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Country Report

Financial Cards and Payments in

Financial Cards and Payments in Malaysia

48 pages, Nov 2018

US$2,100

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Executive Summary

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Strong growth seen in debit transactions as mobile payments rise

Credit card transactions continue to dominate card payment transactions, despite seeing slow growth. Meanwhile, debit card usage is recording a significant rise in transactions and is predicted to remain popular.

Mobile applications and e-wallets gain popularity

Non-bank parties are becoming involved in the payments industry and retail outlets have been receptive, moving into the new era by accepting cashless payments via e-wallets such as Alipay and WeChat Pay My. Such e-payment services are accepted not only at selected retail outlets but also at convenience stores across the country.

Moving towards the future of e-payments with QR codes

The rapid development of e-wallets has prompted BNM to formulate the Interoperable Credit Transfer Framework (ICTF) to ensure seamless fund transfers between banks and e-wallets. The platform will allow banks and non-banks to come together on a single payment platform.

Payment card security issue is not a deterrent to credit card growth

According to BNM’s 2017 Annual Report, a major milestone in the year was the smooth transition from signature-based to the more secure PIN-based payment cards, which was launched in July. The idea is to secure the ownership of credit cards.

Physical cards continue to play a strong role despite the rising popularity of digital payment

Financial cards in circulation saw growth in the number of accounts in 2017 and 2018. Digital payment transactions may be gaining popularity and growing, but the transactions of digital applications are mainly targeted towards everyday merchants such as supermarkets, pharmacies and cafés.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Overview

Discover the latest market trends and uncover sources of future market growth for the Financial Cards and Payments industry in Malaysia with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Financial Cards and Payments industry in Malaysia, our research will save you time and money while empowering you to make informed, profitable decisions.

The Financial Cards and Payments in Malaysia market research report includes:

Analysis of key supply-side and demand trends
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Financial Cards and Payments in Malaysia?
What are the major operators and issuers in Malaysia?
How will regulation impact the market?
What is the current state of emerging payment technologies such as mobile commerce?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

Euromonitor’s industry reports, including Financial Cards and Payments in Malaysia, originate from our database within our Consumer Finance market share and market size database, Passport, a platform which analyses Consumer Finance in 46 countries and globally.

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Financial Cards and Payments in Malaysia - Industry Overview

EXECUTIVE SUMMARY

Strong growth seen in debit transactions as mobile payments rise

Mobile applications and e-wallets gain popularity

Moving towards the future of e-payments with QR codes

Payment card security issue is not a deterrent to credit card growth

Physical cards continue to play a strong role despite the rising popularity of digital payment

MARKET INDICATORS

Table 1 Number of POS Terminals: Units 2013-2018
Table 2 Number of ATMs: Units 2013-2018
Table 3 Value Lost to Fraud 2013-2018
Table 4 Card Expenditure by Location 2017
Table 5 Financial Cards in Circulation by Type: % Number of Cards 2013-2018
Table 6 Domestic versus Foreign Spend 2018

MARKET DATA

Table 7 Financial Cards by Category: Number of Cards in Circulation 2013-2018
Table 8 Financial Cards by Category: Number of Accounts 2013-2018
Table 9 Financial Cards Transactions by Category: Value 2013-2018
Table 10 Financial Cards by Category: Number of Transactions 2013-2018
Table 11 Consumer Payments by Category: Value 2013-2018
Table 12 Consumer Payments by Category: Number of Transactions 2013-2018
Table 13 M-Commerce by Category: Value 2013-2018
Table 14 M-Commerce by Category: % Value Growth 2013-2018
Table 15 Financial Cards: Number of Cards by Issuer 2013-2017
Table 16 Financial Cards: Number of Cards by Operator 2013-2017
Table 17 Financial Cards: Card Payment Transactions Value by Operator 2013-2017
Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2013-2017
Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2018-2023
Table 20 Forecast Financial Cards by Category: Number of Accounts 2018-2023
Table 21 Forecast Financial Cards Transactions by Category: Value 2018-2023
Table 22 Forecast Financial Cards by Category: Number of Transactions 2018-2023
Table 23 Forecast Consumer Payments by Category: Value 2018-2023
Table 24 Forecast Consumer Payments by Category: Number of Transactions 2018-2023
Table 25 Forecast M-Commerce by Category: Value 2018-2023
Table 26 Forecast M-Commerce by Category: % Value Growth 2018-2023

