Malaysia Buy Now Pay Later (BNPL) Market Size- By Purpose, By Business Model, By Merchant Ecosystem, By Distribution Model, By Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Description

Malaysia Buy Now Pay Later (BNPL) 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.

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.

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.

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:

By Purpose: Based on the Purpose, Malaysia Buy Now Pay Later Market is segmented as; Convenience-Short Term Loans, Credit-Loan Term Loans.

By Business Model: Based on the Business Model, Malaysia Buy Now Pay Later Market is segmented as; Three-Party, Two-Party.

By Distribution Model: Based on the Distribution Model, Malaysia Buy Now Pay Later Market is segmented as; Banks & Payment Service Providers, Marketplaces, Standalone.

By Channel: Based on the Channel, Malaysia Buy Now Pay Later Market is segmented as; Online Channel, POS Channel.

By Region: This report also provides the data for key regional segments of East Malaysia, Peninsular Malaysia, West Malaysia.

Product Code: IACT2375

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