Legislation to establish consistent regulatory framework for credit industry players

Broader powers enable Consumer Credit Commission to safeguard consumers, says deputy minister

Despite a RM9.3 billion BNPL growth, MOF reports strong repayment habits and minimal default risk

Debt remains manageable as users generally exhibit good financial discipline, says Lim

Lim Hui Ying says figure is 0.2 pct of nation’s total household dues

KUALA LUMPUR, Oct 21 — The first day of the policy-level debate on the Supply Bill 2025 in Dewan Rakyat today saw MPs raise various issues, including those related to financial schemes, cyber security, and education.

KUALA LUMPUR, July 12 — The credit exposure, or total outstanding balance, of the Buy Now Pay Later (BNPL) industry stood at RM1.42 billion in the first quarter, an increase of 34 per cent from the end of 2023.

KUALA LUMPUR, Aug 9 — These days, buy now, pay later (BNPL) services are a dime a dozen online and fast gaining ground among consumers – the younger segment in particular – with a host of mobile applications to that effect readily available for downloading.

KUALA LUMPUR, Aug 7 — The move to regulate the Buy Now, Pay Later (BNPL) facility is timely and among the issues that need to be addressed is the amount of credit an individual can take, said economic expert Professor Datuk Dr Shazali Abu Mansor.

KUALA LUMPUR, Aug 5 — The Buy-Now-Pay-Later (BNPL) services have emerged as an appealing payment and funding solution for many amid its exponential growth, which makes it vital for it to be regulated for the betterment of consumers, lenders as well as avoid any potential risk to the financial system, said experts.