Main reasons for the increased use of BNPL in 7 countries in Latin America 2024
Budgeting was a much more important reason to chose BNPL schemes in Latin America than any other type of motivation. This is according to a survey conducted in seven different countries across the region. Motivations for BNPL use were largely the same, with only small differences between countries. In Brazil, for example, budgeting was still the main reason for using BNPL, but it was of less importance than in a country like Mexico. The most significant difference could be seen in regard to needing a purchase quickly.
