BNPL providers can set credit assessment plans affordability assessment model


A look back: The front cover of ‘The Star’ March 10 issue

KUALA LUMPUR: Buy-now-pay-later (BNPL) credit service providers have the freedom to set any affordability assessment model as long as it aligns with the proposed set of standards.

Bank Negara Malaysia assistant governor Abu Hassan Alshari Yahaya said several mechanisms have been discussed with the service providers to better regulate BNPL schemes under the Consumer Credit Bill 2025.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
junbnm210325 - with pix

Next In Nation

Penang Hill funicular disruption due to power distribution issue, says PBBPP
Suspected explosives found on Nilai bomb maker at time of arrest
Floods: Situation in Terengganu improves
Six Orang Asli settlements in Kelantan identified as prone to natural disasters in monsoon season
No letters to EC from Perlis Speaker on vacancies yet, claims source
Perlis constitution allows by-elections if majority is affected, says former EC chair
Nilai bomb maker nabbed in Mantin
18-year-old loses nearly RM60,000 to prize scam syndicate
Dead man found trapped in culvert in Tapah
Man arrested for misusing another person’s MyKad to redeem Budi95

Others Also Read