The credit exposure, or total outstanding balance, of the “buy now, pay later” (BNPL) industry stood at RM1.42 billion as of the end of the first quarter of 2024 (Q1 2024), an increase of 34 percent from the end of 2023.

BNPL accounted for 0.07 percent of the total household debt as of the end of 2023.

“Some 3.8 percent of active BNPL account...