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The Cards and Payments Industry in Malaysia: Emerging Trends and Opportunities to 2019

The Cards and Payments Industry in Malaysia: Emerging Trends and Opportunities to 2019

Synopsis

Timetric’s 'The Cards and Payments Industry in Malaysia: Emerging Trends and Opportunities to 2019' 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 check payments, credit transfers, direct debits, payment cards and cash transactions during the review period (2010–2014).

The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2015–2019). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

The report brings together Timetric’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, recent changes in regulatory structure, card fraud statistics, and profiles of card issuers operating in the country.

Summary

Timetric’s 'The Cards and Payments Industry in Malaysia: Emerging Trends and Opportunities to 2019' 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 card, credit and charge cards. It also includes detailed analysis of the prepaid card market.
  • Detailed insights into payment instruments including check payments, credit transfers, checks, direct debits, payment cards and cash transactions. It also, includes an overview of the country's key alternative payment instruments.
  • E-commerce market analysis and online payment types.
  • 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.
  • Comprehensive analysis of consumer attitudes and buying preferences for cards.
  • The competitive landscape of Malaysia's cards and payments industry.
Scope
  • This report provides a comprehensive analysis of Malaysia's cards and payments industry.
  • It provides current values for Malaysia's cards and payments industry for 2014, and forecast figures to 2019.
  • It details the different demographic, economic, infrastructural and business drivers affecting Malaysia's cards and payments industry.
  • It outlines the current regulatory framework in the industry.
  • It details marketing strategies used by various banks and other institutions.
  • It profiles major banks in Malaysia's cards and payments industry.
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.
Key Highlights
  • The central bank of Malaysia, Bank Negara Malaysia (BNM), and its subsidiary Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) launched the JomPAY service in April 2015 to promote electronic payments in the country. JomPAY is a Malaysian government initiative supported by 42 banks offering a common payment platform for Malaysian consumers to make bill payments using online or mobile banking. Consumers can make bill payments free of charge to any JomPAY-registered merchant using a savings account, current account or credit card.
  • BNM launched the e-Payment Incentive Fund (ePIF) on January 2, 2015, requiring banks to divert check-processing fees to encourage consumers to adopt e-payments, by providing incentives such as waiving e-payment transaction, security token and monthly maintenance fees. In 2013, BNM increased check-processing fees and reduced fees for Inter Bank Giro (IBG) transactions conducted online or by mobile. The initiatives are expected to drive e-payments over the forecast period (2015–2019).
  • BNM launched the Malaysian Chip Card Specification initiative in 2014, as part of a shift towards Europay, MasterCard, Visa (EMV) standards. According to BNM, complete migration to EMV standards with contactless functionality is expected to complete by January 1, 2018. As a result, from 2015 banks will gradually start to replace domestic debit cards with EMV-compliant cards with contactless functionality. This is anticipated to further drive debit card transaction value and volumes.


