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

Malaysian Finance Ministry reveals that individuals aged 30 and under have conducted 65.9 million Buy Now, Pay Later (BNPL) transactions totaling RM5.4 billion during the first half of 2026, making up 37.9% of all BNPL transactions in the country, according to the Ministry of Finance (MoF). In a written response to a parliamentary inquiry, the MoF disclosed that Malaysia witnessed a total of 173.9 million BNPL transactions worth RM14.7 billion during the same period, with youth participants accounting for 36.7% of the overall transaction value.

As of June 30, 2026, the outstanding BNPL financing balance for this age group totals RM2.4 billion, while non-performing financing amounts to RM96.8 million, comprising 4.0% of the outstanding balance. The MoF addressed questions from Datuk Dr Alias Razak (Kuala Nerus-PN) concerning the Consumer Credit Commission's efforts to safeguard young people from excessive indebtedness via BNPL schemes, including the thorough evaluation of consumers' credit commitments.