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Mozo experts choice awards 2023 buy now pay later

Buy Now Pay Later Mozo Experts Choice Awards 2023

Congratulations to the 2023 winners of Mozo Experts Choice Awards for Buy Now Pay Later.

See the winners

Stats crunched by Mozo Experts

  • 14
    Buy Now Pay Later Services
  • 18
    Credit Card Payment Plans
  • 3
    Award Categories
View methodology report

If you're a shopaholic who wants your purchases now but prefers to pay later, then the winners of the 2023 Mozo Expert Choice Awards for Buy Now Pay Later could be right up your alley. Whether you’re using Buy Now Pay Later for small purchases like fashion or homewares, larger ticket items or paying your bills, our Experts have done the detailed analysis and revealed the services that stood out from the rest.


Standout Winners

Mozo experts choice awards 2023 buy now pay later

Small Purchases

Citi’s Spot. Buy Now Pay Later has taken an award win for the first time in this competitive category. While many Buy Now Pay Later services facilitate purchasing goods for small amounts and making repayments, the absence of late fees made this stand out from the rest. Spot. can be used at every retailer that accepts Mastercard. NAB entered into the Buy Now Pay Later space with its NAB Now Pay Later service. NAB’s no upfront, ongoing or late fees gave it an advantage in the assessment for small purchases. The service also comes with a Visa card which can be used for retail purchases.

Congratulations to:

Citi and NAB

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Mozo experts choice awards 2023 buy now pay later

Major Purchases

For larger purchases with longer repayment periods, Humm won with their Big Things product for an impressive third year in a row. Humm Big Things allows for purchases at a wide range of retailers. It has longer repayment periods and can be used for larger purchases than most BNPL services. The ongoing fees are competitive and the late fees are reasonable.

Congratulations to:

humm

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Mozo experts choice awards 2023 buy now pay later

Credit Card Payment Plan

Having a credit card with a payment plan attached allows customers to take advantage of an ongoing credit line, as well as a Buy Now Pay Later service. Bringing this added flexibility to credit cards, Bankwest Easy Instalments offer a low cost option to customers without charging any additional fees or interest.

Congratulations to:

Bankwest

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What are the Mozo Experts Choice Awards?

Now in their tenth year, the Mozo Experts Choice Awards present an opportunity to highlight products in the market we believe offer great value to Australians.

For the 2023 Buy Now Pay Later awards, we analysed 32 Buy Now Pay Later and Credit Card Payment Plan providers. 

“Each year, more and more Buy Now Pay Later providers are popping up, making choosing the right provider for you a difficult decision,” said Mozo Experts Choice Awards Judge Peter Marshall. 

“This year, we analysed 32 Buy Now Pay Later and Credit Card Payment Plan providers in this award’s category, with the aim to compare key features and costs to uncover those who are likely to be the best for everyday Australians.”

For details on how we crunched the numbers and determined our winners, see the 2023 Mozo Experts Choice Buy Now Pay Later Awards methodology report.


Our Expert Judges

We couldn’t have a name like the Mozo Experts Choice Awards without a dedicated and experienced team of product data analysts at the helm. Combined they have decades of experience behind them. Meet them below.

  • Judge ajduncan

    AJ Duncanson

  • Judge peter

    Peter Marshall

  • Judge meredith

    Meredith Allan

  • Judge george

    George Hirst

  • Judge rumpa

    Rumpa Saha

  • Judge afia

    Afia Asha

FAQs

How does Buy Now Pay Later work?

When you sign up to a Buy Now Pay Later service and are approved, you can either link your debit or credit card to your account. From there, you will be allocated an account limit, a fixed repayment schedule for future purchases and have access to the app where you can manage and make your repayments.

To use it at the checkout, all you need to do is select Buy Now Pay Later as your payment method. If you are shopping online, you may be redirected to the service provider’s website to complete your purchase. And if you’re choosing to use it in-store, you may need to make your purchase via a purchase code on the company’s app.

Your repayments are then automatically deducted from your nominated bank account or card, though many providers also give you the option to make your repayments earlier.

What’s the Judging Criteria for the Mozo Experts Choice Awards?

Running since 2014, the Mozo Experts Choice Awards recognise products that deliver exceptional value or benefits to consumers. See our Mozo Experts Choice Buy Now Pay Later Awards methodology report for detailed information on how we performed product comparisons and determined the final Buy Now Pay Later Award winners for 2022.

Did you compare all Buy Now Pay Later services in the market for these awards?

For the Mozo Experts Choice Buy Now Pay Later Awards, our judges analysed a list of 23 service providers operating in Australia. We don’t require companies to ‘enter’ our awards; instead we research the market to identify as wide a range of services as we can. But we may not have captured every BNPL provider in the market.

Who are the Mozo Experts?

The Mozo Experts Choice Awards are overseen by AJ Duncanson and Peter Marshall. AJ is Mozo’s Data Director, a data scientist and actuary who has worked in financial services and product comparison for over 30 years. Peter has been in the industry even longer, and as Research Manager he leads the team of analysts that gather information and compare products every day, and perform all the calculations behind the Mozo Experts Choice Awards.

I work for a Buy Now Pay Later provider, how do we promote our win?

Please get in touch with us to discuss by email should you have any queries.