Market modeling estimates that BNPL transactions in Mexico would be about 48 percent higher in 2024 than in 2023. This is according to a market model released in the first quarter of 2024, which placed Mexico among the earliest adopters for buy now, pay later in five countries covered for Latin America - the source put Mexico under that region instead of North America. The app of Mexican credit provider Kueski had nearly twice as many downloads in the country as the app from PayPal. 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 Mexico 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
Figures for Mexico equal a CAGR of 42.8 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 both "North America" as well as "Latin America". The source did not provide a regional figure for North America.
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 Mexico in 2023, with forecasts for 2024 and 2029 (in million U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1372770/bnpl-transaction-value-in-mexico/
Statista. "Estimated transaction value of buy now, pay later (BNPL) in Mexico in 2023, with forecasts for 2024 and 2029 (in million U.S. dollars)." Chart. March 12, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1372770/bnpl-transaction-value-in-mexico/
Statista. (2024). Estimated transaction value of buy now, pay later (BNPL) in Mexico in 2023, with forecasts for 2024 and 2029 (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1372770/bnpl-transaction-value-in-mexico/
Statista. "Estimated Transaction Value of Buy Now, Pay Later (Bnpl) in Mexico in 2023, with Forecasts for 2024 and 2029 (in Million U.S. Dollars)." Statista, Statista Inc., 12 Mar 2024, https://www.statista.com/statistics/1372770/bnpl-transaction-value-in-mexico/
Statista, Estimated transaction value of buy now, pay later (BNPL) in Mexico in 2023, with forecasts for 2024 and 2029 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1372770/bnpl-transaction-value-in-mexico/ (last visited November 21, 2024)
Estimated transaction value of buy now, pay later (BNPL) in Mexico in 2023, with forecasts for 2024 and 2029 (in million U.S. dollars) [Graph], Statista, March 12, 2024. [Online]. Available: https://www.statista.com/statistics/1372770/bnpl-transaction-value-in-mexico/
