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KUALA LUMPUR, March 24 (Bernama) -- Buy now, Pay Later (BNPL) activity has grown rapidly, although the total outstanding BNPL debt remained a small proportion of overall household debt at RM2.8 billion or 0.2 per cent as of December 2024.
PUTRAJAYA, March 23 (Bernama) -- Consumers’ ability to repay debt from 'Buy Now, Pay Later' (BNPL) facilities is increasingly a concern, especially with the significant growth in BNPL transactions in Malaysia, thus raising concerns about the risks of high indebtedness and the importance of financial literacy.
By Zairina Zainudin
KUALA LUMPUR, March 21 (Bernama) -- The Consumer Credit Oversight Board (CCOB) task force aims to have the Consumer Credit Bill 2025 gazetted by the end of this year, said Bank Negara Malaysia Assistant Governor Abu Hassan Alshari Yahaya.
KUALA LUMPUR, March 11 (Bernama) -- Local consumer 'buy now, pay later' (BNPL) transactions surged in the second half (2H) of 2024, reaching RM7.1 billion, up from RM4.9 billion in the first half, said Finance Minister II, Datuk Seri Amir Hamzah Azizan.
KUALA LUMPUR, Oct 19 (Bernama) -- The Consumer Credit Act (CCA), to be tabled in the next parliamentary sitting, will address overlaps in responsibilities between regulatory authorities and reduce coverage gaps in the supervision of consumer credit providers, Bank Negara Malaysia (BNM) said.
KUALA LUMPUR, Oct 11 (Bernama) -- Thredd, a next-generation payments processor, reported positive third quarter (Q3) results with 2024 on track to outperform all prior years, powered by a 20 per cent increase in transactions, key global client wins, programme expansions and growth in distinct payment segments and markets.
