United States consumers took three times more buy now, pay later (BNPL) loans in 2021 than they did in 2020. This according to a survey held in the U.S. among five different pure player BNPL lenders, of which the biggest lender accounted for 39 percent of overall transaction volume. The smallest lender accounted for six percent. The source admits this may mean that the numbers shown here might not cover the full Buy Now, Pay Later market. Nevertheless, the aggregated figures reveal a significant growth since 2019. Dollar originations, especially, have increased by more than 200 percent per year since 2019.
Transaction volume of buy now, pay later (BNPL) in different product segments and merchant verticals in the United States from 2019 to 2021
(in billion U.S. dollars)
Affirm, Afterpay, Klarna, PayPal, and Zip; Lenders that provide "pay-in-four" products, i.e. pure players only
Method of interview
Questionnaire
Supplementary notes
The source refers to the figure as "dollar originations", as well as GMV (Gross Merchandise Volume).
The source adds that the figures provided include the overall value of checkouts of each loan, including a 25 percent down payment. If an online purchase is worth 100 USD and is financed using BNPL, it would count as 100 USD in this statistic - even if 25 USD is paid at checkout and the remaining 75 USD comes from the following three installments.
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Consumer Financial Protection Bureau. (September 15, 2022). Transaction volume of buy now, pay later (BNPL) in different product segments and merchant verticals in the United States from 2019 to 2021 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1337433/bnpl-market-size-for-different-products-and-industries-usa/
Consumer Financial Protection Bureau. "Transaction volume of buy now, pay later (BNPL) in different product segments and merchant verticals in the United States from 2019 to 2021 (in billion U.S. dollars)." Chart. September 15, 2022. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1337433/bnpl-market-size-for-different-products-and-industries-usa/
Consumer Financial Protection Bureau. (2022). Transaction volume of buy now, pay later (BNPL) in different product segments and merchant verticals in the United States from 2019 to 2021 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1337433/bnpl-market-size-for-different-products-and-industries-usa/
Consumer Financial Protection Bureau. "Transaction Volume of Buy Now, Pay Later (Bnpl) in Different Product Segments and Merchant Verticals in The United States from 2019 to 2021 (in Billion U.S. Dollars)." Statista, Statista Inc., 15 Sep 2022, https://www.statista.com/statistics/1337433/bnpl-market-size-for-different-products-and-industries-usa/
Consumer Financial Protection Bureau, Transaction volume of buy now, pay later (BNPL) in different product segments and merchant verticals in the United States from 2019 to 2021 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1337433/bnpl-market-size-for-different-products-and-industries-usa/ (last visited November 21, 2024)
Transaction volume of buy now, pay later (BNPL) in different product segments and merchant verticals in the United States from 2019 to 2021 (in billion U.S. dollars) [Graph], Consumer Financial Protection Bureau, September 15, 2022. [Online]. Available: https://www.statista.com/statistics/1337433/bnpl-market-size-for-different-products-and-industries-usa/
