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Share of respondents in Malaysia who are interested in virtual banking as of November 2019, by income*

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Sources

Release date

November 2019

Region

Malaysia

Survey time period

October 2019

Number of respondents

1,517 respondents

Age group

18 years and older

Special properties

Respondents were imposed for age, gender and income to ensure sample representivity when reporting at the overall level.

Method of interview

Online survey

Supplementary notes

*High-income earners were classified as those who were earning more than RM 5,000 a month, middle-income earners between RM 2,000-5,000, and low-income earners less than RM 2,000 a month.

Note: 1 Malaysian ringgit is equivalent to 0.24 U.S. dollars and 0.22 euros as of January 2020.

Citation formats

Respondents who are interested in virtual banking Malaysia 2019 by income

Published by
F. Watty,
Jan 30, 2020
According to a survey in ***, ** percent of respondents in Malaysia who earned more than *** Malaysian ringgit a month stated that they were aware of virtual banking. The digital approach is growing as a part of the business model for banks in Malaysia. In ***, Bank Negara, Malaysia's central bank, established licensing frameworks for virtual banks in the country.
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