Mexico Buy Now Pay Later (BNPL) Market Analysis

Name: Mexico Buy Now Pay Later (BNPL) Market Analysis | 2024-2030
Creator: Next Move Strategy Consulting
Published: 2025-07-21T05:30:00+05:30

Mexico Buy Now Pay Later (BNPL) Market by Channel (Online, and Point of Sale (PoS)), by Enterprise Type (Small & Medium Enterprises (SMEs), and Large Enterprises), by Application (Consumer Electronics, Fashion & Garments, Media & Entertainment, Healthcare & Wellness, Automotive, Furnishing, and Other Application), and by End User (Generation X, Generation Z, Millennials, and Baby Boomers) - Opportunity Analysis and Industry Forecast, 2024– 2030

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Mexico Buy Now Pay Later (BNPL) Market Overview

The Mexico Buy Now Pay Later (BNPL) Market size was valued at USD 2.28 billion in 2023, and is predicted to reach USD 26.89 billion by 2030, at a CAGR of 34.8% from 2024 to 2030. Buy now pay later (BNPL) is a convenient short-term financing option that allows consumers to defer payment for purchases to a later date. This payment method, structured with an installment plan, involves consumers, financiers, and merchants, enabling customers to shop online and in stores without immediate full payment. BNPL is versatile, covering a wide range of purchases from everyday items including clothing and electronics to larger expenses such as home improvement products.

The popularity of BNPL is on the rise due to its numerous advantages for consumers. It provides a flexible way to buy high-cost items such as smartphones and laptops, pay for educational expenses including tuition fees and stationery, and even cover daily expenses such as canteen bills. Additionally, the introduction of zero-interest payment options by BNPL providers makes this payment solution even more appealing to customers, offering them a convenient and attractive payment alternative.

Widespread Smartphone Usage and Digital Payment Behavior Enable BNPL Accessibility

The increasing use of smartphones and digital wallets in Mexico is a major catalyst behind the growing popularity of Buy Now Pay Later (BNPL) services. As consumers lean toward mobile-first commerce, BNPL providers such as KueskiPay and Aplazo are integrating financing solutions directly into apps and checkout flows. This real-time, frictionless experience appeals especially to younger generations who favor speed and simplicity in financial decisions. The shift toward mobile payments is making installment-based purchasing a mainstream option across both e-commerce and physical retail.

Growing Trust Through Fintech-bank Alliances and Supportive Regulatory Landscape

The expansion of BNPL in Mexico is also driven by stronger institutional partnerships and a maturing regulatory framework. Collaborations between fintechs and banks are enhancing credibility, allowing providers to offer installment solutions that are not only flexible but also reliable. Meanwhile, evolving financial regulations—supported by frameworks like Mexico’s Fintech Law—are helping shape responsible lending standards. These efforts are improving consumer confidence, particularly among traditionally credit-averse shoppers, and reinforcing BNPL as a trusted alternative to conventional credit products.

Limited Financial Literacy and Risk of Consumer Over-indebtedness

Despite growing adoption, one of the key challenges facing the BNPL market in Mexico is the limited level of financial literacy among a significant portion of the population. Many consumers are drawn to interest-free installment offers without fully understanding the repayment terms, penalties for late payments, or the impact on their financial health. This lack of awareness increases the risk of over-indebtedness, especially among first-time credit users and underbanked individuals. Without adequate financial education and clearer disclosures from providers, BNPL services may unintentionally contribute to poor debt management and erode long-term trust in the model.

Expansion Into Omnichannel & SME Sectors Through in-store BNPL Deployment

A significant future opportunity for Mexico’s BNPL market lies in its transition beyond e-commerce into offline retail environments, especially through partnerships with small and medium-sized enterprises (SMEs). Providers like Kueski have begun rolling out in-store payment options using QR codes, enabling instant installment approval at physical checkouts—bridging the gap between digital credit and traditional retail shopping.

