Payment Landscape in Malaysia: Rise in Penetration of Smartphones to Boost E-Wallet Payments
Malaysia's payment card market has recorded strong uptake in contactless technology, with all major banks including Bank Simpanan Nasional (BSN), Maybank, Public Bank, CIMB Bank, and Hong Leong Bank now offering contactless cards. Increasing penetration of smartphone at significant value in the Malaysia is likely to bolster payments-via-e-wallets. The environment is further fertile ground for payments in Malaysia to flourish, a renaissance of the e-commerce boom that resulted in the growth of payments fintech. To comprehend recent trends and factors...
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