BNPL Growth in Malaysia: Insights and Implications for Consumers

BNPL Growth in Malaysia: Insights and Implications for Consumers

Just RM600 per person and over 97 percent paying their BNPL loans

I would have thought the number to be higher but RM600 per person is definitely within control if you ask me. It’s merely RM50 per month on a yearly basis. This is why I think the unpaid balances are only 185,456 account holders versus total 7 million active account holders. This is just 2.65 percent of everyone having a BNPL account. Over 97 percent of all account holders are paying their BNPL loans. Malaysians, you deserve my respect. You remain very responsible even as you buy things you love.

Read here for the details:

sinardaily.my The total value of buy now, pay later (BNPL) scheme loans in Malaysia reached RM4.2 billion as of September 30, 2025.

Deputy Finance Minister Lim Hui Ying said the amount covered seven million active account holders, representing 0.3 per cent of total household indebtedness.

She stated that unpaid or overdue BNPL loans amounted to RM147.7 million, which is 3.5per cent of the total BNPL loan portfolio.

“For the same period, there were 185,465 BNPL account holders with unpaid balances,” Lim said in a parliamentary reply. sinardaily.my

BNPLs around the world?

In America, it is also considered still manageable and nowhere near a crisis.

In Singapore, more young Singaporeans are buying BNPL for daily spending too.

In Australia, the growth is projected at around 15 percent per annum

Using BNPL can give us flexibility

Sometimes, there are things which if we save money for many months, we could afford it. However, saving for a few months is not a great idea because a few months down the road, maybe the next next model could be out. In other words, it’s buy now and pay later so that the thing we want to buy is still at the right time and not something outdated by the time we have saved enough money. The truth is, we are just buying it earlier with BNPL and we are still able to continue paying for it every month. This is why BNPL can provide the flexibility to people who are financially disciplined.

BNPL helps companies to build their business too

Actually, BNPL also help the economy to grow too. When people are able to buy earlier versus later or never, businesses have needs to hire people, they have to reorder and businesses have to manufacture those goods. With more people having money in their bank, then they would buy more things and the economy continue to move forward. This is why governments are also open to BNPL but many are thinking about how to protect the consumers too via regulations. Do you think the government should do more to protect consumers? Or do you think this will stifle the growth of BNPL companies and it’s best to leave it to the market to decide? If you ask me, I prefer the former; governments to be more proactive versus having to pick up the mess later on.

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