Despite increased competition from other payment methods, pre-paid cards retains the potential for growth as Malaysia continues to shift towards a cashless society. With the use of cash in long-term decline, a trend accelerated by the Coronavirus (COVID-19) pandemic, many local consumers, including those among the unbanked population, who do not own a financial card of any type, are more likely to convert to pre-paid cards. This is because the use of pre-paid cards is more similar to cash than e...
Euromonitor International's Pre-Paid Card Transactions in Malaysia report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the Pre-Paid Card Transactions market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop.
Pre-Paid Cards in Malaysia
Euromonitor International
November 2023
List Of Contents And Tables
PRE-PAID CARDS IN MALAYSIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Open loop pre-paid cards gain traction fast through use for parking and motorway facilities but closed loop pre-paid cards face strong competition
The interest in pre-paid cards benefits strongly from the changing digital payment landscape
Partnership with Visa spurs Touch ‘n Go
PROSPECTS AND OPPORTUNITIES
Additional payment methods for major tolls and motorways are set to change the landscape of pre-paid card payments
Stiff competition from mobile wallets amid a shifting payment landscape in Malaysia
Soaring number of pre-paid cards to cater to rising travel needs
CATEGORY DATA
Table 1 Pre-paid Cards: Number of Cards in Circulation 2018-2023
Table 2 Pre-paid Cards Transactions 2018-2023
Table 3 Pre-paid Cards in Circulation: % Growth 2018-2023