This omnichannel strategy addresses Mexico’s enduring preference for in-person shopping, tapping into consumer segments still largely outside the digital ecosystem. By collaborating with neighborhood retailers, supermarkets, and service-based businesses, BNPL providers can extend flexible credit access to underbanked communities and spur digital adoption. As stores adopt BNPL at the register, both merchants and consumers benefit—boosting sales and enhancing financial inclusion. With smartphone penetration and QR-enabled payments becoming more common, this opportunity promises to solidify BNPL as a mainstream, accessible financing option across Mexico’s diverse retail landscape.

Competitive Landscape

The market players operating in the Mexico buy now pay later industry include Kueski, Aplazo, PayPal, MercadoPago, Atrato, Slightpay, Seedstars SA, Klarna Bank AB, Nuvei, Splitit, and others.

Mexico Buy Now Pay Later Market Key Segments

By Channel

Online
Point of Sale (PoS)

By Enterprise Type

Small & Medium Enterprises (SMEs)
Large Enterprises

By Application

Consumer Electronics
Fashion & Garments
Media & Entertainment
Healthcare & Wellness
Automotive
Furnishing
Others

By End User

Generation X
Generation Z
Millennials
Baby Boomers

Key Players

Kueski
Aplazo
PayPal
MercadoPago
Atrato
Slightpay
Seedstars SA
Klarna Bank AB
Nuvei
Splitit

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2023	USD 2.28 Billion
Revenue Forecast in 2030	USD 26.89 Billion
Growth Rate	CAGR of 34.8% from 2024 to 2030
Analysis Period	2023–2030
Base Year Considered	2023
Forecast Period	2024–2030
Market Size Estimation	Billion (USD)
Growth Factors	Widespread Smartphone Usage and Digital Payment Behavior Enable BNPL Accessibility . Growing Trust Through Fintech-bank Alliances and Supportive Regulatory Landscape.
Companies Profiled	10
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.

1. 1.1. REPORT DESCRIPTION
2. 1.2. WHO SHOULD READ THIS REPORT
3. 1.3. KEY MARKET SEGMENTS
4. 1.4. RESEARCH METHODOLOGY
5. 1. 1.4.1 MARKET SIZE ESTIMATION METHODOLOGY
  2. 1. 1.4.1.1. TOP-DOWN AND BOTTOM-UP APPROACH
    2. 1.4.1.2. DEMAND AND SUPPLY SIDE ANALYSIS
    3. 1.4.1.3. MACRO-INDICATOR APPROACH
  3. 1.4.2 DATA COLLECTION APPROACH
  4. 1. 1.4.2.1. PRIMARY DATA COLLECTION
    2. 1.4.2.2. SECONDARY DATA COLLECTION
    3. 1. 1.4.2.2.1. SECONDARY DATA SOURCES
  5. 1.4.3 FORECASTING

1. 2.1. DEFINITION
2. 2.2. SCOPE

1. 3.1. MARKET SNAPSHOT, 2024 - 2030, MILLION USD

1. 4.1. MARKET DYNAMICS
2. 1. 4.1.1 DRIVERS
  2. 1. 4.1.1.1. WIDESPREAD SMARTPHONE USAGE AND DIGITAL PAYMENT BEHAVIOR ENABLE BNPL ACCESSIBILITY
    2. 4.1.1.2. GROWING TRUST THROUGH FINTECH-BANK ALLIANCES AND SUPPORTIVE REGULATORY LANDSCAPE
  3. 4.1.2 RESTRAINTS
  4. 1. 4.1.2.1. LIMITED FINANCIAL LITERACY AND RISK OF CONSUMER OVER-INDEBTEDNESS
  5. 4.1.3 OPPORTUNITY
  6. 1. 4.1.3.1. EXPANSION INTO OMNICHANNEL & SME SECTORS THROUGH IN-STORE BNPL DEPLOYMENT

