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
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
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 November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/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 November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/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: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/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.ezproxy.canberra.edu.au/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.ezproxy.canberra.edu.au/statistics/1470029/use-of-buy-now-pay-later-in-south-africa/ (last visited November 10, 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.ezproxy.canberra.edu.au/statistics/1470029/use-of-buy-now-pay-later-in-south-africa/
