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Maroc Maroc - ASIANEWSDAY.COM - A la Une - 20/Jun 23:00

As pay-later use surges, Bank Negara sees new laws soon to rein in wanton lending

KUALA LUMPUR, June 21 — The rapid growth of “buy now, pay later” (BNPL) schemes here has moved Bank Negara Malaysia to directly regulate the industry, with proposed laws to increase consumer protection against the risks of unfettered borrowing. Over the past year alone, BNPL transactions have also nearly doubled, going from just around 17 […]

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