Buy Now Pay Later use is surging in Malaysia. Transactions jumped to 243 million last year, worth more than 21 billion ringgit, with outstanding BNPL borrowing now close to 5 billion ringgit. Young people and lower income households make up a big share of users, even as overdue loans remain relatively low. Wan Amirah Wan Usamah, Research Associate, Khazanah Research Institute explains what this rapid growth really means.

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Image Credit: Shutterstock.com

Produced by: Agnes Ong

Presented by: Wong Shou Ning, Philip See

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Categories:  financial wellness

Tags:  flyemirates,  buy now pay later,  borrowing,  loans,  risk appetite,  personal finance,