In this infographic, we shed light on the policy document on Personal Financing (“Policy Document”) issued recently by the Central Bank of Malaysia (“BNM”) on 15th December 2023. The Policy Document underscores BNM’s commitment to fostering prudent and responsible financing practices, governing services related to personal financing, including BNPL (buy now pay later) products, and places a strong emphasis on empowering financial consumers to engage in responsible borrowing behaviours.