Regulate now, live easy later

Most BNPL users use the service to spread out their cash flow and break down purchases into more palatable payments. They often look to BNPL as they need smaller lines of credit to afford necessities. — Photo: GLENN GUAN/The Star

“BUY Now, Pay Later” or BNPL has a bad reputation in Malaysia. Online searches reveal mostly negative headlines while financial education experts are concerned about easy access to credit.

With millions of transactions worth billions of ringgit, BNPL’s concept of short-term financing contrasts starkly with good financial habits.