Malaysia has traditionally been a cash-dominant society. However, the COVID-19 pandemic has accelerated Malaysia’s push towards electronic payments, with card payments at point of sale (POS) terminals continuing to rise, according to GlobalData, a leading data and analytics company. According to GlobalData estimates, card payments in Malaysia will grow by 4.3% to reach MYR214.4bn (US$52.4bn) […]
COVID-19 is accelerating the digital shift in Malaysia. The Malaysia Digital Economy Corporation has announced the Malaysia 5.0 project while the latest research by GlobalData shows the rapid adoption of digital payments and e-Commerce. Malaysia Digital Economy Corporation (“MDEC”) is tasked with organising and leading Malaysia’s Digital Economy forward. MDEC has recently announced Malaysia 5.0, […]
Early adoption will be a key differentiator in the race to lead South East Asia in regulated digital asset exchanges and associated digital financial products and services – offering services such as primary listing of securities, listing of alternative assets and secondary-market trading of security tokens and cryptocurrencies with secure digital custody. By Hirander Misra, […]