Annual buy now, pay later (BNPL) spending in Spain in 2023, with a 2029 forecast

Market modeling estimates that BNPL transactions in Spain 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, which placed Spain among the lower end of user markets in Europe for buy now, pay later. Unlike Germany, the UK and to a lesser extent France, Klarna's presence in Spain was relatively low as of 2023. Southern Europe is said to not use BNPL as much due to the potential of hidden costs. 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.