Bank Negara Malaysia will not interfere in any retail financing products unless it detects unfair and harmful practices.

The central bank said this when asked on GOPinjam, the recently launched microcredit offering via the Touch 'n Go e-wallet, where interests can go up to 36 percent per annum.

Although Malaysiakini had sought a response from the BNM specifically about GOPinjam, its statement does not mention the product.