Malaysia Cards & Payments: Opportunities and Risks to 2023

Malaysia Cards & Payments: Opportunities and Risks to 2023

Summary

GlobalData’s '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 GlobalData’s 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.

GlobalData’s '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.


  • Market Overview
    • Table Malaysia: key facts, 2019e
    • Table Regional benchmarking of payment cards, 2019e
  • Payment Preferences: Cash, Card and Mobile wallet
  • Market Overview
  • CARD-BASED PAYMENTS
    • Payment Cards: Market Sizing and Forecasting
    • Payment Cards: Market by Product/Service Type
    • Debit Cards: Market Sizing and Forecasting
    • Debit Cards: Schemes
    • Debit Cards: Issuers
    • Credit and Charge Cards: Market Sizing and Forecasting
    • Credit and Charge Cards: Schemes
    • Credit and Charge Cards: Issuers
    • Credit Card Debt
    • Prepaid Cards: Market Sizing and Forecasting
  • MERCHANT ACQUIRING
    • Acquiring & Processing
    • Retail: Market Sizing & Forecasting
  • E-COMMERCE PAYMENTS
    • E-commerce: Market Sizing & Forecasting
    • E-commerce: Market by Product/Service Category
    • E-commerce: Market by Payment Tool
  • MOBILE PROXIMITY PAYMENTS
    • Mobile Proximity Payments
  • P2P PAYMENTS
  • BILL PAYMENTS
  • ALTERNATIVE PAYMENTS
    • Alternative Payments: Payment Solutions
  • PAYMENT INNOVATIONS
  • PAYMENTS INFRASTRUCTURE & REGULATION
    • POS Terminals & ATMs
    • Regulatory Environment
  • Appendix
    • Table Malaysia: payment instrument transaction values (MYRbn), 2015-23f
    • Table Malaysia: payment instrument transaction values ($bn), 2015-23f
    • Table Malaysia: payment instrument transaction volumes (millions), 2015-23f
    • Table Malaysia: payment cards in circulation by type (millions), 2015-23f
    • Table Malaysia: volume of payment card transactions (millions), 2015-23f
    • Table Malaysia: value of payment card transactions (MYRbn), 2015-23f
    • Table Malaysia: value of payment card transactions ($bn), 2015-23f
    • Table Malaysia: debit cards in circulation (millions), 2015-23f
    • Table Malaysia: debit card transaction volumes, 2015-23f
    • Table Malaysia: debit card transaction values (MYR), 2015-23f
    • Table Malaysia: debit card transaction values ($), 2015-23f
    • Table Malaysia: debit cards in circulation by scheme (millions), 2015-19e
    • Table Malaysia: debit card transaction values by scheme (MYRbn), 2015-19e
    • Table Malaysia: debit card transaction values by scheme ($bn), 2015-19e
    • Table Malaysia: debit cards in circulation by issuer (millions), 2015-19e
    • Table Malaysia: debit card transaction values by issuer (MYRbn), 2015-19e
    • Table Malaysia: debit card transaction values by issuer ($bn), 2015-19e
    • Table Malaysia: credit and charge cards in circulation (millions), 2015-23f
    • Table Malaysia: credit and charge card transaction volumes, 2015-23f
    • Table Malaysia: credit and charge card transaction values (MYR), 2015-23f
    • Table Malaysia: credit and charge card transaction values ($), 2015-23f
    • Table Malaysia: credit and charge cards in circulation by scheme (millions), 2015-19e
    • Table Malaysia: credit and charge card transaction values by scheme (MYRbn), 2015-19e
    • Table Malaysia: credit and charge card transaction values by scheme ($bn), 2015-19e
    • Table Malaysia: credit and charge cards in circulation by issuer (000s), 2015-19e
    • Table Malaysia: credit and charge card transaction values by issuer (MYRbn), 2015-19e
    • Table Malaysia: credit and charge card transaction values by issuer ($bn), 2015-19e
    • Table Malaysia: credit cards in circulation (millions), 2015-23f
    • Table Malaysia: credit card transaction volumes, 2015-23f
    • Table Malaysia: credit card transaction values (MYR), 2015-23f
    • Table Malaysia: credit card transaction values ($), 2015-23f
    • Table Malaysia: credit card in circulation by scheme (millions), 2015-19e
    • Table Malaysia: credit card transaction values by scheme (MYRbn), 2015-19e
    • Table Malaysia: credit card transaction values by scheme ($bn), 2015-19e
    • Table Malaysia: charge cards in circulation (000s), 2015-23f
    • Table Malaysia: charge card transaction volumes, 2015-23f
    • Table Malaysia: charge card transaction values (MYR), 2015-23f
    • Table Malaysia: charge card transaction values ($), 2015-23f
    • Table Malaysia: charge cards in circulation by scheme (000s), 2015-19e
    • Table Malaysia: charge card transaction values by scheme (MYRbn), 2015-19e
    • Table Malaysia: charge card transaction values by scheme ($bn), 2015-19e
    • Table Malaysia: prepaid cards in circulation (millions), 2015-23f
    • Table Malaysia: prepaid card transaction values (MYRbn), 2015-23f
    • Table Malaysia: prepaid card transaction values ($bn), 2015-23f
    • Table Malaysia: merchant acquiring transaction volumes (millions), 2014-22f
    • Table Malaysia: merchant acquiring transaction values (MYRbn), 2014-22f
    • Table Malaysia: merchant acquiring transaction values ($bn), 2014-22f
    • Table Malaysia: acquirers' transaction volumes (millions), 2014-18e
    • Table Malaysia: acquirers' transaction values (MYRbn), 2014-18e
    • Table Malaysia: acquirers' transaction values ($bn), 2014-18e
    • Table Malaysia: retail outlets and card-accepting merchants (000s), 2014-22f
    • Table Malaysia: debit card average interchange fees (%), 2014-18e
    • Table Malaysia: debit card merchant service charge and interchange fee (%), 2014-22f
    • Table Malaysia: credit and charge card average interchange fees (%), 2014-18e
    • Table Malaysia: credit and charge card merchant service charge and interchange fee (%), 2014-22f
    • Table Malaysia: retail market by product categories, (MYRbn), 2015-23f
    • Table Malaysia: retail market by product categories, ($bn), 2015-23f
    • Table Malaysia: retail market by service categories, (MYRbn), 2014-18
    • Table Malaysia: retail market by service categories, ($bn), 2014-18

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