KUALA LUMPUR — Buy Now, Pay Later (BNPL) facilities remain under control, but regulatory measures are being strengthened to protect consumers through the Consumer Credit Act 2025 (CCA).

Second Finance Minister Datuk Seri Amir Hamzah Azizan said the latest statistics revealed that 102.6 million BNPL transactions worth RM9.3 billion were recorded in the first half of this year, an increase of 3.1 per cent compared to RM7.1 billion in the second half of last year.

He said that the total BNPL loans as of June 30, 2025, amounted to RM3.8 billion, which is only 0.2 per cent of the total household debt in the country.

“The current amount of unpaid or overdue BNPL loans is under control, standing at RM121.8 million or 3.2 per cent of the total BNPL loans.

“BNPL is still under control, and with the new (CCA 2025) act approved, we will further enhance regulation in this sector to ensure better control in the future.

“So, in my view, at present, we have sufficient oversight regarding BNPL schemes,” he told the Dewan Rakyat during today’s question-and-answer session.

He was responding to a supplementary question from Datuk Awang Hashim (PN-Pendang), who inquired whether the government is prepared to classify certain BNPL schemes as credit risks for society and impose usage limits on specific products such as staple foods or household necessities to prevent debts from multiplying.