1. 5.1. MARKET SHARE ANALYSIS OF TOP MEXICO BNPL PROVIDERS, 2024

1. 6.1 OVERVIEW
2. 6.2 ONLINE MARKET
3. 6.3 POINT-OF-SALE (POS) MARKET

1. 7.1 OVERVIEW
2. 7.2 SMALL AND MEDIUM ENTERPRISES (SMES) MARKET
3. 7.3 LARGE ENTERPRISES MARKET

1. 8.1 OVERVIEW
2. 8.2 CONSUMER ELECTRONICS MARKET
3. 8.3 FASHION AND GARMENTS MARKET
4. 8.4 MEDIA AND ENTERTAINMENT MARKET
5. 8.5 HEALTHCARE AND WELLNESS MARKET
6. 8.6 AUTOMOTIVE MARKET
7. 8.7 FURNISHING MARKET
8. 8.8 OTHER APPLICATION MARKET

1. 9.1 OVERVIEW
2. 9.2 GENERATION X MARKET
3. 9.3 GENERATION Z MARKET
4. 9.4 MILLENNIALS MARKET
5. 9.5 BABY BOOMERS MARKET

1. 10.1 KUESKI
2. 1. 10.1.1 COMPANY OVERVIEW
  2. 10.1.2 COMPANY SNAPSHOT
  3. 10.1.3 OPERATING BUSINESS SEGMENTS
  4. 10.1.4 PRODUCT PORTFOLIO
  5. 10.1.5 BUSINESS PERFORMANCE
  6. 10.1.6 BUSINESS SEGMENTS
  7. 10.1.7 GEOGRAPHIC SEGMENTS
  8. 10.1.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 10.1.9 PRIMARY MARKET COMPETITORS
3. 10.2 APLAZO
4. 1. 10.2.1 COMPANY OVERVIEW
  2. 10.2.2 COMPANY SNAPSHOT
  3. 10.2.3 OPERATING BUSINESS SEGMENTS
  4. 10.2.4 PRODUCT PORTFOLIO
  5. 10.2.5 BUSINESS PERFORMANCE
  6. 10.2.6 BUSINESS SEGMENTS
  7. 10.2.7 GEOGRAPHIC SEGMENTS
  8. 10.2.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 10.2.9 PRIMARY MARKET COMPETITORS
5. 10.3 PAYPAL
6. 1. 10.3.1 COMPANY OVERVIEW
  2. 10.3.2 COMPANY SNAPSHOT
  3. 10.3.3 OPERATING BUSINESS SEGMENTS
  4. 10.3.4 PRODUCT PORTFOLIO
  5. 10.3.5 BUSINESS PERFORMANCE
  6. 10.3.6 BUSINESS SEGMENTS
  7. 10.3.7 GEOGRAPHIC SEGMENTS
  8. 10.3.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 10.3.9 PRIMARY MARKET COMPETITORS
7. 10.4 MERCADOPAGO
8. 1. 10.4.1 COMPANY OVERVIEW
  2. 10.4.2 COMPANY SNAPSHOT
  3. 10.4.3 OPERATING BUSINESS SEGMENTS
  4. 10.4.4 PRODUCT PORTFOLIO
  5. 10.4.5 BUSINESS PERFORMANCE
  6. 10.4.6 BUSINESS SEGMENTS
  7. 10.4.7 GEOGRAPHIC SEGMENTS
  8. 10.4.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 10.4.9 PRIMARY MARKET COMPETITORS
9. 10.5 ATRATO
10. 1. 10.5.1 COMPANY OVERVIEW
  2. 10.5.2 COMPANY SNAPSHOT
  3. 10.5.3 OPERATING BUSINESS SEGMENTS
  4. 10.5.4 PRODUCT PORTFOLIO
  5. 10.5.5 BUSINESS PERFORMANCE
  6. 10.5.6 BUSINESS SEGMENTS
  7. 10.5.7 GEOGRAPHIC SEGMENTS
  8. 10.5.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 10.5.9 PRIMARY MARKET COMPETITORS
