Australia BNPL Market to Reach $18.34 Billion in 2026, Expected to Grow by 17.5% Annually from 2026-2031.

The Australian Buy Now Pay Later market is expected to grow by 17.5% to reach $18.34 billion in 2026, with a forecast CAGR of 12.7% from 2026-2031. The market has experienced robust growth during 2022-2025, achieving a CAGR of 25.1%. Key players such as Afterpay, ZipPay, PayPal, and Sezzle are expected to continue to lead the market, while banks are increasing competitive pressure by embedding instalments into card products. The market is expected to see consolidation over the next 2-4 years, with players with strong capital bases and diversified channels emerging as winners.