Published
Malaysia's Consumer Credit Act came into force on March 1, with mandatory affordability checks for SPayLater, Atome, Grab PayLater and the rest from June 1. Here's what changes for you, and how to keep tracking the small print in Duitful.
June 1, 2026
Mandatory affordability checks + fee disclosure for all BNPL providers
CCA itself is already in force since March 1, 2026
The Consumer Credit Act regulates BNPL providers (Atome, SPayLater, Grab PayLater, ShopBack PayLater, and others) under the new Consumer Credit Commission. The framework is in force now. The strict consumer-side rules kick in on June 1.
Providers must verify that you can actually pay before approving a new instalment. Expect more "no" replies if you have thin track records or high existing debt across providers.
Late fees, conversion fees, missed-instalment penalties — every charge has to be on screen before you tap Confirm. No discovery after the fact.
If a BNPL provider misbehaves, the Consumer Credit Commission is the place to file a complaint. Provider-side complaint channels still apply first, but there's now a real backstop.
Before CCA
After June 1, 2026
Open Debts → Add. Enter the provider name (Atome, SPayLater), the outstanding balance, the APR (yes, BNPL has one once you miss a payment), and the minimum monthly amount.
When a payment comes off your card or wallet, log it as a daily expense. Set Category to the BNPL provider so Reports filters cleanly.
Open the Debts tab. You'll see total BNPL outstanding alongside credit cards and loans on one screen. Avalanche planner sorts by APR so you know which to clear first.
Not directly. The act requires providers to check affordability before approving new credit. In practice that means stricter approval for users with thin track records or high existing debt across providers.
No. Existing plans run to completion on the terms they were issued. The new rules apply to plans issued from June 1, 2026 onwards.
Escalate to the Consumer Credit Commission once the provider's own complaint channel has failed. CCC publishes its escalation process; check their site closer to the date.
When you sign up, look at the late-payment fee structure. A missed instalment that triggers a 5%-of-outstanding fee is effectively very high APR. Log a conservative APR in Duitful (e.g., 24%) so the avalanche planner gives the BNPL its weight.
Add each BNPL or instalment as a debt in Duitful. Watch the total alongside your credit cards and loans on one screen, and let the avalanche planner tell you which one to clear first.
Open Duitful →