KUALA LUMPUR, Oct 13 — 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 BNPL transactions in Malaysia, said the Finance Ministry (MOF).
In a written reply published on the Parliament website today, it said the total number of BNPL transactions in Malaysia during that period was 173.9 million, valued at RM14.7 billion, with youths contributing 36.7 per cent of the total transaction value.
As of June 30, 2026, the outstanding BNPL financing balance for this demographic stood at RM2.4 billion, while non-performing financing amounted to RM96.8 million, or 4.0 per cent of the outstanding balance.
The MOF was replying to Kuala Nerus MP Datuk Dr Alias Razak's query on measures the Consumer Credit Commission has taken to protect young people from excessive indebtedness through BNPL schemes, including a comprehensive assessment of consumers' credit commitments.
