Finance Ministry: Malaysians under 30 rack up RM5.4b in BNPL transactions in first half of 2026

The Finance Ministry of Malaysia reported that young people aged 30 and below made 65.9 million Buy Now, Pay Later (BNPL) transactions worth RM5.4 billion in the first half of 2026, representing 37.9% of total BNPL transactions in the country. These transactions accounted for 36.7% of the total transaction value, which reached RM14.7 billion.

As of June 30, 2026, the outstanding BNPL financing balance for this demographic was RM2.4 billion, with non-performing financing amounting to RM96.8 million, or 4.0% of the outstanding balance. The ministry responded to a question from Datuk Dr Alias Razak regarding measures taken by the Consumer Credit Commission to protect young people from excessive indebtedness through BNPL schemes, highlighting the comprehensive assessment of consumers' credit commitments.

Brief written by urgent.news from Malay Mail's own syndicated text. Machine-written — may contain errors; check the original before relying on it.