Annual buy now, pay later (BNPL) spending in Brazil in 2023, with a 2029 forecast
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.