Malaysia Payments Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Malaysian payments market was valued at USD 157.00 billion in 2021 and is expected to register a CAGR of 10.30% during the forecast period. The development of payment technologies has accelerated significantly over the last few years. Although cash is one of the primary payment methods in the country, the number of digital transactions is growing. The government has established an infrastructure for the smooth functioning of the same.
Key HighlightsMalaysia's payment market is highly competitive, with many local and global players. The major players in the market are leveraging strategic collaborative actions and innovations to improve their market shares and enhance their profitability.
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