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Market share of e-commerce payment methods in Malaysia in 2022, with forecasts for 2024 and 2027

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Source

Release date

October 2023

Region

Malaysia

Survey time period

2022

Supplementary notes

*Forecast.

**Include credit and debit cards.
***Include RTP schemes, local payments, and online banking.
****Include cash on delivery, counter payments, and ATM payments.

Citation formats

Share of e-commerce payments in Malaysia 2022-2027

Published by ÌÇÐÄÆƽâ°æ Research Department, Oct 28, 2023
In 2022, with ** percent, domestic payments which include real-time payment (RTP) schemes and online bank transfers, had the biggest market share among other methods of e-commerce payments. This was forecast to decrease and other cashless methods like mobile wallets and buy now pay later (BNPL) were expected to gain more popularity by 2027.
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Topics

Fintech in MalaysiaE-commerce in MalaysiaDigital payments in MalaysiaBanking industry in MalaysiaInsurance industry in Malaysia
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