11. 10.6 SLIGHTPAY
12. 1. 10.6.1 COMPANY OVERVIEW
  2. 10.6.2 COMPANY SNAPSHOT
  3. 10.6.3 OPERATING BUSINESS SEGMENTS
  4. 10.6.4 PRODUCT PORTFOLIO
  5. 10.6.5 BUSINESS PERFORMANCE
  6. 10.6.6 BUSINESS SEGMENTS
  7. 10.6.7 GEOGRAPHIC SEGMENTS
  8. 10.6.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 10.6.9 PRIMARY MARKET COMPETITORS
13. 10.7 SEEDSTARS SA
14. 1. 10.7.1 COMPANY OVERVIEW
  2. 10.7.2 COMPANY SNAPSHOT
  3. 10.7.3 OPERATING BUSINESS SEGMENTS
  4. 10.7.4 PRODUCT PORTFOLIO
  5. 10.7.5 BUSINESS PERFORMANCE
  6. 10.7.6 BUSINESS SEGMENTS
  7. 10.7.7 GEOGRAPHIC SEGMENTS
  8. 10.7.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 10.7.9 PRIMARY MARKET COMPETITORS
15. 10.8 KLARNA BANK AB
16. 1. 10.8.1 COMPANY OVERVIEW
  2. 10.8.2 COMPANY SNAPSHOT
  3. 10.8.3 OPERATING BUSINESS SEGMENTS
  4. 10.8.4 PRODUCT PORTFOLIO
  5. 10.8.5 BUSINESS PERFORMANCE
  6. 10.8.6 BUSINESS SEGMENTS
  7. 10.8.7 GEOGRAPHIC SEGMENTS
  8. 10.8.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 10.8.9 PRIMARY MARKET COMPETITORS
17. 10.9 NUVEI
18. 1. 10.9.1 COMPANY OVERVIEW
  2. 10.9.2 COMPANY SNAPSHOT
  3. 10.9.3 OPERATING BUSINESS SEGMENTS
  4. 10.9.4 PRODUCT PORTFOLIO
  5. 10.9.5 BUSINESS PERFORMANCE
  6. 10.9.6 BUSINESS SEGMENTS
  7. 10.9.7 GEOGRAPHIC SEGMENTS
  8. 10.9.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 10.9.9 PRIMARY MARKET COMPETITORS
19. 10.10 SPLITIT
20. 1. 10.10.1 COMPANY OVERVIEW
  2. 10.10.2 COMPANY SNAPSHOT
  3. 10.10.3 OPERATING BUSINESS SEGMENTS
  4. 10.10.4 PRODUCT PORTFOLIO
  5. 10.10.5 BUSINESS PERFORMANCE
  6. 10.10.6 BUSINESS SEGMENTS
  7. 10.10.7 GEOGRAPHIC SEGMENTS
  8. 10.10.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 10.10.9 PRIMARY MARKET COMPETITORS

LIST OF TABLES

TABLE 1. MEXICO BUY NOW PAY LATER (BNPL) MARKET VALUE, BY CHANNEL, 2024-2030, (BILLION USD)

TABLE 2. ONLINE, MARKET VALUE, 2024-2030, (BILLION USD)

TABLE 3. POINT-OF-SALE (POS), MARKET VALUE, 2024-2030, (BILLION USD)

TABLE 4. MEXICO BUY NOW PAY LATER (BNPL) MARKET VALUE, BY ENTERPRISE TYPE, 2024-2030, (BILLION USD)

TABLE 5. SMALL AND MEDIUM ENTERPRISES (SMES), MARKET VALUE, 2024-2030, (BILLION USD)

TABLE 6. LARGE ENTERPRISES, MARKET VALUE, 2024-2030, (BILLION USD)

TABLE 7. MEXICO BUY NOW PAY LATER (BNPL) MARKET VALUE, BY APPLICATION, 2024-2030, (BILLION USD)

