Payments in Malaysia 2017: What Consumers Want?
|出版日||ページ情報||英文 46 Pages
|消費者決済の国別分析：マレーシア Payments in Malaysia 2017: What Consumers Want?|
|出版日: 2017年09月25日||ページ情報: 英文 46 Pages||
Malaysian payments market remains cash-reliant, but has high growth potential as it moves towards digital payments. As the government and banks started to provide basic financial and banking services by expanding banking infrastructure, launching new branches, promoting agent banking networks, and making efforts to change consumer payment habits, payment cards gradually became more accepted. The growth of POS terminal penetration, the complete migration to EMV standards with contactless functionality, and significant recent developments in the e-commerce environment have all contributed to the ongoing digital transformation of this market.
To increase debit card usage, the government introduced a regulation to cap interchange fees charged by domestic schemes at 0.15% of the transaction value subject to a maximum interchange fee of MYR 0.50 ($0.11) per transaction, while debit cards issued by international schemes are capped at 0.21% of the transaction value subject to a maximum of MYR0.50.
Malaysia's e-commerce market is anticipated to report a compound annual growth rate (CAGR) of 15% over 2017f-21e. This will be positively influenced by the implementation of the Digital Free Trade Zone (DFTZ), launched in March 2017 by the Malaysia Digital Economy Corporation in partnership with Alibaba. In addition, the April 2017 launch of Maybank2u, a new payment gateway targeting e-commerce entrepreneurs, is expected to act as a catalyst for e-commerce growth over the forecast period.
The report "Payments in Malaysia 2017: What Consumers Want?", examines the consumer payments market in Malaysia, considering payment cards, online payments, P2P payments, and newer payment technologies such as mobile wallets and contactless.
Specifically, this report allows the following -
Companies mentioned in this report: Maybank, Bank Simpanan Nasional, Public Bank, CIMB Bank, Bank Islam, Citibank, Hong Leong Bank, HSBC, Visa, Mastercard, American Express, Diners Club, Bankcard.