The Cards and Payments Industry in Malaysia: Emerging trends and opportunities to 2020

The Cards and Payments Industry in Malaysia: Emerging trends and opportunities to 2020

Summary

GlobalDatas "The Cards and Payments Industry in Malaysia: Emerging trends and opportunities to 2020", report provides detailed analysis of market trends in the Malaysian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, payment cards, cash, direct debits, and cheques during the review-period (2012-16e).

The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2016-20f). It also offers information on the countrys competitive landscape, including the market shares of issuers and schemes.

The report brings together GlobalDatas research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy and recent changes in the regulatory structure.

This report provides top-level market analysis, information and insights into the Malaysian cards and payments industry, including -
- Current and forecast values for each market in the Malaysian cards and payments industry, including debit, credit and charge cards.
- Detailed insights into payment instruments including credit transfers, cash, cheques, direct debit, and payment cards. It also, includes an overview of the countrys key alternative payment instruments.
- E-commerce market analysis and payment methods.
- Analysis of various market drivers and regulations governing the Malaysian cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.

Scope

- Malaysias payment card market has recorded strong uptake in contactless technology, with all major banks including Maybank, Bank Simpanan Nasional (BSN), CIMB Bank, Public Bank, and Hong Leong Bank now offering contactless cards. The number of contactless POS terminals stood at 33,721 in 2016, increasing almost sevenfold from 4,839 terminals in 2015. To further encourage contactless payments, banks are launching innovative products. Maybank collaborated with Visa in January 2016 to launch an NFC wristband, Maybank Visa Payband, to enable its customers to make payments with a wave of the wrist.
- A growing preference for secure electronic payments, growth in the young population, and deeper smartphone penetration saw banks, payment service providers, and telecom companies launching new payment solutions to gain market share. Samsung Electronics, CIMB Bank, and Maybank all launched mobile wallets between 2016 and 2017.
- BNM launched the Malaysian Chip Card Specification initiative in 2014 as part of a shift towards EMV standards. According to BNM, complete migration to EMV standards with contactless functionality is expected to be completed by January 1, 2018. As a result, from 2015 banks gradually started to replace domestic debit cards with EMV-compliant cards with contactless functionality.

Reasons to buy

- Make strategic business decisions, using top-level historic and forecast market data, related to the Malaysian cards and payments industry and each market within it.
- Understand the key market trends and growth opportunities in the Malaysian cards and payments industry.
- Assess the competitive dynamics in the Malaysian cards and payments industry.
- Gain insights into marketing strategies used for various card types in Malaysia.
- Gain insights into key regulations governing the Malaysian cards and payments industry.

1. EXECUTIVE SUMMARY 2
1.1. Market overview 2
1.2. Key facts 4
1.3. Top five industry events 5
2. PAYMENT INSTRUMENTS 11
2.1. Current payment environment 11
3. E-COMMERCE AND ALTERNATIVE PAYMENTS 13
3.1. E-commerce market analysis 13
3.2. Alternative payment solutions 15
3.2.1. PayPal 15
3.2.2. CIMB Pay 15
3.2.3. Samsung Pay 15
3.2.4. JomPAY 15
3.2.5. MPay 16
3.2.6. Masterpass 16
3.2.7. Visa Checkout 16
3.2.8. Alipay 16
3.2.9. Maybank Pay 16
3.2.10. MOLPoints 17
3.2.11. Mobile Money 17
3.2.12. Celcom AirCash 17
4. REGULATIONS IN THE CARDS AND PAYMENTS INDUSTRY 18
4.1. Regulatory framework 18
4.1.1. Revised eligibility requirements for credit card issuance 18
4.1.2. Regulations to enhance credit card security 18
4.1.3. Agent banking requirements 18
4.2. Anti-money laundering 19
4.3. Foreign direct investment regulations 19
5. ANALYSIS OF CARDS AND PAYMENTS INDUSTRY DRIVERS 20
6. PAYMENT CARDS 23
7. DEBIT CARDS 25
7.1. Debit card market analysis 25
7.2. Competition in the debit card market 27
7.3. Debit card comparison 29
8. PAY-LATER CARDS 30
8.1. Pay-later card market analysis 30
8.2. Competition in the pay-later card market 32
8.3. Pay-later card comparison 34
9. PREPAID CARDS 36
10. MERCHANT ACQUIRING 38
11. APPENDIX 41
11.1. Abbreviations and acronyms 41
11.2. Supplementary data 42
11.4. Definitions 56
11.5. Methodology 58
11.6. Bibliography 60
11.7. Further reading 60

