RM9.3 Billion in BNPL Deals Spark Concern Over Low-Income Borrowers

Malaysia saw a sharp rise in “Buy Now, Pay Later” (BNPL) transactions, from 83.8 million in 2H 2024 to 102.6 million in 1H 2025, with total value increasing by 31% to RM9.3 billion. Deputy Finance Minister Lim Hui Ying warned of debt risks, especially for low-income groups.

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RM9.3 Billion in BNPL Deals Spark Concern Over Low-Income Borrowers

To protect credit consumers, the government will establish the Consumer Credit Commission (SKP) under the upcoming Consumer Credit Act.

Lim, tabling the Consumer Credit Bill 2025 for its second reading, said the bill aims to regulate unlicensed players and ensure responsible lending. The SKP will set licensing standards and advise on credit policy.