SOURCES

Summary 1 Research Sources

Charge Cards in Malaysia - Category analysis

HEADLINES

PROSPECTS

Charge card owners’ spending power increases while ownership declines

Reward points are the main attraction for business and affluent spenders

COMPETITIVE LANDSCAPE

Credit and debit cards emerge as strong competitors for affluent spending

Low awareness for charge cards

CATEGORY DATA

Table 27 Charge Cards: Number of Cards in Circulation 2013-2018
Table 28 Charge Cards Transactions 2013-2018
Table 29 Charge Cards in Circulation: % Growth 2013-2018
Table 30 Charge Cards Transactions: % Growth 2013-2018
Table 31 Commercial Charge Cards: Number of Cards in Circulation 2013-2018
Table 32 Commercial Charge Cards Transactions 2013-2018
Table 33 Commercial Charge Cards in Circulation: % Growth 2013-2018
Table 34 Commercial Charge Cards Transactions: % Growth 2013-2018
Table 35 Personal Charge Cards: Number of Cards in Circulation 2013-2018
Table 36 Personal Charge Cards Transactions 2013-2018
Table 37 Personal Charge Cards in Circulation: % Growth 2013-2018
Table 38 Personal Charge Cards Transactions: % Growth 2013-2018
Table 39 Charge Cards: Number of Cards by Issuer 2013-2017
Table 40 Charge Cards: Number of Cards by Operator 2013-2017
Table 41 Charge Cards Payment Transaction Value by Issuer 2013-2017
Table 42 Charge Cards Payment Transaction Value by Operator 2013-2017
Table 43 Commercial Charge Cards: Number of Cards by Issuer 2013-2017
Table 44 Commercial Charge Cards: Number of Cards by Operator 2013-2017
Table 45 Commercial Charge Cards Payment Transaction Value by Issuer 2013-2017
Table 46 Commercial Charge Cards Payment Transaction Value by Operator 2013-2017
Table 47 Personal Charge Cards: Number of Cards by Issuer 2013-2017
Table 48 Personal Charge Cards: Number of Cards by Operator 2013-2017
Table 49 Personal Charge Cards Transaction Value by Issuer 2013-2017
Table 50 Personal Charge Cards Transaction Value by Operator 2013-2017
Table 51 Forecast Charge Cards: Number of Cards in Circulation 2018-2023
Table 52 Forecast Charge Cards Transactions 2018-2023
Table 53 Forecast Charge Cards in Circulation: % Growth 2018-2023
Table 54 Forecast Charge Cards Transactions: % Growth 2018-2023
Table 55 Forecast Commercial Charge Cards: Number of Cards in Circulation 2018-2023
Table 56 Forecast Commercial Charge Cards Transactions 2018-2023
Table 57 Forecast Commercial Charge Cards in Circulation: % Growth 2018-2023
Table 58 Forecast Commercial Charge Cards Transactions: % Growth 2018-2023
Table 59 Forecast Personal Charge Cards: Number of Cards in Circulation 2018-2023
Table 60 Forecast Personal Charge Cards Transactions 2018-2023
Table 61 Forecast Personal Charge Cards in Circulation: % Growth 2018-2023
Table 62 Forecast Personal Charge Cards Transactions: % Growth 2018-2023