List Of Tables


Table 1: Malaysia: key facts, 2016 4
Table 2: Malaysia: regional benchmarking of payment cards, 2016 4
Table 3: Malaysia: mode of entry of foreign banks 19
Table 4: Malaysia: debit card comparison and key features, 2017 29
Table 5: Malaysia: gold credit card comparison and key features, 2017 34
Table 6: Malaysia: premium credit card comparison and key features, 2017 35
Table 7: Malaysia: charge card comparison and key features, 2017 35
Table 8: Malaysia: payment instrument transaction values (MYRbn), 2012-16e 42
Table 9: Malaysia: payment instrument transaction values ($bn), 2012-16e 42
Table 10: Malaysia: payment instrument transaction volumes (millions), 2012-16e 42
Table 11: Malaysia: payment cards in circulation by type (millions), 2012-20f 42
Table 12: Malaysia: volume of payment card transactions (millions), 2012-20f 43
Table 13: Malaysia: value of payment card transactions (MYRbn), 2012-20f 43
Table 14: Malaysia: value of payment card transactions ($bn), 2012-20f 43
Table 15: Malaysia: debit cards in circulation (millions), 2012-20f 43
Table 16: Malaysia: debit card transaction volumes, 2012-20f 44
Table 17: Malaysia: debit card transaction values (MYR), 2012-20f 44
Table 18: Malaysia: debit card transaction values ($), 2012-20f 44
Table 19: Malaysia: debit cards in circulation by scheme (millions), 2012-16e 45
Table 20: Malaysia: debit card transaction values by scheme (MYRbn), 2012-16e 45
Table 21: Malaysia: debit card transaction values by scheme ($bn), 2012-16e 45
Table 22: Malaysia: debit card transaction values by issuer (MYRbn), 2012-16e 45
Table 23: Malaysia: debit card transaction values by issuer ($bn), 2012-16e 46
Table 24: Malaysia: pay-later cards in circulation (millions), 2012-20f 46
Table 25: Malaysia: pay-later card transaction volumes, 2012-20f 46
Table 26: Malaysia: pay-later card transaction values (MYR), 2012-20f 47
Table 27: Malaysia: pay-later card transaction values ($), 2012-20f 47
Table 28: Malaysia: pay-later cards in circulation by scheme (000s), 2012-16e 47
Table 29: Malaysia: pay-later card transaction values by scheme (MYRbn), 2012-16e 48
Table 30: Malaysia: pay-later card transaction values by scheme ($bn), 2012-16e 48
Table 31: Malaysia: pay-later card transaction values by issuer (MYRbn), 2012-16e 48
Table 32: Malaysia: pay-later card transaction values by issuer ($bn), 2012-16e 48
Table 33: Malaysia: credit cards in circulation (millions), 2012-20f 49
Table 34: Malaysia: credit card transaction volumes, 2012-20f 49
Table 35: Malaysia: credit card transaction values (MYR), 2012-20f 49
Table 36: Malaysia: credit card transaction values ($), 2012-20f 49
Table 37: Malaysia: credit cards in circulation by scheme (000s), 2012-16e 50
Table 38: Malaysia: credit card transaction values by scheme (MYRbn), 2012-16e 50
Table 39: Malaysia: credit card transaction values by scheme ($bn), 2012-16e 50
Table 40: Malaysia: charge cards in circulation (000s), 2012-20f 50
Table 41: Malaysia: charge card transaction volumes, 2012-20f 51
Table 42: Malaysia: charge card transaction values (MYR), 2012-20f 51
Table 43: Malaysia: charge card transaction values ($), 2012-20f 51
Table 44: Malaysia: charge cards in circulation by scheme (000s), 2012-16e 52
Table 45: Malaysia: charge card transaction values by scheme (MYRbn), 2012-16e 52
Table 46: Malaysia: charge card transaction values by scheme ($bn), 2012-16e 52
Table 47: Malaysia: prepaid cards in circulation (millions), 2012-20f 52
Table 48: Malaysia: prepaid card transaction values (MYRbn), 2012-20f 52
Table 49: Malaysia: prepaid card transaction values ($m), 2012-20f 52
Table 50: Malaysia: merchant acquiring transaction volumes (millions), 2012-20f 53
Table 51: Malaysia: merchant acquiring transaction values (MYRbn), 2012-20f 53
Table 52: Malaysia: merchant acquiring transaction values ($bn), 2012-20f 53
Table 53: Malaysia: acquirers transaction volumes (millions), 2011-15 53
Table 54: Malaysia: acquirers transaction values (MYRbn), 2011-15 54
Table 55: Malaysia: acquirers transaction values ($bn), 2011-15 54
Table 56: Malaysia: retail outlets and card-accepting merchants (000s), 2012-20f 54
Table 57: Malaysia: debit card average interchange fees (%), 2011-15 54
Table 58: Malaysia: debit card merchant service charge and interchange fee (%), 2012-20f 55
Table 59: Malaysia: pay-later card average interchange fees (%), 2011-15 55
Table 60: Malaysia: pay-later card merchant service charge and interchange fee (%), 2012-20f 55
Table 61: Key definitions 56

