BNPL, Does It Need Policing?
Dato' Paul Selvaraj, CEO, Federation of Malaysian Consumers Associations (FOMCA)
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The Malaysia Buy Now Pay Later (BNPL) market is expected to have a compounded annual growth rate of 35% between 2022 and 2028. But concerns are growing that these schemes contribute to high debts levels among the vulnerable. Dato Paul Selvaraj, CEO, Federation of Malaysian Consumers Associations (FOMCA) tells us what policy measures should be considered to rein this issue in before it becomes a serious problem for Malaysians.
Image credit: Shutterstock
Produced by: Sim Wie Boon
Presented by: Wong Shou Ning, Chong Tjen San, Shazana Mokhtar
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