According to a 2022 survey on consumer payment behavior, 66 percent of respondents in the Philippines indicated that an easy use of the app was the main reason for using buy-now-pay-later (BNPL) plans. Another 54 percent of respondents indicated that they chose BNPL plans because they can be used without having a credit card.
Reasons for choosing a buy-now-pay-later (BNPL) plan among consumers in the Philippines as of October 2022
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Visa Inc.. (July 17, 2023). Reasons for choosing a buy-now-pay-later (BNPL) plan among consumers in the Philippines as of October 2022 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1412748/philippines-reasons-for-buy-now-pay-later-plans-among-consumers/
Visa Inc.. "Reasons for choosing a buy-now-pay-later (BNPL) plan among consumers in the Philippines as of October 2022." Chart. July 17, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1412748/philippines-reasons-for-buy-now-pay-later-plans-among-consumers/
Visa Inc.. (2023). Reasons for choosing a buy-now-pay-later (BNPL) plan among consumers in the Philippines as of October 2022. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1412748/philippines-reasons-for-buy-now-pay-later-plans-among-consumers/
Visa Inc.. "Reasons for Choosing a Buy-now-pay-later (Bnpl) Plan among Consumers in The Philippines as of October 2022." Statista, Statista Inc., 17 Jul 2023, https://www.statista.com/statistics/1412748/philippines-reasons-for-buy-now-pay-later-plans-among-consumers/
Visa Inc., Reasons for choosing a buy-now-pay-later (BNPL) plan among consumers in the Philippines as of October 2022 Statista, https://www.statista.com/statistics/1412748/philippines-reasons-for-buy-now-pay-later-plans-among-consumers/ (last visited July 22, 2024)
Reasons for choosing a buy-now-pay-later (BNPL) plan among consumers in the Philippines as of October 2022 [Graph], Visa Inc., July 17, 2023. [Online]. Available: https://www.statista.com/statistics/1412748/philippines-reasons-for-buy-now-pay-later-plans-among-consumers/