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 BNPL transaction value in North America
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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Statista. (March 12, 2024). Estimated transaction value of buy now, pay later (BNPL) in Canada in 2023, with forecasts for 2024 and 2029 (in million U.S. dollars) [Graph]. In Statista. Retrieved December 03, 2024, from https://www.statista.com/statistics/1379475/bnpl-transaction-value-in-canada/
Statista. "Estimated transaction value of buy now, pay later (BNPL) in Canada in 2023, with forecasts for 2024 and 2029 (in million U.S. dollars)." Chart. March 12, 2024. Statista. Accessed December 03, 2024. https://www.statista.com/statistics/1379475/bnpl-transaction-value-in-canada/
Statista. (2024). Estimated transaction value of buy now, pay later (BNPL) in Canada in 2023, with forecasts for 2024 and 2029 (in million U.S. dollars). Statista. Statista Inc.. Accessed: December 03, 2024. https://www.statista.com/statistics/1379475/bnpl-transaction-value-in-canada/
Statista. "Estimated Transaction Value of Buy Now, Pay Later (Bnpl) in Canada in 2023, with Forecasts for 2024 and 2029 (in Million U.S. Dollars)." Statista, Statista Inc., 12 Mar 2024, https://www.statista.com/statistics/1379475/bnpl-transaction-value-in-canada/
Statista, Estimated transaction value of buy now, pay later (BNPL) in Canada in 2023, with forecasts for 2024 and 2029 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1379475/bnpl-transaction-value-in-canada/ (last visited December 03, 2024)
Estimated transaction value of buy now, pay later (BNPL) in Canada 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/1379475/bnpl-transaction-value-in-canada/