Credit Cards in Malaysia - Category analysis

HEADLINES

PROSPECTS

Hassle-free credit service guarantees credit cards growth

Credit card rewards retain merchant and consumer support for payment cards

COMPETITIVE LANDSCAPE

SST effect likely to slow credit cards growth

The younger generation are cautious about credit card debt

CATEGORY DATA

Table 63 Credit Cards: Number of Cards in Circulation 2013-2018
Table 64 Credit Cards Transactions 2013-2018
Table 65 Credit Cards in Circulation: % Growth 2013-2018
Table 66 Credit Cards Transactions: % Growth 2013-2018
Table 67 Commercial Credit Cards: Number of Cards in Circulation 2013-2018
Table 68 Commercial Credit Cards Transactions 2013-2018
Table 69 Commercial Credit Cards in Circulation: % Growth 2013-2018
Table 70 Commercial Credit Cards Transactions: % Growth 2013-2018
Table 71 Personal Credit Cards: Number of Cards in Circulation 2013-2018
Table 72 Personal Credit Cards Transactions 2013-2018
Table 73 Personal Credit Cards in Circulation: % Growth 2013-2018
Table 74 Personal Credit Cards Transactions: % Growth 2013-2018
Table 75 Credit Cards: Number of Cards by Issuer 2013-2017
Table 76 Credit Cards: Number of Cards by Operator 2013-2017
Table 77 Credit Cards Payment Transaction Value by Issuer 2013-2017
Table 78 Credit Cards Payment Transaction Value by Operator 2013-2017
Table 79 Commercial Credit Cards: Number of Cards by Issuer 2013-2017
Table 80 Commercial Credit Cards: Number of Cards by Operator 2013-2017
Table 81 Commercial Credit Cards Payment Transaction Value by Issuer 2013-2017
Table 82 Commercial Credit Cards Payment Transaction Value by Operator 2013-2017
Table 83 Personal Credit Cards: Number of Cards by Issuer 2013-2017
Table 84 Personal Credit Cards: Number of Cards by Operator 2013-2017
Table 85 Personal Credit Cards Payment Transaction Value by Issuer 2013-2017
Table 86 Personal Credit Cards Payment Transaction Value by Operator 2013-2017
Table 87 Forecast Credit Cards: Number of Cards in Circulation 2018-2023
Table 88 Forecast Credit Cards Transactions 2018-2023
Table 89 Forecast Credit Cards in Circulation: % Growth 2018-2023
Table 90 Forecast Credit Cards Transactions: % Growth 2018-2023
Table 91 Forecast Commercial Credit Cards: Number of Cards in Circulation 2018-2023
Table 92 Forecast Commercial Credit Cards Transactions 2018-2023
Table 93 Forecast Commercial Credit Cards in Circulation: % Growth 2018-2023
Table 94 Forecast Commercial Credit Cards Transactions: % Growth 2018-2023
Table 95 Forecast Personal Credit Cards: Number of Cards in Circulation 2018-2023
Table 96 Forecast Personal Credit Cards Transactions 2018-2023
Table 97 Forecast Personal Credit Cards in Circulation: % Growth 2018-2023
Table 98 Forecast Personal Credit Cards Transactions: % Growth 2018-2023

Debit Cards in Malaysia - Category analysis

HEADLINES

PROSPECTS

Debit cards are looking at a digitised future with mobile payments

Debit cards are key in driving a cashless society

Frictionless application process and usage give the edge to debit cards

COMPETITIVE LANDSCAPE

Debit cards face a challenge with the consumer preference for online bank transfers

Efforts to tap the unbanked population could upset debit card ownership

Technology integration in debit cards raises trust concerns among consumers

CATEGORY DATA

Table 99 Debit Cards: Number of Cards in Circulation 2013-2018
Table 100 Debit Cards Transactions 2013-2018
Table 101 Debit Cards in Circulation: % Growth 2013-2018
Table 102 Debit Cards Transactions: % Growth 2013-2018
Table 103 Debit Cards: Number of Cards by Issuer 2013-2017
Table 104 Debit Cards: Number of Cards by Operator 2013-2017
Table 105 Debit Cards Payment Transaction Value by Issuer 2013-2017
Table 106 Debit Cards Payment Transaction Value by Operator 2013-2017
Table 107 Forecast Debit Cards: Number of Cards in Circulation 2018-2023
Table 108 Forecast Debit Cards Transactions 2018-2023
Table 109 Forecast Debit Cards in Circulation: % Growth 2018-2023
Table 110 Forecast Debit Cards Transactions: % Growth 2018-2023

Pre-Paid Cards in Malaysia - Category analysis

HEADLINES

PROSPECTS

Pre-paid cards offer an alternative for budget-conscious consumers

Opportunity for merchants in closed loop pre-paid cards

COMPETITIVE LANDSCAPE

Cobranding as a marketing strategy to engage consumer interest

Visa and Mastercard are main players in open loop pre-paid cards but need to be aware of their absence from closed loop pre-paid cards

