Malaysia records 173.9 million Buy Now Pay Later transactions worth RM14.7 billion in the first half of 2026
19 October 2026
Prime Minister and Finance Minister Anwar Ibrahim told Parliament on 19 October 2026 that Buy Now Pay Later (BNPL) transactions in Malaysia rose 23.9 per cent to 173.9 million in the first half of 2026, from 140.4 million in the second half of 2025.
The value of those transactions rose 22.5 per cent to RM14.7 billion, from RM12 billion.
Active BNPL account holders rose 22.7 per cent to 9.2 million as at 30 June 2026.
Total outstanding BNPL financing stood at RM6.6 billion, with arrears of RM220.4 million, or 3.3 per cent of the outstanding balance.
Anwar said young people accounted for almost 40 per cent of all BNPL transactions, and a Consumer Credit Commission survey found low-income groups made up about 70 per cent of active BNPL users.
The Consumer Credit Commission regulates BNPL providers under the Consumer Credit Act 2025 (Act 873) and requires them to carry out creditworthiness and affordability assessments before approving financing.
In plain words
BNPL Buy Now Pay Later — A short-term credit arrangement that lets a buyer pay for a purchase in instalments.
SKP Consumer Credit Commission — The Malaysian body that licenses and supervises non-bank credit providers.