Malaysia Cards And Payments Market

Malaysia Cards and Payments Market Outlook (2024 to 2029)

Malaysia Cards and Payments Market report offers a distinct range of possibilities in the market of payment cards along with the accurately validated statistics of operational cards in the market and their total transactional values. It suggests profitable marketing strategies considering the competitive landscape in the market, purchase trends, payment options in online trade and significant government frameworks impacting the overall payment card market of Malaysia.

Our report kindles the hidden opportunities with dependable information about different types of cash transactions, volumes of cardholders, market proportion, current accounts, increase within the number of cards, credit cards outstanding balances, transactional values, details of the issuers at the side of available banking schemes and futuristic analysis of overall cards and payment marketplace in Malaysia.

Key Statistics:

• Existing and future values of debit cards, charge and credit cards, and others in every market of the payment cards industry of Malaysia.
• Information on the alternative payment options of the country, including the highlights of existing instruments like credit transfers, cheques, direct debit and cash payments.
• Future prospects of online sales market in the country, along with focus on different growth drivers and government regulations in the cards and payment industry of the country.
• Various marketing strategies of banking and financial institutions for promoting their payment cards.

Malaysia Cards and Payments Market – Key Highlights:

The sevenfold increase in the use of contactless cards in the country owing to the distribution of such cards from all major banks like Maybank, Bank Simpanan Nasional (BSN), CIMB Bank, Public Bank, and Hong Leong Bank is forcing financial institutions to develop innovative products like NFC Wristband, Maybank Visa Payband providing payment convenience at a wave of the wrist.

The launch of alternative payments like mobile wallets by Samsung Electronics, CIMB Bank, and Maybank due to the growing preference for secure electronic payments, growth in the young population, and deeper smartphone penetration between 2016-2017.

The government implemented DFTZ as part of the National E-commerce Strategic Roadmap by the partnership of Alibaba and Malaysia Digital Economy Corporation to support digital services, worldwide online business and push e-commerce market.

List of Companies mentioned in this report:

• Malayan Banking Berhad
• National Savings Bank
• Public Bank
• CIMB bank
• Islamic Bank
• Citibank
• Hong Leong Bank
• HSBC
• AmBank

Key Questions Answered by the report

• What is the market size of the Malaysia Cards and Payments market?
• What are the major operators and issuers in Malaysia?
• What is the current state of emerging payment technologies?