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Buy Now, Pay Later (BNPL) is an increasingly popular payment option that allows consumers to make a purchase now and pay for it later in installments, either with or without interest. The current market size projected for 2025 is approximately US$560 billion, according to The Paypers “Buy Now, Pay Later Report 2025.” Projections suggest it will continue to grow through 2030, reaching a global value of US$911.8 billion by the end of that year, with an expected compound annual growth rate (CAGR) of 10.2%.
While North America held the bulk of the market share in 2024, Europe’s adoption of BNPL is growing. According to Statista, major economies such as Germany, Spain, Italy, and France are expected to see, on average, between 12-13% growth in 2025 when compared to 2024.
This anticipated growth is largely being driven by e-commerce trade as well, where BNPL is frequently offered during the final transaction. In fact, according to “Worldpay’s Global Payments Report 2025,” European countries are leading the charge in e-commerce transactions utilizing BNPL, accounting for 8% in 2024, making Europe the market with the largest use of BNPL in e-commerce worldwide. To put this into perspective, in Germany alone, BNPL options have actually surpassed credit card usage for online shopping, reaching to 20% of e-commerce transactions in 2024.
Whether you represent a Retail Bank or Digital Bank, or even a Fintech, payment service provider (PSP) or offer a consumer retail/marketplace, implementing a BNPL service offering could mean increased revenue for you. From business strategy and risk management to regulatory compliance, we can help. Don’t hesitate to reach out.