Malaysia Buy Now Pay Later Market Overview
According to SPER Market Research, the Malaysia Buy Now Pay Later Market is estimated to reach USD XX billion by 2032 with a CAGR of XX%.
It is anticipated that the digital payment method will become widely used in the next years, on the strength of expanding consumer and merchant adoption. Innovations like a BNPL service on credit cards and insurance have already made their way onto the Malaysian market. In numerous instances, established banks have partnered with pure-play BNPL players to satisfy customer expectations. Since the BNPL market is anticipated to grow significantly over the following three to four years, Bank Negara Malaysia is aiming to pass the Consumer Credit Act in 2022 with the help of the Ministry of Finance and Securities Commission Malaysia. An important goal of the legislation is to tighten the regulatory framework for all consumer credit-related activities, including BNPL services provided by non-banking companies. Traditional financial institutions are now either working with pure-play BNPL providers or establishing their service in Malaysia, although in the past they were unwilling to introduce a BNPL feature for their consumers. The publisher anticipates that additional banking institutions will introduce BNPL services for their consumers in Malaysia during the following years, either through strategic partnerships with BNPL providers or by launching their own service.
The platform has officially launched in Malaysia, according to Ablr, a brand-new BNPL service. Customers can purchase merchandise for their homes, music lessons, travel experiences, and other expenses using the Ablr BNPL service. Importantly, customers must scan QR codes or pay via a payment link in order to shop with Ablr. Then, one of the top rewards platforms in Singapore, ShopBack, declared the debut of its BNPL product in Malaysia and Singapore. Users can pay online and in-person merchants in Malaysia and Singapore using the BNPL feature built into the ShopBack app. It's noteworthy that the BNPL function ShopBack PayLater incorporates the services of hoolah, which the company purchased. The introduction of these new firms is anticipated to increase competition and innovation in the BNPL sector. From a short- to medium-term viewpoint, this will consequently help the market's growth.
Impact of COVID-19 on the Malaysia Buy Now Pay Later Market
There were several pandemic-related limitations over the past two years, Malaysian consumers are progressively shifting their buying patterns online. Buy now pay later and other digital payment options have become increasingly popular in the nation as they give customers more purchasing power and quicker access to credit. In order to increase their customer acceptance during the global pandemic outbreak, BNPL suppliers aggressively collaborated with e-commerce platforms. While BNPL companies continue to collaborate with e-commerce platforms, they also want to expand their transaction volume in Malaysia by focusing on other sectors.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Purpose, By Business Model, By Merchant Ecosystem, By Distribution Model, By Channel
|
| Regions covered | East Malaysia, Peninsular Malaysia, West Malaysia
|
| Companies Covered | AFFIN Bank, Am Bank, Atome, CIMB Bank, Grab, hoolah, HSBC Bank, IOU Pay, Pay Later, Rely, RHB Bank, Split
|
Malaysia Buy Now Pay Later Market Segmentation:
1. By Purpose:
- Convenience-Short Term Loans
- Credit-Loan Term Loans
2. By Business Model:
3. By Merchant Ecosystem:
- Closed Loop System
- Open Loop System
4. By Distribution Model:
- Banks & Payment Service Providers
- Marketplaces
- Standalone
5. By Channel:
- Online Channel
- POS Channel
6. By Region:
- East Malaysia
- Peninsular Malaysia
- West Malaysia
Key Topics Covered in the Report:
