KUALA LUMPUR, Jan 27 — Outstanding ‘Buy Now, Pay Later’ (BNPL) loans in Malaysia stood at RM4.9 billion as of December 31, 2025, accounting for 0.3 per cent of the country’s total household debt, said Deputy Finance Minister Liew Chin Tong.
Its transactions totalled 243 million in 2025, with an aggregate value of RM21.3 billion, marking sharp increases of 66 per cent and 78 per cent, respectively, from 146 million transactions worth RM12 billion in 2024.
"As of December 31, overdue BNPL loans remained manageable at RM160.2 million, or 3.3 per cent of total BNPL lending. These figures indicate that BNPL users’ debt burden is under control,” he said during a Special Chamber session in the Dewan Rakyat on Tuesday.
Liew was responding to Batu Gajah MP Sivakumar Varatharaju on the ministry’s measures to assess the effectiveness of the existing regulatory framework governing digital credit facilities, including BNPL schemes and e-wallet credit, in safeguarding the interests of youth.
On youth participation, he said the group accounted for about 40 per cent of total BNPL transactions.
The deputy minister added that BNPL is generally used for purchases of food, groceries, transport, and services, with an average transaction value of RM91.
Liew cited a study by the Consumer Credit Oversight Board Task Force, which revealed that more than 70 per cent of active BNPL users were from the lower-income group, or B40.
