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.
- 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:
- Market Overview
- Card-based Payments
- E-commerce Payments
- Alternative Payments
- Payments Infrastructure & Regulation
- Bank Simpanan Nasional
- Public Bank
- CIMB Bank
- Bank Islam
- Hong Leong Bank
- American Express
- Diners Club
For more information about this report visit https://www.researchandmarkets.com/research/dhtrtp/payments