Lower-income Malaysians make up 70% of BNPL users as financing hits RM6.6b
LOWER-income earners make up about 70 per cent of active Buy Now, Pay Later (BNPL) users in Malaysia, while young people account for nearly 40 per cent of usage, highlighting the importance of safeguards against excessive borrowing as the financing s...
Lower-income Malaysians make up 70% of active Buy Now, Pay Later (BNPL) users in Malaysia, according to data from the Finance Ministry. The outstanding financing totalled RM6.6 billion as of June 30, 2026. Young people accounted for nearly 40% of BNPL usage. BNPL transactions rose by 23.9% in the first half of 2026, with a total of 173.9 million transactions, compared to 140.4 million in the second half of 2025.
The total value of BNPL transactions increased by 22.5% to RM14.7 billion. Despite the growth, unpaid BNPL amounts were only 3.3% of the total outstanding financing, described by the ministry as manageable.
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