Flourish eMAG Apr 25 - Flipbook - Page 51
ON THE RISE: THE GLOBAL SNAPSHOT
BNPL is no longer a niche service—it’s a multibillion-dollar industry growing at an incredible
rate.
•
Australia: Over 7 million Australians—that’s
around one in three adults—use BNPL
services, spending an average of $1,000
annually through platforms like Afterpay, Zip,
and Klarna.
•
United States: BNPL transactions are
expected to top $132 billion, a 14% increase
from the previous year.
•
Europe: BNPL is on track to grow 15.2% this
year, with transactions reaching US$167
billion.
THE PROS
OF BNPL:
WHY
PEOPLE
LOVE IT
•
Latin America: The BNPL market is expected
to jump by 31%.
•
Asia: Countries like India, China, and Japan
are seeing rapid BNPL adoption, particularly
among younger shoppers who prefer digital
payment solutions.
The numbers speak for themselves—BNPL is here
to stay. But is it a savvy 昀椀nancial tool or a sneaky
way to fall into debt?
Interest-Free Repayments
One of the biggest drawcards
of BNPL is that many
services offer interest-free
instalments, as long as you
pay on time. This can be a
great way to break up big
purchases without racking up
credit card interest.