- Size of Malaysia Buy Now Pay Later Market (FY’2019-FY’2032)
- Overview of Malaysia Buy Now Pay Later Market
- Segmentation of Malaysia Buy Now Pay Later Market By Purpose (Convenience-Short Term Loans, Credit-Loan Term Loans)
- Segmentation of Malaysia Buy Now Pay Later Market By Business Model (Three-Party, Two-Party)
- Segmentation of Malaysia Buy Now Pay Later Market By Merchant Ecosystem (Closed Loop System, Open Loop System)
- Segmentation of Malaysia Buy Now Pay Later Market By Distribution Model (Banks & Payment Service Providers, Marketplaces, Standalone)
- Segmentation of Malaysia Buy Now Pay Later Market By Channel (Online Channel, POS Channel)
- Statistical Snap of Malaysia Buy Now Pay Later Market
- Malaysia Buy Now Pay Later Market Growth Analysis
- Problems and Challenges in Malaysia Buy Now Pay Later Market
- Malaysia Buy Now Pay Later Market Competitive Landscape
- Impact of COVID-19 and Demonetization on Malaysia Buy Now Pay Later Market
- Details on Recent Investment in Malaysia Buy Now Pay Later Market
- Competitive Analysis of Malaysia Buy Now Pay Later Market
- Major Players in the Malaysia Buy Now Pay Later Market
- SWOT Analysis of Malaysia Buy Now Pay Later Market
- Malaysia Buy Now Pay Later Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Malaysia Buy Now Pay Later Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Malaysia Buy Now Pay Later Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Malaysia Buy Now Pay Later Market
7. Malaysia Buy Now Pay Later Market, By Purpose, 2019-2032 (USD Million)
7.1 Convenience-Short Term Loans
7.2 Credit-Loan Term Loans
8. Malaysia Buy Now Pay Later Market, By Business Model, 2019-2032 (USD Million)
8.1 Three-Party
8.2 Two-Party
9. Malaysia Buy Now Pay Later Market, By Merchant Ecosystem, 2019-2032 (USD Million)
9.1 Closed Loop System
9.2 Open Loop System
10. Malaysia Buy Now Pay Later Market, By Distribution Model, 2019-2032 (USD Million)
10.1 Banks & Payment Service Providers
10.2 Marketplaces
10.3 Standalone
11. Malaysia Buy Now Pay Later Market, By Channel, 2019-2032 (USD Million)
11.1 Online Channel
11.2 POS Channel
12. Malaysia Buy Now Pay Later Market, By Region, 2019-2032 (USD Million)
12.1 Malaysia Buy Now Pay Later Size and Market Share by Region (2019-2025)
12.2 Malaysia Buy Now Pay Later Size and Market Share by Region (2026-2032)
12.3 East Malaysia
12.4 Peninsular Malaysia
12.5 West Malaysia
13. Company Profiles
13.1 AFFIN Bank
13.1.1 Company details
13.1.2 Financial outlook
13.1.3 Product summary
13.1.4 Recent developments
13.2 Am Bank
13.2.1 Company details
13.2.2 Financial outlook
13.2.3 Product summary
13.2.4 Recent developments
13.3 Atome
13.3.1 Company details
13.3.2 Financial outlook
13.3.3 Product summary
13.3.4 Recent developments
13.4 CIMB Bank
13.4.1 Company details
13.4.2 Financial outlook
13.4.3 Product summary
13.4.4 Recent developments
13.5 Grab
13.5.1 Company details
13.5.2 Financial outlook
13.5.3 Product summary
13.5.4 Recent developments
13.6 Hoolah
13.6.1 Company details
13.6.2 Financial outlook
13.6.3 Product summary
13.6.4 Recent developments
13.7 HSBC Bank
13.7.1 Company details
13.7.2 Financial outlook
13.7.3 Product summary
13.7.4 Recent developments
13.8 IOU Pay
13.8.1 Company details
13.8.2 Financial outlook
13.8.3 Product summary
13.8.4 Recent developments
13.9 Pay Later
13.9.1 Company details
13.9.2 Financial outlook
13.9.3 Product summary
13.9.4 Recent developments
13.10 Rely
13.10.1 Company details
13.10.2 Financial outlook
13.10.3 Product summary
13.10.4 Recent developments
13.11 RHB Bank
13.11.1 Company details
13.11.2 Financial outlook
13.11.3 Product summary
13.11.4 Recent developments
13.12 Split
13.12.1 Company details
13.12.2 Financial outlook
13.12.3 Product summary
13.12.4 Recent developments
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
