Adoption of digital payments, e-commerce among consumers and merchants, and the entry of global players are driving the Malaysia BNPL Market – Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit 1. Changing Consumer Preferences as a Result of COVID-19 and Growing E-commerce Adoption are the Driving Forces Behind BNPL Market in Malaysia. For more information, Request a Free Sample Report With a CAGR of 60.5% from 2019 to 2022, the Malaysian buy now pay later market is growing. The market is fueled by shifting customer preferences toward alternative payment mechanisms like BNPL, which the COVID-19 Pandemic brought about in order to encourage savings. Increased vendor acceptance and the growth of e-commerce transactions helped the nation’s BNPL market even more. In order to boost its uptake, Malaysian BNPL service providers have teamed with a number of e-commerce platforms. To boost their transaction volume, they continue to collaborate with e-commerce businesses while also focusing on other sectors like lifestyle, food, etc. Furthermore, BNPL Players were able to seize this chance and provide credit services because there was less credit penetration. 2. Consumer default risk, industry competition, a lack of BNPL-specific regulations, and credit rating verification all pose significant obstacles to Malaysia’s BNPL market’s growth. Visit A link Request for Custom Report Issuers of BNPL services took on the risk of being unable to recoup loan amounts if customers failed to repay on time. Despite the carry forward fee being associated with the late amounts, it may continue to grow on the consumer’s end. However, the hazards associated with the local competitiveness are very substantial. The market is really cutthroat. Because there are just a few significant companies operating in the landscape, other players cannot operate in the market solely by enforcing their status as BNPL players. Additionally, the industry as a whole allows access to credit lines without any safeguards against consumer overspending, which inevitably results in debt traps and is neither overseen or supported by any financial regulator. Being able to entice people to spend more than they can afford makes it one of the key issues confronted. BNPL providers, however, rely on reliable identification verification networks, in-house credit scoring systems, and a robust consumer credit culture. On the other hand, growing personal debt is not well regarded. 3. The COVID-19 Pandemic, Rising Retail Adoption, Younger Population and Limited Access to Credit are Acting as Catalysts for Growth of BNPL Market in Malaysia. To more about industry trends, Request a Free Expert Call COVID-19 Pandemic promoted greater consumer acceptance of digital technology. Due to BNPL modifying how purchases are made even after COVID-19, customers are also becoming less price-sensitive. Additionally, the pandemic’s rapid e-commerce growth presents a significant opportunity because of the rise in online payments. This, together with the massive acceptance of BNPL giants in retail and the general population, is a key growth driver for the BNPL business in the region. Furthermore, the existence of tech-savvy, cost-conscious, and mobile-first consumers is a major factor in the rapid expansion of BNPL in Malaysia. A significant portion of Malaysia’s adult population is also underbanked or unbanked, giving them little credit choices. Thus, BNPL players have the chance to give customers access, particularly in industries with low credit availability and significant entry barriers. For more insights on the market intelligence, refer to the link below Malaysia Buy Now Pay Later Market Growth Related Reports by Ken Research: South Africa Buy Now Pay Later Market Outlook to 2027F KSA Buy Now Pay Later Market Outlook to 2027 Tags: BNPL Major Player Investment Analysis, buy now pay later apps Malaysia, Buy Now Pay Later Services Providers, Cashew Company Profile, Digital Payments Market Size in Malaysia, FinTech Startup In Malaysia, Installment Without Credit Card in Malaysia, Lending institutions in Malaysia, Malaysia BNPL Challenges, Malaysia BNPL Market Size, Malaysia BNPL Transactions Market Size, Malaysia Buy Now Pay Later Business, Malaysia buy now pay later market growth, Malaysia-based buy now- pay later provider, MY IOU Malaysia Market Capture, pay later online shopping in Malaysia, Saudi BNPL fintech Companies, Shop back Malaysia Portfolio