Malaysian BNPL Users Surge to Eight Million, Accumulated Balance Hits RM5.3 Billion

The 'buy now, pay later' (BNPL) sector in Malaysia has seen significant growth, with the number of active account holders reaching eight million in the first quarter of 2026. Prime Minister Datuk Seri Anwar Ibrahim announced the figures, highlighting the increasing adoption of these payment facilities.

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The number of account holders or active users of 'buy now, pay later' (BNPL) facilities increased to eight million for the first quarter of 2026.

Alongside the rise in users, the total accumulated balance for BNPL services reached RM5.3 billion. This substantial figure underscores the growing reliance on BNPL options for consumer purchases across the country. The Prime Minister also provided details on the sector's financial health, noting that the amount of unpaid debt stood at RM181 million.

This unpaid amount represents 3.4 percent of the total accumulated balance. While the figure indicates a relatively low default rate, it remains a key metric for monitoring the stability and risks associated with the expanding BNPL market. The government's focus on these numbers suggests an ongoing effort to understand and manage the financial implications of widespread BNPL usage.

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In the same period, the total accumulated BNPL balance reached RM5.3 billion.

The increasing popularity of BNPL services reflects a broader trend in consumer finance, offering consumers greater flexibility in managing their purchases. However, it also necessitates careful monitoring to ensure financial sustainability and responsible lending practices within the sector.

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The unpaid amount recorded was valued at RM181 million or 3.4 percent of the accumulated balance.