Rise in 'buy now, pay later' accounts puts vulnerable consumers at risk, says Finance Ministry

KUALA LUMPUR: A total of 1.4 million "buy now, pay later" (BNPL) accounts have been registered by credit providers in just the first six months of 2025, says Deputy Finance Minister Lim Hui Ying.

She said that the drastic growth of BNPL accounts poses a risk to vulnerable credit consumers, particularly those without fixed incomes or with poor financial literacy.