shariah compliance

Why BNPL is Future of Consumer Financing in Malaysia

Posted on January 15, 2025June 12, 2025 by Moby

In Malaysia’s rapidly evolving financial landscape, Buy Now, Pay Later (BNPL) services have emerged as a revolutionary payment solution. By providing consumers with greater flexibility and businesses with enhanced revenue opportunities, BNPL is positioned to redefine the future of consumer financing. Here’s why this payment innovation is capturing attention and reshaping spending habits nationwide.

The Rising Popularity of BNPL in Malaysia

The appeal of BNPL lies in its user-friendly and interest-free instalment plans. In a 2024 report (https://fintechnews.my/47148/malaysia/bnpl-malaysia-market-2024/), it was noted that over 3.7 million Malaysians are actively using BNPL services, with numbers expected to grow exponentially. Consumers, especially millennials and Gen Z, prefer this financing option due to its simplicity, transparency, and absence of traditional credit checks.

BNPL like Moby & Moby Islamic BNPL provides a viable alternative to credit cards, which often come with annual fees and high-interest rates. For merchants, the integration of BNPL reduces cart abandonment rates and encourages impulse purchases, which leads to higher revenue for their business.

BNPL: An Accessible Option for All

Unlike traditional credit options, BNPL is inclusive. It allows individuals without a strong credit history to access financing, therefore bridging the gap for those who are underserved by banks. This inclusivity has significantly contributed to its widespread adoption in Malaysia, particularly among young professionals and first-time buyers.

Leading BNPL providers such as Moby & Moby Islamic PayLater, Grab PayLater, Atome, and Shopee PayLater are helping businesses tap into this growing consumer base by offering seamless, digital-first payment solutions.

Boosting Business Growth

For businesses, BNPL is not just a payment option, it’s a growth enabler. By offering instalment plans, businesses can:

Attract a broader customer base, including those hesitant to pay upfront.
Increase average transaction value, as customers feel more comfortable purchasing higher-priced items.
Enhance customer loyalty, with easy repayment options fostering positive shopping experiences.

This is particularly impactful in industries like electronics, fashion, and home goods, where BNPL has been shown to significantly boost conversion rates.

Regulatory Developments Driving Confidence

To ensure the sustainable growth of BNPL in Malaysia, regulators are stepping in to create a safe and consumer-friendly environment. The upcoming Consumer Credit Act (CCA), spearheaded by Bank Negara Malaysia, aims to standardise regulations for non-bank credit providers, including BNPL platforms.

These measures will promote transparency, prevent over-indebtedness, and build trust in the BNPL ecosystem, ensuring both consumers and merchants benefit from this innovative financing solution.

The Future of BNPL in Malaysia

The growth trajectory of BNPL is undeniably promising. Projections suggest that Malaysia’s BNPL gross merchandise value could reach RM29.6 billion (US$6.9 billion) by 2028, driven by a compound annual growth rate (CAGR) of over 35%.

With increasing smartphone penetration, the rise of e-commerce, and ongoing regulatory support, BNPL is poised to dominate consumer financing in Malaysia. Its combination of accessibility, flexibility, and inclusivity ensures it meets the demands of modern consumers and businesses alike.

Why Choose BNPL with Moby Malaysia?

At Moby Malaysia, we’re committed to empowering businesses with forward-thinking payment solutions. Our Islamic and conventional BNPL offerings provide an all-in-one platform to help businesses boost sales while offering customers unparalleled convenience.

Whether you’re a small business owner or a large merchant, Moby’s BNPL solutions enable you to stay ahead of the curve in a fast-changing market.

Conclusion

BNPL is no longer just a trend, it’s a movement shaping the future of consumer financing in Malaysia. For consumers, it’s a way to manage spending flexibly, and for businesses, it’s a tool to drive growth and customer satisfaction. As regulations strengthen and adoption continues to rise, the BNPL market is set to thrive in the coming years.

Are you ready to transform your business with BNPL? Partner with Moby Malaysia today at https://business.landing.moby.my/get-started/ and embrace the future of financing.

How Moby is Empowering Malaysian Merchants

Posted on December 17, 2024June 12, 2025 by Moby

Here at Moby Malaysia, we live and breathe innovation. In today’s fast-paced digital world, we understand the challenges that merchants face, from ensuring smooth payment processes to keeping up with customer expectations. That’s why we’re committed to creating solutions that make a real difference for Malaysian businesses of all sizes. Whether it’s a small family-run cafe or a bustling e-commerce store, our mission is to help businesses grow.

Revolutionising Payments with Cutting-Edge Solutions

Moby takes pride in offering a diverse suite of products designed to address the unique needs of Malaysian merchants. Here’s what we bring to the table:

Smart Pay Terminals: Accept payments via credit cards, debit cards, e-wallets, and QR codes effortlessly.
Paylink: Facilitate quick, secure online payments through shareable links – perfect for businesses on the go.
Payment Gateway Solutions: Seamless checkout integrations for e-commerce platforms, ensuring hassle-free transactions online.
BNPL (Islamic & Conventional): Provide flexible buy now, pay later options that align with your customers’ values and preferences.