TABLE 8. CONSUMER ELECTRONICS, MARKET VALUE, 2024-2030, (BILLION USD)

TABLE 9. FASHION AND GARMENTS, MARKET VALUE, 2024-2030, (BILLION USD)

TABLE 10. MEDIA AND ENTERTAINMENT, MARKET VALUE, 2024-2030, (BILLION USD)

TABLE 11. HEALTHCARE AND WELLNESS, MARKET VALUE, 2024-2030, (BILLION USD)

TABLE 12. AUTOMOTIVE, MARKET VALUE, 2024-2030, (BILLION USD)

TABLE 13. FURNISHING, MARKET VALUE, 2024-2030, (BILLION USD)

TABLE 14. OTHER APPLICATION, MARKET VALUE, 2024-2030, (BILLION USD)

TABLE 15. MEXICO BUY NOW PAY LATER (BNPL) MARKET VALUE, BY END USER, 2024-2030, (BILLION USD)

TABLE 16. GENERATION X, MARKET VALUE, 2024-2030, (BILLION USD)

TABLE 17. GENERATION Z, MARKET VALUE, 2024-2030, (BILLION USD)

TABLE 18. MILLENNIALS, MARKET VALUE, 2024-2030, (BILLION USD)

TABLE 19. BABY BOOMERS, MARKET VALUE, 2024-2030, (BILLION USD)

TABLE 20. KUESKI: COMPANY SNAPSHOT

TABLE 21. KUESKI: OPERATING BUSINESS SEGMENTS

TABLE 22. KUESKI: PRODUCT PORTFOLIO

TABLE 23. KUESKI: SALES BY BUSINESS SEGMENTS (2022-2024)

TABLE 24. KUESKI: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)

TABLE 25. KUESKI: KEY STRATERGY

TABLE 26. APLAZO: COMPANY SNAPSHOT

TABLE 27. APLAZO: OPERATING BUSINESS SEGMENTS

TABLE 28. APLAZO: PRODUCT PORTFOLIO

TABLE 29. APLAZO: SALES BY BUSINESS SEGMENTS (2022-2024)

TABLE 30. APLAZO: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)

TABLE 31. APLAZO: KEY STRATERGY

TABLE 32. PAYPAL: COMPANY SNAPSHOT

TABLE 33. PAYPAL: OPERATING BUSINESS SEGMENTS

TABLE 34. PAYPAL: PRODUCT PORTFOLIO

TABLE 35. PAYPAL: SALES BY BUSINESS SEGMENTS (2022-2024)

TABLE 36. PAYPAL: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)

TABLE 37. PAYPAL: KEY STRATERGY

TABLE 38. MERCADOPAGO: COMPANY SNAPSHOT

TABLE 39. MERCADOPAGO: OPERATING BUSINESS SEGMENTS

TABLE 40. MERCADOPAGO: PRODUCT PORTFOLIO

TABLE 41. MERCADOPAGO: SALES BY BUSINESS SEGMENTS (2022-2024)

TABLE 42. MERCADOPAGO: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)

TABLE 43. MERCADOPAGO: KEY STRATERGY

TABLE 44. ATRATO: COMPANY SNAPSHOT

TABLE 45. ATRATO: OPERATING BUSINESS SEGMENTS

TABLE 46. ATRATO: PRODUCT PORTFOLIO

TABLE 47. ATRATO: SALES BY BUSINESS SEGMENTS (2022-2024)

TABLE 48. ATRATO: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)

TABLE 49. ATRATO: KEY STRATERGY

TABLE 50. SLIGHTPAY: COMPANY SNAPSHOT

TABLE 51. SLIGHTPAY: OPERATING BUSINESS SEGMENTS

TABLE 52. SLIGHTPAY: PRODUCT PORTFOLIO

TABLE 53. SLIGHTPAY: SALES BY BUSINESS SEGMENTS (2022-2024)

TABLE 54. SLIGHTPAY: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)

