In 2021, the Buy Now, Pay Later (BNPL) expenditure on e-commerce in the Philippines amounted to 0.1 billion U.S. dollars. This was forecast to reach 0.9 billion U.S. dollars in 2026. BNPL as a payment method has slowly gained popularity in the Philippines, with companies such as Klarna, GrabPayLater, and Shoppee SPayLater, among others, allowing Filipino online shoppers to pay for their items in a later period.
Buy Now, Pay Later (BNPL) spending on e-commerce in the Philippines in 2021 with a forecast for 2026
(in billion U.S. dollars)
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IDC. (October 31, 2022). Buy Now, Pay Later (BNPL) spending on e-commerce in the Philippines in 2021 with a forecast for 2026 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 03, 2024, from https://www.statista.com/statistics/1359899/philippines-bnpl-spending-on-e-commerce/
IDC. "Buy Now, Pay Later (BNPL) spending on e-commerce in the Philippines in 2021 with a forecast for 2026 (in billion U.S. dollars)." Chart. October 31, 2022. Statista. Accessed December 03, 2024. https://www.statista.com/statistics/1359899/philippines-bnpl-spending-on-e-commerce/
IDC. (2022). Buy Now, Pay Later (BNPL) spending on e-commerce in the Philippines in 2021 with a forecast for 2026 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 03, 2024. https://www.statista.com/statistics/1359899/philippines-bnpl-spending-on-e-commerce/
IDC. "Buy Now, Pay Later (Bnpl) Spending on E-commerce in The Philippines in 2021 with a Forecast for 2026 (in Billion U.S. Dollars)." Statista, Statista Inc., 31 Oct 2022, https://www.statista.com/statistics/1359899/philippines-bnpl-spending-on-e-commerce/
IDC, Buy Now, Pay Later (BNPL) spending on e-commerce in the Philippines in 2021 with a forecast for 2026 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1359899/philippines-bnpl-spending-on-e-commerce/ (last visited December 03, 2024)
Buy Now, Pay Later (BNPL) spending on e-commerce in the Philippines in 2021 with a forecast for 2026 (in billion U.S. dollars) [Graph], IDC, October 31, 2022. [Online]. Available: https://www.statista.com/statistics/1359899/philippines-bnpl-spending-on-e-commerce/
