HMT update on domestic premises suppliers and the new BNPL regime

Malaysia's youth minister flags worrying rise in youth bankruptcies, blames 'buy now, pay later' and digital spending

A growing number of Malaysian youths are falling into financial distress, as consumerism, digital spending habits and "buy now, pay later" (BNPL) schemes outpace financial literacy levels — a trend that Youth and Sports Minister Hannah Yeoh said must be urgently addressed.

HMT update on domestic premises suppliers and the new BNPL regime

On 16 June 2025, HM Treasury (HMT) issued an update on domestic premises suppliers and buy-now, pay-later (BNPL). Background In its consultation on the BNPL regime HMT proposed that domestic premises suppliers – businesses who sell, offer to sell or agree to sell goods or offer to supply or contract to supply services in people’s homes – would be required to seek credit broking permissions to offer BNPL products as a payment option. Shortly befo…