Malaysia Payments Landscape 2017 – Opportunities and Risks to 2021 – Research and Markets

05-Oct-2017 Intellasia | BusinessWire | 7:03 PM Print This Post

DUBLIN–(BUSINESS WIRE)–The “Payments
Landscape in Malaysia: Opportunities and Risks to 2021″
report
has been added to Research and Markets’ offering.

“Payments Landscape in Malaysia: Opportunities and Risks to 2021″,
report provides detailed analysis of market trends in Malaysian cards
and payments industry. It provides values and volumes for a number of
key performance indicators in the industry, including credit transfers,
direct debit, cash, payment cards, and cheques during the review-period
(2013-17e).

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 (2017-21f). It also offers information on the
country’s competitive landscape, including the market shares of issuers
and schemes.

Scope

  • Malaysia’s payment card market has recorded strong uptake in
    contactless technology, with all major banks including Maybank, Bank
    Simpanan Nasional (BSN), CIMB Bank, Public Bank, and Hong Leong Bank
    now offering contactless cards. The number of contactless POS
    terminals stood at 33,721 in 2016, increasing almost sevenfold from
    4,839 terminals in 2015. To further encourage contactless payments,
    banks are launching innovative products. Maybank collaborated with
    Visa in January 2016 to launch an NFC wristband, Maybank Visa Payband,
    to enable its customers to make payments with a wave of the wrist.
  • A growing preference for secure electronic payments, growth in the
    young population, and deeper smartphone penetration have prompted
    banks, payment service providers, and telecom companies to launch new
    payment solutions to gain market share. Samsung Electronics, CIMB
    Bank, and Maybank all launched mobile wallets between 2016 and 2017.
  • To provide impetus to the e-commerce market, the Malaysian government
    implemented the DFTZ as part of the National E-commerce Strategic
    Roadmap. Launched in March 2017, this is a national initiative
    developed by the Malaysia Digital Economy Corporation in partnership
    with Alibaba that aims to support digital services, international
    e-commerce, and internet-based innovations.

Key Topics Covered:

  1. Market Overview
  2. Card-based Payments
  3. E-commerce Payments
  4. Alternative Payments
  5. Payments Infrastructure & Regulation
  6. Appendix

Companies Mentioned

  • Maybank
  • Bank Simpanan Nasional
  • Public Bank
  • CIMB Bank
  • Bank Islam
  • Citibank
  • Hong Leong Bank
  • HSBC
  • AmBank
  • Bankcard
  • Visa
  • Mastercard
  • American Express
  • Diners Club

For more information about this report visit https://www.researchandmarkets.com/research/dhtrtp/payments

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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Related
Topics: Bank
Cards

 


Category: BusinessWire, PRAsia

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