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.