Insights on the Buy Now Pay Later Market in Latin America to 2028 - Players Include Wipei, PagoMisCuentas, Uala and Sweetpay
BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 29.6% during 2022-2028.
- BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 29.6% during 2022-2028.
- The BNPL Gross Merchandise Value in the region will increase from US$9,547.1 million in 2021 to reach US$72,891.8 million by 2028.
- Across the Latin American region, where half of the population falls under the underbanked category, buy now pay later (BNPL) has given way for lenders to reach the mass market.
- Notably, the market is so huge in the Latin American market that players can collaborate to drive growth rather than compete against each other.