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Malaysia Cards and Payments: Opportunities and Risks to 2029

Publisher GlobalData
Published Jun 06, 2025
Length 97 Pages
SKU # GBDT20168046

Description

Malaysia Cards and Payments: Opportunities and Risks to 2029

Summary

GlobalData’s ‘Malaysia Cards and Payments: Opportunities and Risks to 2029' report provides detailed analysis of market trends in the Malaysian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, card, credit transfer, direct debits, and cheques during the review-period (2021-25e).

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 (2025e-29f). It also offers information on the country's competitive landscape, including 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 detailed regulatory policies and recent changes in regulatory structure.

GlobalData’s ‘Malaysia Cards and Payments: Opportunities and Risks to 2029' report provides top-level market analysis, information and insights into the Malaysian cards and payments industry, including -
  • Current and forecast values for each market in the Malaysian cards and payments industry, including debit, credit and charge cards.
  • Detailed insights into payment instruments including cash, credit transfer, card, cheques and direct debits . It also, includes an overview of the country's key alternative payment instruments.
  • Ecommerce market analysis.
  • Analysis of various market drivers and regulations governing the Malaysian cards and payments industry.
  • Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.
  • Comprehensive analysis of consumer attitudes and buying preferences for cards.
  • The competitive landscape of the Malaysian cards and payments industry.
Key Highlights
  • The prospects for contactless payment systems are promising, as they are being adopted across various sectors. An example of this is Shell Malaysia, which simplified the payment process for electric vehicle (EV) customers in January 2025. Shell collaborated with ParkEasy and Visa to introduce contactless payment options at Shell Recharge stations in the Klang Valley. As a result, customers can now conveniently use their credit or debit cards to pay charging fees. Four Shell recharge locations, namely Paviment Kuala Lumpur, Pavilion Hotel Kuala Lumpur, Pavilion Bukit Jalil, and Pavilion Damansara Heights, have successfully installed, and are currently using, the contactless payment terminals.
  • The instant payment solution DuitNow has made significant strides, acting as a driving force for the adoption of digital payments-largely attributable to the integration of QR code payments. This system offers swift, secure, and convenient fund transfers and payments, while also being cost-effective. In November 2024, S PAY GLOBAL, Sarawak's state-owned e-wallet, formed a strategic partnership with Payments Network Malaysia (PayNet) to incorporate DuitNow QR with S PAY GLOBAL's platform. This collaboration has expanded the service to over 770,000 registered users and over 91,000 merchants.
  • With the growing consumer preference for online shopping, the government has implemented the NESR. The initial phase of NESR (2016-20) successfully established a comprehensive ecommerce ecosystem. The ongoing second phase (2021-25) aims to expedite the adoption of ecommerce, enhance ecosystem development, and strengthen regulatory frameworks. As a result of the combined efforts of the two NESR phases, approximately 1.51 million small- and medium-sized enterprises (SMEs) embraced ecommerce between 2016 and 2023. Additionally, from 2017 to 2023, ecommerce was employed by 215,733 companies to bolster their export activities.
Scope
  • Card market size in terms of number of cards, value and volume of transactions in Malaysiaalong with detailed card segmentation of debit, credit and charge cards available in the country.
  • Market sizing and analysis of major payment instruments including cash, credit transfer, card, cheques and direct debits .
  • Payment market trends and growth for both historical and forecast period
  • Competitor analysis with detailed insights into leading card issuers and schemes.
  • Comprehensive analysis of consumer attitudes and buying preferences for cards.
  • A detailed snapshot of country's key alternative payment brands.
Reasons to Buy
  • Make strategic business decisions, using top-level historic and forecast market data, related to the Malaysian cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities in the Malaysian cards and payments industry.
  • Assess the competitive dynamics in the Malaysian cards and payments industry.
  • Gain insights into marketing strategies used for various card types in Malaysia.
  • Gain insights into key regulations governing the Malaysian cards and payments industry.

