KUALA LUMPUR, March 15 The Ministry of Finance (MoF), Bank Negara Malaysia (BNM) and the Securities Commission (SC) are spearheading collaborations with relevant agencies to formulate a comprehensive legal framework to regulate all consumer credit activities, including the “Buy Now Pay.
KUALA LUMPUR: New laws will be introduced to regulate and monitor "Buy Now, Pay Later" (BNPL) schemes, says Deputy Finance Minister II Yamani Hafez Musa.
KUALA LUMPUR: The Ministry of Finance (MoF), Bank Negara Malaysia (BNM) and the Securities Commission (SC) are spearheading collaborations with relevant agencies to formulate a comprehensive legal framework to regulate all consumer credit activities, including the "Buy Now Pay Later” (BNPL) scheme.