TABLE 55. SLIGHTPAY: KEY STRATERGY

TABLE 56. SEEDSTARS SA: COMPANY SNAPSHOT

TABLE 57. SEEDSTARS SA: OPERATING BUSINESS SEGMENTS

TABLE 58. SEEDSTARS SA: PRODUCT PORTFOLIO

TABLE 59. SEEDSTARS SA: SALES BY BUSINESS SEGMENTS (2022-2024)

TABLE 60. SEEDSTARS SA: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)

TABLE 61. SEEDSTARS SA: KEY STRATERGY

TABLE 62. KLARNA BANK AB: COMPANY SNAPSHOT

TABLE 63. KLARNA BANK AB: OPERATING BUSINESS SEGMENTS

TABLE 64. KLARNA BANK AB: PRODUCT PORTFOLIO

TABLE 65. KLARNA BANK AB: SALES BY BUSINESS SEGMENTS (2022-2024)

TABLE 66. KLARNA BANK AB: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)

TABLE 67. KLARNA BANK AB: KEY STRATERGY

TABLE 68. NUVEI: COMPANY SNAPSHOT

TABLE 69. NUVEI: OPERATING BUSINESS SEGMENTS

TABLE 70. NUVEI: PRODUCT PORTFOLIO

TABLE 71. NUVEI: SALES BY BUSINESS SEGMENTS (2022-2024)

TABLE 72. NUVEI: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)

TABLE 73. NUVEI: KEY STRATERGY

TABLE 74. SPLITIT: COMPANY SNAPSHOT

TABLE 75. SPLITIT: OPERATING BUSINESS SEGMENTS

TABLE 76. SPLITIT: PRODUCT PORTFOLIO

TABLE 77. SPLITIT: SALES BY BUSINESS SEGMENTS (2022-2024)

TABLE 78. SPLITIT: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)

TABLE 79. SPLITIT: KEY STRATERGY

LIST OF FIGURES

FIGURE 1. BARGAINING POWER OF SUPPLIERS

FIGURE 2. BARGAINING POWER OF BUYERS

FIGURE 3. DEGREE OF COMPETITION

FIGURE 4. THREAT OF SUBSTITUTE

FIGURE 5. THREAT OF NEW ENTRANTS

FIGURE 6. MEXICO BUY NOW PAY LATER (BNPL) MARKET VALUE, BY CHANNEL, 2024-2030, (BILLION USD)

FIGURE 7. ONLINE, MARKET VALUE, 2024-2030, (BILLION USD)

FIGURE 8. POINT-OF-SALE (POS), MARKET VALUE, 2024-2030, (BILLION USD)

FIGURE 9. MEXICO BUY NOW PAY LATER (BNPL) MARKET VALUE, BY ENTERPRISE TYPE, 2024-2030, (BILLION USD)

FIGURE 10. SMALL AND MEDIUM ENTERPRISES (SMES), MARKET VALUE, 2024-2030, (BILLION USD)

FIGURE 11. LARGE ENTERPRISES, MARKET VALUE, 2024-2030, (BILLION USD)

FIGURE 12. MEXICO BUY NOW PAY LATER (BNPL) MARKET VALUE, BY APPLICATION, 2024-2030, (BILLION USD)

FIGURE 13. CONSUMER ELECTRONICS, MARKET VALUE, 2024-2030, (BILLION USD)

FIGURE 14. FASHION AND GARMENTS, MARKET VALUE, 2024-2030, (BILLION USD)

FIGURE 15. MEDIA AND ENTERTAINMENT, MARKET VALUE, 2024-2030, (BILLION USD)

FIGURE 16. HEALTHCARE AND WELLNESS, MARKET VALUE, 2024-2030, (BILLION USD)

FIGURE 17. AUTOMOTIVE, MARKET VALUE, 2024-2030, (BILLION USD)

FIGURE 18. FURNISHING, MARKET VALUE, 2024-2030, (BILLION USD)

