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KUALA LUMPUR, March 12 (Bernama) -- Buy now, pay later (BNPL) use among Malaysian youth raises concern as those aged 30 and below make up about 40 per cent of BNPL transactions in the country, Deputy Finance Minister Liew Chin Tong said.
KUALA LUMPUR, March 9 (Bernama) -- The Consumer Credit Commission (SKP) has announced the appointment of former Bank Negara Malaysia (BNM) assistant governor Abu Hassan Alshari Yahaya as its executive chairman to lead the first leadership line-up following the enforcement of the Consumer Credit Act 2025 on March 1, 2026.
KUALA LUMPUR, March 2 (Bernama) -- The risk associated with consumer loans under the Buy Now, Pay Later (BNPL) scheme remains under control and is expected to stay at 0.3 per cent of Malaysia’s total household debt, according to the Ministry of Finance (MOF).
PUTRAJAYA, March 2 (Bernama) -- Credit providers and credit service providers are required to meet licensing requirements and register with the Consumer Credit Commission (CCC) effective June 1, 2026, in line with the Consumer Credit Act 2025 (Act 873) (CCA).
KUALA LUMPUR, Dec 3 (Bernama) -- The total buy now pay later (BNPL) scheme loans as of Sept 30, 2025 were RM4.2 billion covering seven million active account holders in the country, comprising 0.3 per cent of the total household indebtedness in Malaysia.
PUTRAJAYA, Sept 5 (Bernama) -- The Consumer Credit Act 2025 (RUUKP) is expected to be gazetted by the end of this year, providing a more comprehensive protection for consumers through the regulation of excessive charges and the enforcement of ethical debt collection practices.
KUALA LUMPUR, Aug 7 (Bernama) -- A total of 168,967 'Buy Now Pay Later' (BNPL) account holders, or 2.6 per cent of the total 6.5 million users, had outstanding balances as at June 30, 2025, said Deputy Finance Minister Lim Hui Ying.
KUALA LUMPUR, Aug 4 (Bernama) -- Buy Now, Pay Later (BNPL) facilities remain under control, but regulatory measures are being strengthened to protect consumers through the Consumer Credit Act 2025 (CCA).
KUALA LUMPUR, July 21 (Bernama) -- The Consumer Credit Bill 2025 was passed in the Dewan Rakyat today to protect the interests of credit consumers in the country.
KUALA LUMPUR, July 21 (Bernama) -- The volume of “buy now, pay later” (BNPL) transactions has increased from 83.8 million in the second half (2H) of 2024 to 102.6 million in the first half (1H) of this year.
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.
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.
