BNPL Growth in Malaysia: Insights and Implications for Consumers

The buy now, pay later (BNPL) scheme in Malaysia has reached RM4.2 billion, with over 97% of 7 million users managing their loans responsibly. This reflects a small unpaid balance of RM147.7 million, indicating manageable debt levels. BNPL offers consumers flexibility while also supporting economic growth, though regulation may be necessary for consumer protection.