Number of Buy Now, Pay Later users in Singapore 2020-2023

Published by Lucas Romero, Mar 26, 2025

In 2023, the number of Buy Now, Pay Later (BNPL) users in Singapore recorded approximately 2.4 million people. This was an increase of nearly half a million users compared to the previous year. BNPL is a financing service that allows consumers to make purchases on credit through future installments.

Number of Buy Now, Pay Later (BNPL) users in Singapore from 2020 to 2023 (in millions)

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Release date

March 2025

Region

Singapore

Survey time period

2020 to 2023

Supplementary notes

Including Atome, GrabPayLater, and Hoolah.

Figures prior to 2023 were from previous reporting.

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Overview

4

Key indicators

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Bank cards

3

FAST and e-money

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Mobile wallets

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Buy Now, Pay Later (BNPL)

4

Consumer behavior

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Digital payments in Singapore Smartphones in SingaporeFintech in SingaporeE-commerce in SingaporeBanking industry in Singapore
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