| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2019 - 2023 |
| CAGR | 20.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Canada Buy Now Pay Later Market Analysis
The Buy Now Pay Later Services Market is expected to register a CAGR of greater than 20% during the forecast period.
Due to an increase in customers purchasing items through online channels to limit the transmission of the coronavirus during the COVID-19 pandemic, the buy now pay later payment platform has seen a large surge. Furthermore, major payment solution providers like Visa and Mastercard have established partnerships to offer reasonable insinstallmentnancing options, which will help the industry thrive throughout the epidemic. Furthermore, during the COVID-19 pandemic, consumer spending on health care, the cost of luxury electronic devices, and the usage of online payment services are all major elements that boosted the expansion of the purchase now pay later market.
Retailers are increasingly offering buy now, pay later options, allowing customers to acquire everyday necessities by selecting an affordable financing plan and paying in installments rather than paying the whole pricinstallmentsce. Several business owners across Canada have been utilizing the buy now pay later payment platform to finance significant equipment, purchase raw materials, and pay staff salaries, fueling the buy now pay later market's expansion. Furthermore, as a result of the increased adoption of buy now pay later payment technology among the youth, which provides several benefits such as purchasing high-cost smartphones and laptops, paying tuition fees and stationery products, and paying the canteen bill, the buy now pay later market is expected to grow.
Canada Buy Now Pay Later Market Trends
People are Increasingly Using Online Payment Methods
The use of online payment methods by consumers in emerging countries such as Canada is speeding up the expansion of the buy now pay later payment business. The primary digital payment technologies include mobile payment, debit cards, and credit cards, which provide individuals with several benefits such as lower transaction costs, faster cash transfers, and increased payment security, all of which contribute to the expansion of the buy now pay later industry. The availability of high-speed internet access, a boom in smartphone use, and increased knowledge of digital payment services are all essential elements that encourage individuals to use online payment technologies.
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Buy Now Pay Later Platforms Offer an Affordable and Convenient Payment Service
The buy now pay later payment method provides individuals with several benefits, including economical and convenient payment services, fast credit card money transfer service at the point of sale platform, and increased personal information security, all of which contribute to the market's growth. Furthermore, the buy now pay later platform supports a QR-code option, which allows individuals to make payments using a scan code and to conduct transactions using UPI techniques, further propelling the market's growth. Furthermore, the buy now pay later platform enables consumers to make safe payments without swiping their debit card, boosting market development across Canada.
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Canada Buy Now Pay Later Industry Overview
The report covers major players operating in the Canada Buy Now Pay later Services Market, their product portfolio, key financials, and developments. The market is transforming with many technological advancements through product innovation and process automation. The key market players are focusing on improving their production capacity, which will help them to increase exports.
Canada Buy Now Pay Later Market Leaders
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Afterpay
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Sezzle
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ZIP
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Klarna
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Affirm
- *Disclaimer: Major Players sorted in no particular order
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Canada Buy Now Pay Later Market News
- In March 2022, Yapstone has teamed with Sezzle to provide its network of vacation rental businesses with Sezzle's Buy Now, Pay Later (BNPL) payment option. Vacationers can pick from hundreds of rental homes served by Yapstone, including enterprise clients such as CiiRUS and Track, using Sezzle's long-term financing with 0% APR options.
- In February 2022, the Buy now, pay later (BNPL) Service in Sezzle was first popular in eCommerce and is now making its way into physical businesses as customers go out more and seek inexpensive methods to pay when they do. Players in the industry understand the retail benefit installments offer, be it better sales or enhanced loyalty, after a few years of BNPL experience and data to work with.
Canada Buy Now Pay Later Industry Segmentation
Customers may now purchase everyday essentials by picking a reasonable financing plan and paying in installments rather than paying the whole amount up front, as businesses increasingly offer to buy now pay later choices. Several business owners worldwide have used the buy now pay later platform to finance large equipment, purchase raw materials, and pay employee wages, accelerating the buy now pay later market growth in countries like Canada. Canada Buy Now Pay Later Services Market is segmented By Channel (Online, POS), By Enterprise Size (Large, SME), and By End Use (Consumer Electronics, Fashion & Garment, BFSI, HealthCare, and Others).
| By Channel | Online |
| POS | |
| By Enterprise Size | Large |
| SME | |
| By End Use | Consumer Electronics |
| Fashion & Garment | |
| BFSI | |
| HealthCare | |
| Others |
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Canada Buy Now Pay Later Market Research FAQs
What is the current Buy Now Pay Later Services Market size?
The Buy Now Pay Later Services Market is projected to register a CAGR of greater than 20% during the forecast period (2025-2030)
Who are the key players in Buy Now Pay Later Services Market?
Afterpay, Sezzle, ZIP, Klarna and Affirm are the major companies operating in the Buy Now Pay Later Services Market.
What years does this Buy Now Pay Later Services Market cover?
The report covers the Buy Now Pay Later Services Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Buy Now Pay Later Services Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Buy Now Pay Later in Canada Industry Report
Statistics for the 2025 Buy Now Pay Later Services market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Buy Now Pay Later Services analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
