In 2022, the vast majority of consumers in South Africa stated that they were aware of the Buy Now, Pay Later (BNPL) concept, with a share of 91 percent. However, only 27 percent had utilized BNPL in the past year. South Africans would likely be more open to using the BNPL method if it had security linked with an established bank or payment network.
Percentage of consumers utilizing Buy Now, Pay Later (BNPL) installments as a budgeting tool in South Africa in 2022
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BusinessTech, & MasterCard. (September 19, 2022). Percentage of consumers utilizing Buy Now, Pay Later (BNPL) installments as a budgeting tool in South Africa in 2022 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1470029/use-of-buy-now-pay-later-in-south-africa/
BusinessTech, und MasterCard. "Percentage of consumers utilizing Buy Now, Pay Later (BNPL) installments as a budgeting tool in South Africa in 2022." Chart. September 19, 2022. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1470029/use-of-buy-now-pay-later-in-south-africa/
BusinessTech, MasterCard. (2022). Percentage of consumers utilizing Buy Now, Pay Later (BNPL) installments as a budgeting tool in South Africa in 2022. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1470029/use-of-buy-now-pay-later-in-south-africa/
BusinessTech, and MasterCard. "Percentage of Consumers Utilizing Buy Now, Pay Later (Bnpl) Installments as a Budgeting Tool in South Africa in 2022." Statista, Statista Inc., 19 Sep 2022, https://www.statista.com/statistics/1470029/use-of-buy-now-pay-later-in-south-africa/
BusinessTech & MasterCard, Percentage of consumers utilizing Buy Now, Pay Later (BNPL) installments as a budgeting tool in South Africa in 2022 Statista, https://www.statista.com/statistics/1470029/use-of-buy-now-pay-later-in-south-africa/ (last visited December 22, 2024)
Percentage of consumers utilizing Buy Now, Pay Later (BNPL) installments as a budgeting tool in South Africa in 2022 [Graph], BusinessTech, & MasterCard, September 19, 2022. [Online]. Available: https://www.statista.com/statistics/1470029/use-of-buy-now-pay-later-in-south-africa/
