Annual buy now, pay later (BNPL) spending in Colombia in 2023, with a 2029 forecast
Market modeling estimates that BNPL transactions in Colombia would be about 39 percent higher in 2024 than in 2023. This is according to a market model released in the first quarter of 2024, which placed Colombia firmly behind Brazil and Mexico when it comes to buy now, pay later in Latin America. This despite the presence of Colombian BNPL provider Addi - listed by many as one of Latin America's most important fintech companies. 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.