Youths aged 30 and below rack up RM5.4bil in BNPL transactions
KUALA LUMPUR: Young people aged 30 and below recorded 65.9 million buy now, pay later (BNPL) transactions worth RM5.4 billion in the first half of 2026, accounting for 37.9 per cent of total transactions nationwide.
KUALA LUMPUR: Malaysian youths aged 30 and under completed 65.9 million buy now, pay later (BNPL) transactions totaling RM5.4 billion in the first half of 2026, making up 37.9% of all BNPL transactions across the nation. According to the Finance Ministry's written reply released on Parliament's website today, the country recorded a total of 173.9 million BNPL transactions worth RM14.7 billion during the same period. The younger age group contributed 36.7% to the overall transaction value.
As of June 30, the outstanding BNPL financing among this demographic amounted to RM2.4 billion, while non-performing financing reached RM96.8 million, representing 4% of the total outstanding balance. Responding to a query from Datuk Dr Alias Razak (Kuala Nerus-PN), the ministry addressed measures undertaken by the Consumer Credit Commission to safeguard young people from excessive indebtedness through BNPL schemes. These measures include thorough assessments of consumers' existing credit commitments.
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