See Also
Payment methods in MalaysiaMalaysian E-Wallet Usage In 2023: Peaking and Here to StayMY TouristPay App3 Best Travel Cards for MalaysiaHere are the top takeaways you need to know about the Malaysian e-commerce market:
– Between 2022 and 2023, the Malaysian e-commerce market will grow from US$10 billion to US$23 billion.
– The average Malaysian online shopper spends US$326 a year with e-commerce merchants, set to rise to US$685 by 2027.
– Malaysians use cards to pay for just 28% of their online purchases. For the rest they use cash and a variety of digital payment methods.
– Popular payment methods in Malaysia include GrabPay, Boost and bank-transfer app CIMB Clicks.
– Malaysians use mobile devices to complete 56% of their online transactions, making mobile optimization a must.
