According to a 2023 survey on buy now pay later (BNPL) services, the share of BNPL users from Gen Z and Gen Y was the highest out of the four generations. In July 2022, 70 percent of Gen Z respondents and 69 percent of Gen Y respondents stated to have used BNPL in the past six months. The usage of BNPL plans among the Baby Boomer generation was well below the other generations, but peaked in April 2023, when 15 percent of respondents of that generation indicated to have used BNPL services.
Usage of buy now pay later (BNPL) services in the last 6 months in Australia from January 2020 to April 2023, by generation
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Other statistics that may interest you Buy Now, Pay Later (BNPL) in Australia
Overview
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- Premium Statistic Buy now, pay later (BNPL) share in e-commerce in 41 countries worldwide 2016-2023
- Premium Statistic Most used in-store (POS) payment methods in Australia 2017-2023, with 2027 forecast
- Premium Statistic Most offered digital payment methods among businesses Australia 2022
- Premium Statistic Share of online payment methods used Australia 2023, by brand
BNPL usage
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- Premium Statistic Share of adults having used BNPL services Australia 2020-2023
- Premium Statistic Usage of BNPL services Australia 2020-2023, by generation
- Premium Statistic Share of adults who paid a BNPL late fee Australia 2020-2023
- Premium Statistic Usage of BNPL for essential expenses in Australia 2023, by item
BNPL providers
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- Premium Statistic Market capitalization of BNPL companies listed on the ASX in Australia Sep 2023
- Premium Statistic Usage of buy now pay later services in Australia 2022, by company
- Premium Statistic Quarterly Afterpay penetration, online or offline, in Australia 2020-2023
- Premium Statistic Quarterly Klarna penetration, online or offline, in Australia 2022-2023
- Premium Statistic Merchants who use Zip for buy now, pay later in 17 countries worldwide 2024
Consumer habits
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- Premium Statistic Awareness of buy now pay later services in Australia 2022, by company
- Premium Statistic Share of personal debt in Australia November 2019-2023, by type
- Premium Statistic Average BNPL debt Australia 2021-2023
- Premium Statistic Average value of late fees paid by BNPL users Australia 2020-2023
- Premium Statistic Opinion on cost of living leading to more BNPL usage for essentials in Australia 2023
- Premium Statistic Opinion on regulation of BNPL in Australia 2023
Further Content: You might find this interesting as well
finder.com. (June 15, 2023). Usage of buy now pay later (BNPL) services in the last 6 months in Australia from January 2020 to April 2023, by generation [Graph]. In Statista. Retrieved May 28, 2024, from https://www.statista.com/statistics/1414900/australia-usage-of-bnpl-services-by-generation/
finder.com. "Usage of buy now pay later (BNPL) services in the last 6 months in Australia from January 2020 to April 2023, by generation." Chart. June 15, 2023. Statista. Accessed May 28, 2024. https://www.statista.com/statistics/1414900/australia-usage-of-bnpl-services-by-generation/
finder.com. (2023). Usage of buy now pay later (BNPL) services in the last 6 months in Australia from January 2020 to April 2023, by generation. Statista. Statista Inc.. Accessed: May 28, 2024. https://www.statista.com/statistics/1414900/australia-usage-of-bnpl-services-by-generation/
finder.com. "Usage of Buy Now Pay Later (Bnpl) Services in The Last 6 Months in Australia from January 2020 to April 2023, by Generation." Statista, Statista Inc., 15 Jun 2023, https://www.statista.com/statistics/1414900/australia-usage-of-bnpl-services-by-generation/
finder.com, Usage of buy now pay later (BNPL) services in the last 6 months in Australia from January 2020 to April 2023, by generation Statista, https://www.statista.com/statistics/1414900/australia-usage-of-bnpl-services-by-generation/ (last visited May 28, 2024)
Usage of buy now pay later (BNPL) services in the last 6 months in Australia from January 2020 to April 2023, by generation [Graph], finder.com, June 15, 2023. [Online]. Available: https://www.statista.com/statistics/1414900/australia-usage-of-bnpl-services-by-generation/