FIGURE 19. OTHER APPLICATION, MARKET VALUE, 2024-2030, (BILLION USD)

FIGURE 20. MEXICO BUY NOW PAY LATER (BNPL) MARKET VALUE, BY END USER, 2024-2030, (BILLION USD)

FIGURE 21. GENERATION X, MARKET VALUE, 2024-2030, (BILLION USD)

FIGURE 22. GENERATION Z, MARKET VALUE, 2024-2030, (BILLION USD)

FIGURE 23. MILLENNIALS, MARKET VALUE, 2024-2030, (BILLION USD)

FIGURE 24. BABY BOOMERS, MARKET VALUE, 2024-2030, (BILLION USD)

FIGURE 25. KUESKI: NET SALES, (2022-2024)

FIGURE 26. KUESKI: PRIMARY MARKET COMPETITORS

FIGURE 27. APLAZO: NET SALES, (2022-2024)

FIGURE 28. APLAZO: PRIMARY MARKET COMPETITORS

FIGURE 29. PAYPAL: NET SALES, (2022-2024)

FIGURE 30. PAYPAL: PRIMARY MARKET COMPETITORS

FIGURE 31. MERCADOPAGO: NET SALES, (2022-2024)

FIGURE 32. MERCADOPAGO: PRIMARY MARKET COMPETITORS

FIGURE 33. ATRATO: NET SALES, (2022-2024)

FIGURE 34. ATRATO: PRIMARY MARKET COMPETITORS

FIGURE 35. SLIGHTPAY: NET SALES, (2022-2024)

FIGURE 36. SLIGHTPAY: PRIMARY MARKET COMPETITORS

FIGURE 37. SEEDSTARS SA: NET SALES, (2022-2024)

FIGURE 38. SEEDSTARS SA: PRIMARY MARKET COMPETITORS

FIGURE 39. KLARNA BANK AB: NET SALES, (2022-2024)

FIGURE 40. KLARNA BANK AB: PRIMARY MARKET COMPETITORS

FIGURE 41. NUVEI: NET SALES, (2022-2024)

FIGURE 42. NUVEI: PRIMARY MARKET COMPETITORS

FIGURE 43. SPLITIT: NET SALES, (2022-2024)

FIGURE 44. SPLITIT: PRIMARY MARKET COMPETITORS

At Next Move Strategy Consulting, we understand that insightful market research is the cornerstone of successful business decisions. That's why we employ a robust and multifaceted approach, combining various methodologies to deliver the most accurate and actionable data for our clients.

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We navigate the world of research with two primary approaches:

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Our qualitative research methodologies involve immersive techniques such as in-depth interviews, focus groups, and observational studies. By engaging directly with individuals and stakeholders, we uncover valuable insights that quantitative data alone may overlook.

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In tandem with qualitative methodologies, NMSC leverages the power of Quantitative Research to provide a robust foundation of numerical insights. Through systematic data collection and analysis, we quantify patterns, preferences, and market trends, offering a comprehensive view of the business landscape.

Our quantitative research approach employs diverse tools, including surveys, experiments, and statistical modelling. These methodologies enable us to gather data from a large and representative sample, ensuring the statistical significance of our findings. By employing structured questionnaires and standardized data collection methods, we guarantee the reliability and validity of the information we present to our clients.

Quantitative research is particularly effective in measuring the prevalence of trends, assessing market size, and gauging the impact of various factors on consumer behavior. The numerical precision attained through this approach equips our clients with actionable insights, facilitating data-driven decision-making and strategy formulation.

Our Specialized Toolbox for Industry-Specific Market Research

We deploy a specialized arsenal of techniques tailored to meet your unique requirements. Here's a glimpse into our comprehensive toolbox:

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We utilize both top-down and bottom-up approaches in market research analysis to achieve a comprehensive understanding of the market dynamics, leveraging the broad perspective of industry trends and macroeconomic factors alongside detailed insights from specific segments and individual companies.

