Govt to regulate 'Buy Now Pay Later' schemes with proposed Consumer Credit Act, Dewan Rakyat told

KUALA LUMPUR: New laws will be introduced to regulate and monitor "Buy Now, Pay Later" (BNPL) schemes, says Deputy Finance Minister II Yamani Hafez Musa(pic).

He added that this will be done through the enactment of the Consumer Credit Act in 2022, which aims to strengthen regulatory arrangements for all consumer credit activities, including providers of BNPL schemes.