Market modeling estimates that BNPL transactions in Brazil would be about 18 percent higher in 2023 than in 2023. This is according to a market model released in the first quarter of 2024, which placed Brazil among the earliest adopters of buy now, pay later in Latin America. Pure play BNPL providers VirtusPay and Addi in Brazil did not attract as many downloads in 2022 as either PayPal or RecargaPay. 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 2023, transaction figures on this payment method were scarce unless a domestic financial supervisor managed to request data from individual BNPL providers.
Estimated transaction value of buy now, pay later (BNPL) in Brazil in 2023, with forecasts for 2024 and 2029
(in million U.S. dollars)
Characteristic
BNPL transaction value in million U.S. dollars
Share against overall transaction value in Latin America (including Mexico)
Figures for Brazil equal a CAGR of 12.3 percent between 2024 and 2029
Supplementary notes
The source researched the following 5 countries within Latin America: Argentina, Brazil, Chile, Colombia, Mexico. The source placed Mexico within "Latin America" only.
The source does not provide information on the original wording used or of its methodology. Thus, the wording chosen for this statistic may differ slightly.
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Statista. (March 12, 2024). Estimated transaction value of buy now, pay later (BNPL) in Brazil in 2023, with forecasts for 2024 and 2029 (in million U.S. dollars) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1372758/bnpl-transaction-value-in-brazil/
Statista. "Estimated transaction value of buy now, pay later (BNPL) in Brazil in 2023, with forecasts for 2024 and 2029 (in million U.S. dollars)." Chart. March 12, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1372758/bnpl-transaction-value-in-brazil/
Statista. (2024). Estimated transaction value of buy now, pay later (BNPL) in Brazil in 2023, with forecasts for 2024 and 2029 (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1372758/bnpl-transaction-value-in-brazil/
Statista. "Estimated Transaction Value of Buy Now, Pay Later (Bnpl) in Brazil in 2023, with Forecasts for 2024 and 2029 (in Million U.S. Dollars)." Statista, Statista Inc., 12 Mar 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1372758/bnpl-transaction-value-in-brazil/
Statista, Estimated transaction value of buy now, pay later (BNPL) in Brazil in 2023, with forecasts for 2024 and 2029 (in million U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1372758/bnpl-transaction-value-in-brazil/ (last visited November 10, 2024)
Estimated transaction value of buy now, pay later (BNPL) in Brazil in 2023, with forecasts for 2024 and 2029 (in million U.S. dollars) [Graph], Statista, March 12, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1372758/bnpl-transaction-value-in-brazil/