Table of Contents

97 Pages
  • Executive Summary
    • Malaysia: Key facts, 2025e
    • Malaysia: Benchmarking of payment cards, 2025e
    • Instant Payments
    • Payment Cards: Market Sizing and Forecasting
    • Payment Cards: Market by Product and 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
    • Contactless Cards: Card Holding
    • Retail: Market Sizing and Forecasting
    • Ecommerce: Market Sizing and Forecasting
    • Ecommerce: Market by Products and Services
    • Ecommerce: Market by Payment Tool
    • In-Store Payments: Market by Payment Tools
    • In-Store Payments: Market by Products and Services
    • Buy Now Pay Later: Online Purchasing
    • Digital Wallets
    • Mobile Proximity Payments
  • P2P Payments
  • Bill Payments
    • Alternative Payments: Payment Solutions
  • Payment Innovations
  • Job Analysis
    • POS Terminals and ATMs
    • Regulatory Environment
    • Malaysia: payment instrument transaction values (MYR billions), 2021-29f
    • Malaysia: payment instrument transaction values ($ billions), 2021-29f
    • Malaysia: payment instrument transaction volumes (millions), 2021-29f
    • Malaysia: payment cards in circulation by type (millions), 2021-29f
    • Malaysia: volume of payment card transactions (millions), 2021-29f
    • Malaysia: value of payment card transactions (MYR billions), 2021-29f
    • Malaysia: value of payment card transactions ($ billions), 2021-29f
    • Malaysia: debit cards in circulation (millions), 2021-29f
    • Malaysia: debit card transaction volumes, 2021-29f
    • Malaysia: debit card transaction values (MYR), 2021-29f
    • Malaysia: debit card transaction values ($), 2021-29f
    • Malaysia: debit cards in circulation by scheme (000s), 2021-25e
    • Malaysia: debit card transaction values by scheme (MYR billions), 2021-25e
    • Malaysia: debit card transaction values by scheme ($ billions), 2021-25e
    • Malaysia: debit cards in circulation by issuer (millions), 2021-25e
    • Malaysia: debit cards transaction value by issuer (MYR billions), 2021-25e
    • Malaysia: debit cards transaction value by issuer ($ billions), 2021-25e
    • Malaysia: credit and charge cards in circulation (millions), 2021-29f
    • Malaysia: credit and charge card transaction volumes, 2021-29f
    • Malaysia: credit and charge card transaction values (MYR), 2021-29f
    • Malaysia: credit and charge card transaction values ($), 2021-29f
    • Malaysia: credit and charge cards in circulation by scheme (millions), 2021-25e
    • Malaysia: credit and charge card transaction values by scheme (MYR billions), 2021-25e
    • Malaysia: credit and charge card transaction values by scheme ($ billions), 2021-25e
    • Malaysia: credit and charge cards in circulation by issuer (000s), 2021-25e
    • Malaysia: credit and charge cards transaction value by issuer (MYR billions), 2021-25e
    • Malaysia: credit and charge cards transaction value by issuer ($ billions), 2021-25e
    • Malaysia: credit cards in circulation (millions), 2021-29f
    • Malaysia: credit card transaction volumes, 2021-29f
    • Malaysia: credit card transaction values (MYR), 2021-29f
    • Malaysia: credit card transaction values ($), 2021-29f
    • Malaysia: credit cards in circulation by scheme (millions), 2021-25e
    • Malaysia: credit card transaction values by scheme (MYR billions), 2021-25e
    • Malaysia: credit card transaction values by scheme ($ billions), 2021-25e
    • Malaysia: charge cards in circulation (millions), 2021-29f
    • Malaysia: charge card transaction volumes, 2021-29f
    • Malaysia: charge card transaction values (MYR), 2021-29f
    • Malaysia: charge card transaction values ($), 2021-29f
    • Malaysia: charge cards in circulation by scheme (000s), 2021-25e
    • Malaysia: charge card transaction values by scheme (MYR billions), 2021-25e
    • Malaysia: charge card transaction values by scheme ($ billions), 2021-25e
    • Malaysia: prepaid card transaction values (MYR billions), 2021-29e
    • Malaysia: prepaid card transaction values ($ billions), 2021-29e
    • Malaysia: prepaid cards in circulation (millions), 2021-29e
    • Malaysia: merchant acquiring transaction values (MYR billions), 2021-29f
    • Malaysia: merchant acquiring transaction values ($ billions), 2021-29f
    • Malaysia: merchant acquiring transaction volumes (billions), 2021-29f
    • Malaysia: acquirers' transaction volumes (millions), 2021-25e
    • Malaysia: acquirers' transaction values (MYR billions), 2021-25e
    • Malaysia: acquirers' transaction values ($ billions), 2021-25e
    • Malaysia: retail outlets and card-accepting merchants (000s), 2021-29f
    • Malaysia: debit card merchant service charge and interchange fee (%), 2021-29f
    • Malaysia: credit and charge card merchant service charge and interchange fee (%), 2021-29f
    • Malaysia: debit card average interchange fees (%), 2021-25e
    • Malaysia: credit and charge card average interchange fees (%), 2021-25e
    • Malaysia: retail market by product categories (MYR billions), 2021-29f
    • Malaysia: retail market by product categories ($ billions), 2021-29f
    • Malaysia: retail market by service categories (MYR billions), 2020-24
    • Malaysia: retail market by service categories ($ billions), 2021-24
    • Survey sample across countries

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