CATEGORY DATA

Table 111 Pre-paid Cards: Number of Cards in Circulation 2013-2018
Table 112 Pre-paid Cards Transactions 2013-2018
Table 113 Pre-paid Cards in Circulation: % Growth 2013-2018
Table 114 Pre-paid Cards Transactions: % Growth 2013-2018
Table 115 Closed Loop Pre-paid Cards Transactions 2013-2018
Table 116 Closed Loop Pre-paid Cards Transactions: % Growth 2013-2018
Table 117 Open Loop Pre-paid Cards Transactions 2013-2018
Table 118 Open Loop Pre-paid Cards Transactions: % Growth 2013-2018
Table 119 Pre-paid Cards: Number of Cards by Issuer 2013-2017
Table 120 Pre-paid Cards: Number of Cards by Operator 2013-2017
Table 121 Pre-paid Cards Transaction Value by Issuer 2013-2017
Table 122 Pre-paid Cards Transaction Value by Operator 2013-2017
Table 123 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2013-2017
Table 124 Closed Loop Pre-paid Cards: Number of Cards by Operator 2013-2017
Table 125 Closed Loop Pre-paid Cards Transaction Value by Issuer 2013-2017
Table 126 Closed Loop Pre-paid Cards Transaction Value by Operator 2013-2017
Table 127 Open Loop Pre-paid Cards: Number of Cards by Issuer 2013-2017
Table 128 Open Loop Pre-paid Cards: Number of Cards by Operator 2013-2017
Table 129 Open Loop Pre-paid Cards Transaction Value by Issuer 2013-2017
Table 130 Open Loop Pre-paid Cards Transaction Value by Operator 2013-2017
Table 131 Forecast Pre-paid Cards: Number of Cards in Circulation 2018-2023
Table 132 Forecast Pre-paid Cards Transactions 2018-2023
Table 133 Forecast Pre-paid Cards in Circulation: % Growth 2018-2023
Table 134 Forecast Pre-paid Cards Transactions: % Growth 2018-2023
Table 135 Forecast Closed Loop Pre-paid Cards Transactions 2018-2023
Table 136 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2018-2023
Table 137 Forecast Open Loop Pre-paid Cards Transactions 2018-2023
Table 138 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2018-2023

Megatrends

Country Report

Financial Cards and Payments in Malaysia

New Report Guarantee

Executive Summary

New Report Guarantee

Strong growth seen in debit transactions as mobile payments rise

Mobile applications and e-wallets gain popularity

Moving towards the future of e-payments with QR codes

Payment card security issue is not a deterrent to credit card growth

Physical cards continue to play a strong role despite the rising popularity of digital payment

Overview

Why buy this report?

Samples (FAQs about samples):

Want to find out more about this report?

Table of Contents

Financial Cards and Payments in Malaysia - Industry Overview

EXECUTIVE SUMMARY

Strong growth seen in debit transactions as mobile payments rise

Mobile applications and e-wallets gain popularity

Moving towards the future of e-payments with QR codes

Payment card security issue is not a deterrent to credit card growth

Physical cards continue to play a strong role despite the rising popularity of digital payment

MARKET INDICATORS

MARKET DATA

SOURCES

Charge Cards in Malaysia - Category analysis

HEADLINES

PROSPECTS

Charge card owners’ spending power increases while ownership declines

Reward points are the main attraction for business and affluent spenders

COMPETITIVE LANDSCAPE

Credit and debit cards emerge as strong competitors for affluent spending

Low awareness for charge cards

CATEGORY DATA

Credit Cards in Malaysia - Category analysis

HEADLINES

PROSPECTS

Hassle-free credit service guarantees credit cards growth

Credit card rewards retain merchant and consumer support for payment cards

COMPETITIVE LANDSCAPE

SST effect likely to slow credit cards growth

The younger generation are cautious about credit card debt

CATEGORY DATA

Debit Cards in Malaysia - Category analysis

HEADLINES

PROSPECTS

Debit cards are looking at a digitised future with mobile payments

Debit cards are key in driving a cashless society

Frictionless application process and usage give the edge to debit cards

COMPETITIVE LANDSCAPE

Debit cards face a challenge with the consumer preference for online bank transfers

Efforts to tap the unbanked population could upset debit card ownership

Technology integration in debit cards raises trust concerns among consumers

CATEGORY DATA

Pre-Paid Cards in Malaysia - Category analysis

HEADLINES

PROSPECTS

Pre-paid cards offer an alternative for budget-conscious consumers

Opportunity for merchants in closed loop pre-paid cards

COMPETITIVE LANDSCAPE

Cobranding as a marketing strategy to engage consumer interest

Visa and Mastercard are main players in open loop pre-paid cards but need to be aware of their absence from closed loop pre-paid cards

CATEGORY DATA

Store Cards in Malaysia - Category analysis

PROSPECTS

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