Malaysia’s Buy Now, Pay Later Transactions Reach RM14.7 Billion

Kuala Lumpur, 20 October 2026 – Malaysia recorded 173.9 million buy now, pay later transactions worth RM14.7 billion in the first half of 2026, Parliament was told. Transaction volume rose 23.9% from 140.4 million in the second half of 2025, while value increased 22.5% from RM12.0 billion. The figures show rapid usage growth over consecutive six-month periods, not an annual comparison.

For financial institutions, merchants and investors, the expansion demonstrates strong demand for short-term digital credit but also increases the importance of affordability checks and portfolio disclosure. Confirmed transaction data describe activity, not profit or credit quality. Analysis of the sector should therefore distinguish payment volume from outstanding financing, and user convenience from the risk that repeated small obligations become difficult to manage.