https://www.statista.com/statistics/1456107/bnpl-transaction-value-in-mexico/
Statista, Estimated transaction value of buy now, pay later (BNPL) in Colombia in 2023, with forecasts for 2024 and 2029 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1456107/bnpl-transaction-value-in-mexico/ (last visited October 12, 2024)
Estimated transaction value of buy now, pay later (BNPL) in Colombia 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/1456107/bnpl-transaction-value-in-mexico/