1. Market Research
  2. > Financial Services
  3. > Banking
  4. > Payments Market Trends
Malaysia Cards & Payments: Opportunities and Risks to 2023

Malaysia Cards & Payments: Opportunities and Risks to 2023

  • November 2019
  • 80 pages
  • ID: 5828929
  • Format: PDF
  • By GlobalData

Summary

Table of Contents

Search Inside

Malaysia Cards & Payments: Opportunities and Risks to 2023

Summary
’Malaysia Cards & Payments: Opportunities and Risks to 2023’ report provides detailed analysis of market trends in Malaysia’s cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, direct debits, credit transfers, cheques, and cards during the review-period (2015-19e).

The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2019e-23f). It also offers information on the country’s competitive landscape, including the market shares of issuers and schemes.

The report brings together research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy and recent changes in the regulatory structure.

’Malaysia Cards & Payments: Opportunities and Risks to 2023’ report provides top-level market analysis, information and insights into Malaysia’s cards and payments industry, including -
- Current and forecast values for each market in Malaysia’s cards and payments industry, including debit, credit, and charge cards.
- Detailed insights into payment instruments including cash, direct debit, credit transfers, cheques, and cards. It also, includes an overview of the country’s key alternative payment instruments.
- E-commerce market analysis.
- Analysis of various market drivers and regulations governing Malaysia’s cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit, credit, and charge cards.

Scope
- In December 2018, PayNet (in partnership with ACI Worldwide) launched DuitNow, a real-time payment platform. The system allows users to make instant credit transfers 24/7 using the recipient’s mobile phone number or other identification number. By the end of January 2019, 20 major bank were participating in the system and 6.8 million users had registered for DuitNow. In July 2019, a common standard dubbed DuitNow QR was launched by PayNet to promote the adoption and usage of QR code payments. Public Bank was the first to adopt the system, and over 30 banks are set to enable DuitNow QR payments within their respective mobile banking apps over the next few months. In addition, 12 e-wallet providers are also adopting the system.
- In order to push the adoption of electronic payments, banks are introducing service fees on over-the-counter (OTC) transactions at bank branches. From August 1, 2019, CIMB started charging MYR2 ($0.48) on credit card and loan/financing repayments made using cash or cheque via OTC at branches. This followed Public Bank introducing similar fees in April 2019. Meanwhile, as per a central bank directive effective from July 1, 2018, banks waived transaction fees on instant transfers for amounts up to MYR5,000 ($1,209.75) made by individuals and SMEs. 14 banks completely waived the fee for all types of customers irrespective of transaction amount.
- The government introduced the sales and service tax in September 2018, which may affect credit card market growth. The new rules imposed an annual service tax of MYR25 ($6.05) on both principal and supplementary credit and charge cards, increasing the cost of holding these cards for consumers. The annual service tax was first introduced in 2010, which had a severe impact on the credit card market. The tax was then abolished in April 2015, which boosted adoption of credit cards in the years that followed.

Reasons to buy
- Make strategic business decisions, using top-level historic and forecast market data, related to Malaysia’s cards and payments industry and each market within it.
- Understand the key market trends and growth opportunities in Malaysia’s cards and payments industry.
- Assess the competitive dynamics in Malaysia’s cards and payments industry.
- Gain insights into marketing strategies used for various card types in Malaysia.
- Gain insights into key regulations governing Malaysia’s cards and payments industry.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
25% Off

($2750)

  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Germany Cards & Payments: Opportunities and Risks to 2023

Germany Cards & Payments: Opportunities and Risks to 2023

  • $ 2750
  • November 2019

Germany Cards & Payments: Opportunities and Risks to 2023Summary’Germany Cards & Payments: Opportunities and Risks to 2023’ report provides detailed analysis of market trends in the German cards and ...

Italy Cards & Payments: Opportunities and Risks to 2023

Italy Cards & Payments: Opportunities and Risks to 2023

  • $ 2750
  • November 2019

Italy Cards & Payments: Opportunities and Risks to 2023Summary’Italy Cards & Payments: Opportunities and Risks to 2023’ report provides detailed analysis of market trends in the Italian cards and payments ...

Financial Cards and Payments in Malaysia

Financial Cards and Payments in Malaysia

  • $ 2100
  • November 2019

The number of financial cards in circulation in Malaysia increased slightly in 2019, whilst card payment transactions saw strong growth in both current value and volume terms. Credit card transactions ...


ref:plp2019

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on