Budgeting was a much more important reason to chose BNPL schemes in Latin America than any other type of motivation. This is according to a survey conducted in seven different countries across the region. Motivations for BNPL use were largely the same, with only small differences between countries. In Brazil, for example, budgeting was still the main reason for using BNPL, but it was of less importance than in a country like Mexico. The most significant difference could be seen in regard to needing a purchase quickly.
Main motivation for consumers in selected countries in Latin America on why they used buy now, pay later (BNPL) more often in 2024
Characteristic
It's easier for me to budget using a BNPL solution
I don't have the ability to pay right away
I need the purchase quickly
I don't want to miss out on a limited time discount
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.
Paysafe Group. (August 12, 2024). Main motivation for consumers in selected countries in Latin America on why they used buy now, pay later (BNPL) more often in 2024 [Graph]. In Statista. Retrieved June 08, 2025, from https://www.statista.com/statistics/1538393/reasons-for-increased-bnpl-usage-in-latin-america/
Paysafe Group. "Main motivation for consumers in selected countries in Latin America on why they used buy now, pay later (BNPL) more often in 2024." Chart. August 12, 2024. Statista. Accessed June 08, 2025. https://www.statista.com/statistics/1538393/reasons-for-increased-bnpl-usage-in-latin-america/
Paysafe Group. (2024). Main motivation for consumers in selected countries in Latin America on why they used buy now, pay later (BNPL) more often in 2024. Statista. Statista Inc.. Accessed: June 08, 2025. https://www.statista.com/statistics/1538393/reasons-for-increased-bnpl-usage-in-latin-america/
Paysafe Group. "Main Motivation for Consumers in Selected Countries in Latin America on Why They Used Buy Now, Pay Later (Bnpl) More Often in 2024." Statista, Statista Inc., 12 Aug 2024, https://www.statista.com/statistics/1538393/reasons-for-increased-bnpl-usage-in-latin-america/
Paysafe Group, Main motivation for consumers in selected countries in Latin America on why they used buy now, pay later (BNPL) more often in 2024 Statista, https://www.statista.com/statistics/1538393/reasons-for-increased-bnpl-usage-in-latin-america/ (last visited June 08, 2025)
Main motivation for consumers in selected countries in Latin America on why they used buy now, pay later (BNPL) more often in 2024 [Graph], Paysafe Group, August 12, 2024. [Online]. Available: https://www.statista.com/statistics/1538393/reasons-for-increased-bnpl-usage-in-latin-america/
