Buy Now Pay Later has become the default payment method for millions of Malaysian consumers, promising instant approval and zero friction at checkout. But that is changing, and the new Consumer Credit Act is rewriting the rules. 

Johnson Hong and Lo Khai Yi, partners at Halim Hong & Quek, discuss new legal requirements placed on BNPL providers, shoppers, and its impact on the broader consumer finance landscape.

<p>Buy Now Pay Later has become the default payment method for millions of Malaysian consumers, promising instant approval and zero friction at checkout. But that is changing, and the new Consumer Credit Act is rewriting the rules. </p><p>Johnson Hong and Lo Khai Yi, partners at Halim Hong &amp; Quek, discuss new legal requirements placed on BNPL providers, shoppers, and its impact on the broader consumer finance landscape.</p>

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Ringgit and Sense

We explore financial themes and help you make sense of the world of finance. From setting financial goals, managing finances, investing and understanding the various issues that affect our wallets. Ringgit and Sense wants to help you understand personal risk profiles, realistic investment horizons, retirement planning, managing education loans and health insurance plans, as well as breaking down the various personal finance products that are available.