Why Are 3.7 Million Malaysians Choosing BNPL Over Traditional Credit?

Quick Summary:

BNPL Malaysia accountholders currently stand at 3.7 million customers according to the Consumer Credit Oversight Board Task Force (CCOB), and its rapid growth isn’t just a number.

BNPL is becoming the go-to solution for payment flexibility, challenging traditional credit models.

It’s a seismic shift in consumer behaviour and retail dynamics.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Annette Rowena

Category: StartupsBusinessTechnology

Markets: MalaysiaSingapore

Topics: Grab Atome Personal Finance Mgt (PFM) Shopee BNPL

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-06 @ 08:34:58 (6 days ago)

News Timezone: GMT +8:00

News Source URL: fintechnews.my

Language: English

Article Length: 557 words

Reading Time: 4 minutes read

Sentences: 33 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fintech News Malaysia

News ID: 24373014

View Article Analysis

About Fintech News Malaysia

Main Topics: StartupsBusinessTechnology

Official Website: fintechnews.my

Update Frequency: 4 posts per day

Year Established: 2017

Headquarters: Malaysia

News Last Updated: 13 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #74

Publisher Details

Frequently Asked Questions