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We conduct SWOT analysis to understand market trends, identify potential threats, capitalize on opportunities, and assess our strengths and weaknesses.

Forecasting

We utilize a forecasting model to predict future consumption by considering parameters like population, economics, regulations, market competition, drivers, constraints, technology, and pricing. We also employ statistical techniques such as multilinear regression, exponential smoothing, moving average, ARIMA, and Monte Carlo simulations for accurate predictions. In econometric forecasting, we analyzed short-term and long-term event impacts, attributing values based on regulatory frameworks, economic factors, and market events.

Frequently Asked Questions

The key market players operating in the Mexico buy now pay later market are Kueski, Aplazo, PayPal, MercadoPago, Atrato, Slightpay, Seedstars SA, Klarna Bank AB, Nuvei, Splitit, and others.

According to the Next Move Strategy Consulting, the size of the Mexico buy now pay later market is estimated to be at USD 26.89 Billion in 2030.

BNPL offers convenience and flexibility, allowing consumers to spread the cost of purchases over time without incurring interest charges. It also provides access to goods and services that may otherwise be unaffordable upfront.

Key challenges are the high interest rates and fees associated with BNPL services.

According to the Next Move Strategy Consulting, the size of the Mexico buy now pay later market is estimated at USD 2.28 Billion in 2023.

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Trending Report

Mexico Buy Now Pay Later (BNPL) Market

Mexico Buy Now Pay Later (BNPL) Market Overview

Widespread Smartphone Usage and Digital Payment Behavior Enable BNPL Accessibility

Growing Trust Through Fintech-bank Alliances and Supportive Regulatory Landscape

Limited Financial Literacy and Risk of Consumer Over-indebtedness

Expansion Into Omnichannel & SME Sectors Through in-store BNPL Deployment

Competitive Landscape

Mexico Buy Now Pay Later Market Key Segments

By Channel

By Enterprise Type

By Application

By End User

Key Players

REPORT SCOPE AND SEGMENTATION:

Qualitative Approach

Our Specialized Toolbox for Industry-Specific Market Research

Information Procurement

Market Research Approach

Porters Five Forces Analysis

SWOT Analysis

Forecasting

Frequently Asked Questions

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Trending Report

Mexico Buy Now Pay Later (BNPL) Market

Mexico Buy Now Pay Later (BNPL) Market Overview

Widespread Smartphone Usage and Digital Payment Behavior Enable BNPL Accessibility

Growing Trust Through Fintech-bank Alliances and Supportive Regulatory Landscape

Limited Financial Literacy and Risk of Consumer Over-indebtedness

Expansion Into Omnichannel & SME Sectors Through in-store BNPL Deployment

Competitive Landscape

Mexico Buy Now Pay Later Market Key Segments

By Channel

By Enterprise Type

By Application

By End User

Key Players

REPORT SCOPE AND SEGMENTATION:

1. INTRODUCTION

2. MARKET DEFINITION

3. MEXICO BNPL MARKET – EXECUTIVE SUMMARY

4. MARKET OVERVIEW

5. MARKET SHARE ANALYSIS

6. MEXICO BUY NOW PAY LATER (BNPL) MARKET BY CHANNEL

7. MEXICO BUY NOW PAY LATER (BNPL) MARKET BY ENTERPRISE TYPE

8. MEXICO BUY NOW PAY LATER (BNPL) MARKET BY APPLICATION

9. MEXICO BUY NOW PAY LATER (BNPL) MARKET BY END USER

10. COMPANY PROFILES

Qualitative Approach

Our Specialized Toolbox for Industry-Specific Market Research

Information Procurement

Market Research Approach

Porters Five Forces Analysis

SWOT Analysis

Forecasting

Frequently Asked Questions

Which are the key players operating in the Mexico buy now pay later market?

What will be the size of the Mexico buy now pay later market in 2030?

What are the benefits of using BNPL?

What challenges are related to the buy now pay later industry?

What is the size of the Mexico buy now pay later market in 2023?

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