Malaysian Ringgit (MYR)
Bank transfers are the leading payment method in Malaysia, with 90% of consumers using this payment method once a month. Card payments are still popular among online consumers; around 73.8% of Malaysians own a debit card, and 21.3% have a credit card. Many still prefer to pay with cash, which is the most popular among older generations and first-time online shoppers.
Population
Banked Population:
Main industries
T, Financial Services, Manufacturing, Construction, and Education
Main imports
Integrated Circuits, Refined & Crude Petroleum, Special Purpose Ships, and Broadcasting Equipment
Main exports
Integrated Circuits, Refined Petroleum, Palm Oil, Semiconductor Devices, and Rubber
$11,371.1
Per capita (USD)
3.1%
Growth annually
37
World ranking
Total volume of digital payments projected to reach
$23.38B (USD)
Instant Bank Wire
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Fast Bank Transfer
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eWallet
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Fast Bank Transfer
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