Each of these solutions is designed to reduce hassle in the payment process, ensuring faster & secure transactions and of course, making customers happier.

Understanding the Needs of Diverse Industries

We work closely with merchants across industries to understand their challenges and deliver solutions that seamlessly meet their business needs. Here are just a few ways we’ve made an impact:

Fashion & Retail: Our Buy Now, Pay Later options have helped businesses like Calaqisya and Siti Khadijah increase their checkout rates.
Restaurants and Cafés: Our payment terminals have helped businesses such as Kanna Curry House speed up table turnover while enhancing customer satisfaction.
Healthcare Providers: Clinics like MyDental Care now enjoy streamlined payment processes, allowing them to focus on what they do best: providing exceptional care for their patients.
Education Sector: With the launch of Moby Edu, businesses like Qowie Junior, a preschool, have transitioned from manual payment methods to seamless online systems, making it easier for parents to pay their children’s tuition fees.

Why We Believe Moby is the Right Choice for Malaysian Merchants

1. Cost-Effectiveness

One of our proudest achievements is making payment solutions affordable. For example, our 0.99% terminal promo on all card transactions ensures merchants can keep more of their revenue while still delivering top-notch services.

2. Effortless Integration

We’ve designed our tools to integrate seamlessly into any business model, whether you’re running a brick-and-mortar store or an online shop.

3. Security First

In an age of increasing cybersecurity threats, we make safeguarding your transactions a top priority. Our systems are built with state-of-the-art security measures, so you can rest easy knowing your business is protected.

4. Partnering for Growth

We don’t just provide payment solutions, we help businesses grow. Our all-in-one dashboard gives actionable insights, helps merchants to make smarter decisions and foster customer loyalty.

Be Part of the Moby Movement

At Moby Malaysia, we’re not just about transactions; we’re about transformations. We’re here to help you grow, adapt, and thrive in the ever-changing digital economy. If you’re ready to take your business to the next level, we’re here to make it happen.Join the growing community of empowered merchants today. Sign up with us today at https://business.landing.moby.my/get-started/ and learn how we can support your journey to success.

How Businesses Can Benefit from BNPL

Posted on June 12, 2024June 12, 2025 by Moby

Are you savvy business owners? If you’ve ever wished your customers could buy now and pay later, you’re in for a treat! Introducing MOBY and MOBY Islamic, Malaysia’s homegrown Buy Now, Pay Later (BNPL) platforms. Not only do we cater to diverse needs, but we also offer a Shariah-compliant option. Let’s explore how our BNPL platforms can elevate your business to new heights.

Boost Sales and Increase Average Order Value

One of the biggest advantages of offering BNPL through MOBY is the potential to increase your sales. When customers know they can pay in installments, they’re more likely to hit that ‘buy’ button. This not only drives more sales but also increases your average order value. Who doesn’t love seeing bigger baskets at checkout?

Attract New Customers

BNPL is especially popular among younger generations who prefer to avoid traditional credit cards. By offering MOBY or MOBY Islamic, you can attract a new demographic of customers who might have otherwise passed on making a purchase. This expands your customer base and opens up new revenue streams.

Improve Customer Loyalty and Satisfaction

Happy customers are loyal customers. MOBY platforms provide a seamless and flexible shopping experience that can enhance customer satisfaction. When customers feel they have convenient payment options, they’re more likely to return for future purchases. This means repeat business and a solid, loyal customer base.

Reduce Cart Abandonment

Cart abandonment is a major pain point for many e-commerce businesses. High upfront costs can scare off potential buyers right at the checkout. MOBY and MOBY Islamic alleviate this issue by offering a more manageable payment plan, reducing the likelihood of customers abandoning their carts.

Enhance Cash Flow Management

At MOBY, we understand that managing cash flow is crucial for businesses. MOBY typically pays merchants upfront, even though customers pay over time. This means you get your money quickly, allowing you to reinvest in your business without waiting for customer payments to trickle in.

Stay Competitive

In today’s fast-paced market, staying competitive is key. Many of your competitors are likely already offering BNPL options. By integrating MOBY and MOBY Islamic, you ensure that you’re not left behind and that your business remains attractive to modern consumers who value flexibility and ethical finance options.

Why Choose MOBY & MOBY Islamic?

BNPL platforms let customers buy what they need now and pay over time, typically in installments. MOBY and MOBY Islamic take this concept and tailor it to the Malaysian market. With MOBY Islamic, you get the added benefit of Shariah-compliant transactions, ensuring that your business caters to all customers.

Local Expertise: MOBY offers solutions specifically designed for the Malaysian market.
Shariah Compliance: MOBY Islamic ensures that transactions comply with Islamic principles, appealing to a broader audience.
User-Friendly: Both platforms provide a seamless experience for merchants and customers.

Conclusion

So, there you have it! Integrating MOBY and MOBY Islamic into your business isn’t just a trend, it’s a smart strategy to boost sales, attract new customers, and enhance overall satisfaction. Ready to take your business to the next level with MOBY?

Don’t wait! Start exploring MOBY and MOBY Islamic options for your business today and watch your sales soar. Need help getting started? Contact us today at https://business.landing.moby.my/get-started/ for a free consultation!