Market modeling estimates that BNPL transactions in Germany would be nearly 14 percent higher in 2024 than in 2023. This is according to a market model released in the first quarter of 2024, which placed Germany as one of the main markets in Europe for buy now, pay later. The popularity of Klarna in Germany is a likely cause of this position, as the Swedish provider rolled out in Germany in early 2017. The downloads of the Klarna and PayPal apps in Germany far outweighed that of other known BNPL brands in 2022. 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 2024, 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 Germany in 2023, with forecasts for 2024 and 2029
(in million U.S. dollars)
Figures for Germany equal a CAGR of 9.3 percent between 2024 and 2029
Supplementary notes
The source researched the following 16 countries within Europe: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Italy, Netherlands, Norway, Poland, Spain, Sweden, Switzerland, United Kingdom.
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 Germany in 2023, with forecasts for 2024 and 2029 (in million U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1372677/bnpl-transaction-value-in-germany/
Statista. "Estimated transaction value of buy now, pay later (BNPL) in Germany in 2023, with forecasts for 2024 and 2029 (in million U.S. dollars)." Chart. March 12, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1372677/bnpl-transaction-value-in-germany/
Statista. (2024). Estimated transaction value of buy now, pay later (BNPL) in Germany in 2023, with forecasts for 2024 and 2029 (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1372677/bnpl-transaction-value-in-germany/
Statista. "Estimated Transaction Value of Buy Now, Pay Later (Bnpl) in Germany in 2023, with Forecasts for 2024 and 2029 (in Million U.S. Dollars)." Statista, Statista Inc., 12 Mar 2024, https://www.statista.com/statistics/1372677/bnpl-transaction-value-in-germany/
Statista, Estimated transaction value of buy now, pay later (BNPL) in Germany in 2023, with forecasts for 2024 and 2029 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1372677/bnpl-transaction-value-in-germany/ (last visited November 21, 2024)
Estimated transaction value of buy now, pay later (BNPL) in Germany 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/1372677/bnpl-transaction-value-in-germany/
