Reasons for choosing a buy-now-pay-later plan among consumers the Philippines 2022

Published by
Christy Balita,
Aug 21, 2024
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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Release date

July 2023

Region

Philippines

Survey time period

September to October 2022

Number of respondents

6,550 respondents

Age group

18-65 years

Special properties

among consumers in Singapore, Malaysia, Thailand, Indonesia, the Philippines, Vietnam, and Cambodia

Supplementary notes

The survey was conducted among 6,550 consumers in Southeast Asia, including the Philippines.

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Statistics on " BNPL (Buy Now, Pay Later) "

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Other statistics that may interest you BNPL (Buy Now, Pay Later)

Market share

4

User number

6

User demographics

7

Brands (pure play)

8

Transaction value

6

Product verticals

7

Debt and delinquency

5

Forecasts

6

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Topics

BNPL (buy now, pay later) in the United StatesMobile payments in the United StatesConsumer Price Index and inflation in the U.S.Digital payments landscape in the United StatesOnline shopping behavior in the United States
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