List Of Figures


Figure 1: Malaysia: payment instrument shares by transaction value (%), 2012 vs 2016 11
Figure 2: Malaysia: payment instrument shares by transaction volume (%), 2012 vs 2016 12
Figure 3: Malaysia: e-commerce market value 13
Figure 4: Malaysia: population and economic indicators 20
Figure 5: Malaysia: ATMs, POS terminals, and household consumption 21
Figure 6: Malaysia: payment card transaction value and cards in circulation, 2012-20f 23
Figure 7: Malaysia: debit card penetration and turnover per card 25
Figure 8: Malaysia: debit card scheme and issuer transaction value shares, 2016 27
Figure 9: Malaysia: pay-later card penetration and turnover per card 30
Figure 10: Malaysia: pay-later card scheme and issuer transaction value shares, 2016 32
Figure 11: Malaysia: prepaid cards in circulation and transaction value, 2012-20f 36
Figure 12: Malaysia: merchant acquiring transaction volume and value, 2012-20f 38
Figure 13: Malaysia: acquirers market share in terms of transaction volume and value (%), 2015 39
Figure 14: Malaysia: average merchant service charge and interchange fee (%), 2012-20f 40

2022 United Therapeutics Half-Year Review and Outlook--Strategic SWOT Analysis, Performance, Capabilities, Goals and Strategies in the Global Biotechnology Industry

This report is part of the LeadingMarketResearch.com Competitive Analysis Series, which includes assessments of more than 1,000 companies worldwide.The report provides significant competitor information, analysis and insight critical to the

USD 850 View Report

2022 Seattle Genetics Half-Year Review and Outlook--Strategic SWOT Analysis, Performance, Capabilities, Goals and Strategies in the Global Biotechnology Industry

This report is part of the LeadingMarketResearch.com Competitive Analysis Series, which includes assessments of more than 1,000 companies worldwide.The report provides significant competitor information, analysis and insight critical to the

USD 850 View Report

Kazakhstan Cards and Payments - Opportunities and Risks to 2025

Kazakhstan Cards and Payments - Opportunities and Risks to 2025GlobalDatas Kazakhstan Cards and Payments - Opportunities and Risks to 2025 report provides detailed analysis of market trends in the Kazak

USD 2750 View Report

United Kingdom (UK) Cards and Payments - Opportunities and Risks to 2025

United Kingdom (UK) Cards and Payments - Opportunities and Risks to 2025GlobalDatas United Kingdom (UK) Cards and Payments - Opportunities and Risks to 2025 report provides detailed analysis of market

USD 2750 View Report

Fill The Form For Sample Request

Note : * Kindly provide us with your company id and get the sample reports at the earliest.

There is no Reviews available

 

 

FAQs

Yes, you will receive a sample copy of the market research report from the sales team when you put a query to us. The sample report is free and offers a brief view of the report and information on data available before you purchase the full-fledged report. Also, we will provide a demo sample for any oncoming study.

Select the report you wish to purchase and proceed to buy it by making an online payment. We use a secured gateway for payment transfers and do not share your financial information with any unconcerned third party.

The report will be delivered in spreadsheet and PDF format. In some cases, PPT formats could be available as well.

After confirmation of the payment, you will receive the electronic format of the report at your registered email address in (mention the timeline for the delivery). If you buy a report over a holiday or weekend, we will process the request the next working day.

Market studies and reports already contain important data and are ready for distribution to the purchaser. However, if there is any particular query, addition, or customization you require, then contact us on our email id or phone. We will look to accommodate your request and see what can be done at the earliest. The research team will design the report accordingly and discuss the solutions beforehand with you.

The price of the customized report will be conveyed to you by our team after we agree on the deliverable. A delivery timeline will be set so that you get the report within the expected date. Any requests for customizations after selling the report will be handled by a separate department and the prices for the same mentioned upfront.

While usually such a request is not accommodated as any market research report is wholesome and the cost of the report is for overall contents, in special cases, we may be able to sell select segments of the report based on your requirements.

Our team will love to support academicians, start-ups, students, and others with consulting and research. Thus, our pricing plan is based on keeping these interests in mind and is already affordable. However, we may have discounts available for particular customer types and reports. So, contact us for more information.

We have consumer-centric reports and offer several facilities before selling. You will get a free review and sample report, talk to our customer care team for any additions to be done and meet special requirements, and interact with our analysts for deeper understanding.

Yes, you will get an invoice for the purchase you made. The invoice will be sent to you electronically on your registered email id.

We have a vast database of market reports and studies and there are a few which may not have been uploaded yet. If you are unable to find the one you want, then get in touch with our sales team by phone or email and we will connect with you for assistance.

Not every study is the same. Thus, the update for reports will depend on the ongoing research and changes if any to be incorporated in the document or not.

The market research reports are constructed keeping in mind the industry trends, nature of the study, and required inputs. But if you want something more than what is stated in the report, we can help you out with further research if possible. Contact us right away, and we will do the needful to aid you.

Once the payment is done, it is non-refundable because as per the standard policy, the utility of the reports is based on knowledge sharing, and thus, a refund is not possible to make after we have issued you obtain the study. To avoid the hassle, we have a detailed view of the report and its ideas through a sample report.

If the payment fails then be assured that you shall receive the money back to the source payment mode from the payment gateway. Aarkstore is not responsible for any loss of payment in the process.

Yes, we can provide a report or segment related to a particular region or geography if we have that feature available for the document.

Yes, we are here to solve any queries you may have for the report from our analyst till a given timeframe. To understand more about this, get in touch with us.