Buy Now, Pay Later (BNPL) schemes remain under control, with total loans standing at RM3.8 billion—only 0.2% of household debt—but the government is boosting regulation through the Consumer Credit Act 2025.
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RM9.3 Billion BNPL Transactions Recorded, But Risk ‘Under Control’
Second Finance Minister Amir Hamzah Azizan told Parliament that unpaid BNPL loans were at a manageable 3.2%, or RM121.8 million. The newly formed Consumer Credit Commission (CCC) is reviewing interest caps and Shariah-compliant models.
BNPL interest rates currently range between 15%–30% per annum. Future regulations will include responsible lending requirements to prevent debt traps, especially among youths, while promoting financial literacy to mitigate overdependence on deferred payment schemes.
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