Sudah bermula:Semakin ramai liat bayar Buy Now Pay Later (BNPL).Lepas ni peminjam KWSP pula...

YgBenar

KUALA LUMPUR: There is an increasing trend in missed repayments among selected larger buy-now-pay-later (BNPL) players, suggesting that such risks may be rising, Bank Negara Malaysia said in a report.

The Buy Now Pay Later (BNPL) schemes continue to target selected segments of Malaysian households with the majority of users being younger and lower-income borrowers.

Anecdotal evidence among selected larger BNPL players pointS to an increasing trend in missed repayments, suggesting that such risks may be rising, Bank Negara Malaysia (BNM) said today.

Share of BNPL users with overdue payments in the fourth quarter (4Q) of 2022 was 17 per cent; 2Q 2022: 14 per cent; and 4Q 2021: seven per cent, the central bank said in its Financial Stability Review for the second half of 2022 released here today.

“About 44 per cent of BNPL users are aged between 18 and 30 years old. More than 80 per cent of BNPL users earn less than RM3,000 a month, and therefore, are more susceptible to financial stress,” said BNM.

The relatively easier access to BNPL facilities may place users at a higher risk of spending beyond their means, without considering their ability to promptly repay the full loan amount.

Given the lack of transparency over fees and charges, particularly late payment charges and processing fees imposed under these schemes, users may also be unaware of the total amount that they must repay, it explained.

However, the financial stability risks associated with BNPL schemes remained limited as BNPL exposures accounted for only 0.05 per cent of total household debt.

Nevertheless, the BNM is cognisant of the conduct risks that BNPL poses to consumers and has taken steps to mitigate this for BNPL schemes offered by entities that are regulated by the bank.

Avert risk of over-indebtedness among young, lower-income borrowers The Ministry of Finance, BNM and the Securities Commission remain committed to expediting the tabling of the proposed Consumer Credit Act (CCA).

Once enacted, non-bank credit providers such as BNPL providers will be required to comply with relevant prudential and conduct standards.

Apart from promoting a level playing field between banks and non-bank BNPL providers, these ongoing efforts aim to accord the same level of protection to financial consumers in relation to BNPL schemes regardless of which provider they deal with.

These efforts will also help to mitigate risks from over-indebtedness building up among younger and lower-income borrowers, it said.

Credit risk from the household sector remained manageable In the second half of 2022, quarterly growth of household debt was higher at 1.5 per cent, in line with ongoing improvements in the labour market and income conditions, said BNM.

Consequently, in annual terms, household debt expanded at a faster pace of 5.5 per cent (June 2022: 5.3 per cent).

Notwithstanding this increase, the ratio of household debt-to-GDP fell further to 81.2 per cent (June 2022: 84.5 per cent), as nominal Gross Domestic Product (GDP) grew at a stronger pace in the second half of 2022.

Household debt continued to be driven by housing loans, pointing to sustained demand for house purchases spurred by measures to encourage home ownership.

The growth in car loans was also lifted by higher disbursements for the purchase of vehicles during the sales tax exemption period (December 2022: 7.0 per cent; June 2022: 4.2 per cent).

Outstanding credit card loans also recorded faster growth during the period. Nonetheless, the proportion of household debt attributable to consumption loans has remained broadly unchanged. -Bernama

green~tea

Failed financial management.. kita tengok sahaja lah.. comment lebih2 kang butthurt

xy_daen

Generasi baharu biasa lah. Umur 30 tahun ke bawah kan

gekkou

kat sekolah buat lah silibus financial management
dan kepentingan menyimpan duit
didiklah daripada kecil

lostnfaun

Patut la myiou dah update apps dia takde lagi ansurans sehingga 6 bulan. Cuma 3 bulan jer skrg

anony-mous

Org2 mcm ni la yg buat kemudahan mudah mcm ni ditarik balik

gigahertz

lostnfaun replied at 29-3-2023 02:07 PM
Patut la myiou dah update apps dia takde lagi ansurans sehingga 6 bulan. Cuma 3 bulan jer skrg

Tahun lepas i ada meet salesman myiou
Nak daftar agen. Kena bayar anual fees rm1000
Mmg x la i nak daftar merchant

aechae

Beli apa je lah yg gna BNPL tu…
Tgk2 beli baju, pakaian, aksesori, gajet2… dh tau xbrapa kaya kawal lh nafsu

LadyCarefree

green~tea replied at 29-3-2023 08:22 PM
Failed financial management.. kita tengok sahaja lah.. comment lebih2 kang butthurt

Beli telekung pun BNPL.

doridori_hi

Aku bohlayan je benda2 mcm ni, beli sebatang lipstick dia offernya guna paylater, terasa miskinnya aku, ... byr terus abis , lantak kau sana

honeybee1802

gekkou replied at 29-3-2023 10:01 PM
kat sekolah buat lah silibus financial management
dan kepentingan menyimpan duit
didiklah daripada  ...

Ada je sis dlm math..dr sekolah rendah ke mmenengah...

sayawifenikmie

konsep BNPL ni sama mcm guna CC ke?

bahaya sungguh la
muda muda dah terbelenggu hutang

kalau anak aku, aku pang kan jer kalau gatai nak berlagak kaya tapi tak berduit.

meah_kelabu

kalau dh mampu takdenye la berhutang
jarang2 la org sengaja nk buat hutang sbb lg lama tempoh pembayaran lg bnyk yg perlu dibayar
taktau la nk kesian ke cmne. tp hakikatnye mmg mcm tu la. sape xnak amek kesempatan bila diberi kemudahan kan?

ina_na

Prinsip aku senang je..aku Ade duit lebih beli..x de duit lebih duk diam2.. mls dah nk hidup dlm keadaan berhutang..seksa..tp ye la pemikiran x sama kan..aku tgk kwn2 aku guba yg shopee tu..segala benda semua dlm tu buat ala2 CC.. janji melaram baju baru setiap minggu.. janji nampak kaya lps tu bising nk bayar pibg anak kata mahaii x mampu... Tp kalo tgk dr gaya...

vespa_oren

BNPL untuk B40
CC untuk M40
dua2 sama function

dua_chzy

gekkou replied at 29-3-2023 02:01 PM
kat sekolah buat lah silibus financial management
dan kepentingan menyimpan duit
didiklah daripada  ...

Dah ada.

Dalam Maths. SK dan SMK. SMK tu bab financial management, silibus Tngkatan 4.

cmf_jeangrey

Below 30, young, shortsighted..itulah dia
Sedang nak merasa nikmat hidup..

lee_sakura

gekkou replied at 29-3-2023 10:01 PM
kat sekolah buat lah silibus financial management
dan kepentingan menyimpan duit
didiklah daripada  ...

yang ni iols setuju sgt

Simunggu

xy_daen replied at 29-3-2023 09:32 PM
Generasi baharu biasa lah. Umur 30 tahun ke bawah kan

rasanya bukan generasi baru...tapi kepada warga kota yg terbiasa hidup mewah & mudah di bandar...

Kitty_catz

ni ke yg deme panggei b40tasteposh?