In a survey conducted among financial advisors in Australia in 2023, around 62 percent of respondents agreed that cost of living pressures had led to more clients using buy now, pay later for essential expenses than in the past. Just two percent of respondents disagreed with this statement.
Opinion on cost of living pressures leading to increase in buy now, pay later (BNPL) usage for essential expenses in Australia as of May 2023
Basic Account
Get to know the platform
You only have access to basic statistics.
This statistic is not included in your account.
Starter Account
The ideal entry-level account for individual users
- Instant access to 1m statistics
- Download in XLS, PDF & PNG format
- Detailed references
$199 USD / Month *
Professional Account
Full access
Business Solutions including all features.
* Prices do not include sales tax.
Other statistics that may interest you Buy Now, Pay Later (BNPL) in Australia
Overview
4
- 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
4
- 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
5
- 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
6
- 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
Financial Counselling Australia. (July 23, 2023). Opinion on cost of living pressures leading to increase in buy now, pay later (BNPL) usage for essential expenses in Australia as of May 2023 [Graph]. In Statista. Retrieved May 27, 2024, from https://www.statista.com/statistics/1413855/australia-bnpl-usage-for-essential-expenses-due-to-cost-of-living/
Financial Counselling Australia. "Opinion on cost of living pressures leading to increase in buy now, pay later (BNPL) usage for essential expenses in Australia as of May 2023." Chart. July 23, 2023. Statista. Accessed May 27, 2024. https://www.statista.com/statistics/1413855/australia-bnpl-usage-for-essential-expenses-due-to-cost-of-living/
Financial Counselling Australia. (2023). Opinion on cost of living pressures leading to increase in buy now, pay later (BNPL) usage for essential expenses in Australia as of May 2023. Statista. Statista Inc.. Accessed: May 27, 2024. https://www.statista.com/statistics/1413855/australia-bnpl-usage-for-essential-expenses-due-to-cost-of-living/
Financial Counselling Australia. "Opinion on Cost of Living Pressures Leading to Increase in Buy Now, Pay Later (Bnpl) Usage for Essential Expenses in Australia as of May 2023." Statista, Statista Inc., 23 Jul 2023, https://www.statista.com/statistics/1413855/australia-bnpl-usage-for-essential-expenses-due-to-cost-of-living/
Financial Counselling Australia, Opinion on cost of living pressures leading to increase in buy now, pay later (BNPL) usage for essential expenses in Australia as of May 2023 Statista, https://www.statista.com/statistics/1413855/australia-bnpl-usage-for-essential-expenses-due-to-cost-of-living/ (last visited May 27, 2024)
Opinion on cost of living pressures leading to increase in buy now, pay later (BNPL) usage for essential expenses in Australia as of May 2023 [Graph], Financial Counselling Australia, July 23, 2023. [Online]. Available: https://www.statista.com/statistics/1413855/australia-bnpl-usage-for-essential-expenses-due-to-cost-of-living/