  • Definitions and Methodology
    • Definitions
      • Table Key Definitions
    • Methodology
      • Table Annual Average Exchange Rate
  • Key Facts and Events
    • Table Malaysia - Key Facts, 2014
    • Table Regional Benchmarking of Malaysia's Payment Cards, 2014
  • Executive Summary
  • Payment Instruments
    • Current Payment Environment
  • E-Commerce
    • E-Commerce Market Analysis
  • Alternative Payments
    • Alternative Payment Instruments
      • JomPAY
      • PayPal
      • MOLPoints
      • Mobile Money
      • Celcom AirCash
      • M-money
  • Regulations in the Cards and Payments Industry
    • Regulatory Framework
      • Revised eligibility requirements for credit cards issuance
      • New regulations to enhance credit cards security
      • Legal and regulatory framework
    • Anti-Money Laundering (AML)
    • Foreign Direct Investment (FDI) Regulations
      • Table Malaysia - Mode of Entry of Foreign Banks
  • Analysis of Cards and Payments Industry Drivers
    • Demographic Drivers
    • Economic Drivers
    • Infrastructure Drivers
    • Business Drivers
  • Market Segmentation and New Product Launches
    • Market Segmentation and Targeting
      • Consumer cards
        • Table Cards for High-Income Consumers, 2015
        • Table Cards for Travelers, 2015
        • Table Cards for Shoppers, 2015
        • Table Cards for Vehicle Owners, 2015
        • Table Cards for Students and Young Population, 2015
        • Table Cards for Female Population, 2015
      • Commercial cards
        • Table Specialized Cards for Business Managers and Entrepreneurs, 2015
        • Table Specialized Cards for SMEs, 2015
    • New Product Launches
      • Table Malaysia - New Product Launches
  • Payment Cards
    • Payment Card Analysis
      • Volume and value of payment card transactions by type
      • Personal vs commercial cards
  • Debit Cards
    • Debit Card Market Analysis
      • Debit card transaction volumes and values by channel
      • Debit card scheme and issuer shares in terms of transaction value
      • Debit cards comparison
        • Table Malaysia - Debit Cards Comparison and Key Features, 2015
  • Credit Cards
    • Credit Card Market Analysis
      • Credit card transaction volumes and values by channel
      • Credit card scheme and issuer shares in terms of transaction value
      • Credit cards comparison
        • Table Malaysia - Gold Credit Cards Comparison and Key Features, 2015
        • Table Malaysia - Premium Credit Cards Comparison and Key Features, 2015
  • Charge Cards
    • Charge Card Market Analysis
      • Charge card transaction volumes and values by channel
      • Charge card scheme shares in terms of transaction value
      • Charge cards comparison
        • Table Malaysia - Charge Cards Comparison and Key Features, 2015
  • Commercial Cards
    • Commercial Card Market Analysis
      • Commercial cards comparison
        • Table Malaysia - Commercial Cards Comparison and Key Features, 2015
  • Card Fraud Statistics
    • Card Fraud Analysis
  • Card Issuers
    • Maybank
    • Bank Simpanan Nasional
    • Public Bank Bhd
    • CIMB Bank
    • Hong Leong Bank
  • Prepaid Cards
    • Prepaid Card Market Analysis
      • Prepaid cards comparison
        • Table Malaysia - Prepaid Cards Comparison and Key Features, 2015
  • Merchant Acquiring
    • Merchant Acquiring Market Analysis
  • Appendix
    • Tables
      • Table Malaysia - Payment Instrument Transaction Values (MYR Billion), 2010-2014
      • Table Malaysia - Payment Instrument Transaction Values (US$ Billion), 2010-2014
      • Table Malaysia - Payment Instrument Transaction Volumes (Million), 2010-2014
      • Table Malaysia - Number of Payment Cards in Circulation by Type (Million), 2010-2019
      • Table Malaysia - Volume of Payment Card Transactions by Type (Million), 2010-2019
      • Table Malaysia - Value of Payment Card Transactions by Type (MYR Billion), 2010-2019
      • Table Malaysia - Value of Payment Card Transactions by Type (US$ Billion), 2010-2019
      • Table Malaysia - Personal and Commercial Card Transaction Volumes (Million), 2010-2019
      • Table Malaysia - Personal and Commercial Card Transaction Values (MYR Billion), 2010-2019
      • Table Malaysia - Personal and Commercial Card Transaction Values (US$ Billion), 2010-2019
      • Table Malaysia - Number of Debit Cards in Circulation (Million), 2010-2019
      • Table Malaysia - Debit Card Transaction Volumes and Frequency by Channel, 2010-2019
      • Table Malaysia - Debit Card Total and Average Transaction Values by Channel, 2010-2019
      • Table Malaysia - Debit Card Total and Average Transaction Values by Channel, 2010-2019
      • Table Malaysia - Number of Debit Cards in Circulation by Scheme (Million), 2010-2014
      • Table Malaysia - Debit Card Transaction Values by Scheme (MYR Billion), 2010-2014
      • Table Malaysia - Debit Card Transaction Values by Scheme (US$ Billion), 2010-2014
      • Table Malaysia - Debit Card Transaction Values by Issuer (MYR Billion), 2010-2014
      • Table Malaysia - Debit Card Transaction Values by Issuer (US$ Billion), 2010-2014
      • Table Malaysia - Number of Credit Cards in Circulation (Million), 2010-2019
      • Table Malaysia - Credit Card Transaction Volumes and Frequency by Channel, 2010-2019
      • Table Malaysia - Credit Card Total and Average Transaction Values by Channel, 2010-2019
      • Table Malaysia - Credit Card Total and Average Transaction Values by Channel, 2010-2019
      • Table Malaysia - Number of Credit Cards in Circulation by Scheme (Thousand), 2010-2014
      • Table Malaysia - Credit Card Transaction Values by Scheme (MYR Billion), 2010-2014
      • Table Malaysia - Credit Card Transaction Values by Scheme (US$ Billion), 2010-2014
      • Table Malaysia - Pay Later Card Transaction Values by Issuer (MYR Billion), 2010-2014
      • Table Malaysia - Pay Later Card Transaction Values by Issuer (US$ Billion), 2010-2014
      • Table Malaysia - Credit Card Balances Outstanding by Issuer (MYR Billion), 2010-2014
      • Table Malaysia - Credit Card Balances Outstanding by Issuer (US$ Billion), 2010-2014
      • Table Malaysia - Number of Charge Cards in Circulation (Thousand), 2010-2019
      • Table Malaysia - Charge Card Transaction Volumes and Frequency by Channel, 2010-2019
      • Table Malaysia - Charge Card Total and Average Transaction Values by Channel, 2010-2019
      • Table Malaysia - Charge Card Total and Average Transaction Values by Channel, 2010-2019
      • Table Malaysia - Number of Charge Cards in Circulation by Scheme (Thousand), 2010-2014
      • Table Malaysia - Charge Card Transaction Values by Scheme (MYR Million), 2010-2014
      • Table Malaysia - Charge Card Transaction Values by Scheme (US$ Million), 2010-2014
      • Table Malaysia - Number of Commercial Cards in Circulation (Thousand), 2010-2019
      • Table Malaysia - Commercial Card Transaction Values (MYR Billion), 2010-2019
      • Table Malaysia - Commercial Card Transaction Values (US$ Billion), 2010-2019
      • Table Malaysia - Card Fraud (MYR Million), 2010-2014
      • Table Malaysia - Card Fraud (US$ Million), 2010-2014
      • Table Malaysia - Number of Prepaid Cards in Circulation (Million), 2010-2019
      • Table Malaysia - Prepaid Cards Transaction Value (MYR Million), 2010-2019
      • Table Malaysia - Prepaid Cards Transaction Value (US$ Million), 2010-2019
      • Table Malaysia - Merchant Acquiring Transaction Volumes by Channel (Million), 2010-2019
      • Table Malaysia - Merchant Acquiring Transaction Values (MYR Billion), 2010-2019
      • Table Malaysia - Merchant Acquiring Transaction Values (US$ Billion), 2010-2019
      • Table Malaysia - Acquirers' Transaction Volumes (Million), 2010-2014
      • Table Malaysia - Acquirers' Transaction Values (MYR Billion), 2010-2014
      • Table Malaysia - Acquirers' Transaction Values (US$ Billion), 2010-2014
      • Table Malaysia - Retail Outlets and Merchant Accounts (Thousand), 2010-2019
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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