Asia-Pacific · GDP rank #35
Malaysia
MY · MYR @ 0.2532/USD
Malaysia ran the highest-velocity DuitNow rollout in ASEAN. PayNet cleared 8.44bn digital transactions in 2025 (+34% YoY), DuitNow QR alone doubled to 3bn, and the country operates the densest ASEAN cross-border QR mesh (live with SG, TH, ID, CN, KH; IN expected 2026). Malaysia is one of the five founding-country IPSs inside the BIS Project Nexus Scheme Organisation. BNM's five licensed digital banks are now in operational years two and three; the Securities Commission frames stablecoin and tokenised-deposit policy.
Tab 02
Consumer payments
How consumers actually pay: the share of cash, the stock and flow of cards, the scheme split at checkout, which mobile wallets matter, and how broadly POS acceptance reaches.
Every figure is authored against a named publisher — click the ⓘ anywhere to open the source panel with the underlying URL and access date.
Cash share of POS volume
% · 2024
Debit card share
% · 2024
Credit card share
% · 2024
Maybank, CIMB, Public Bank, RHB dominate issuance; Sharia-compliant credit-i meaningful but not dominant.
Mobile wallet share
% · 2024
Counts wallet-as-card flows separately from wallet-initiated DuitNow QR.
Payment mix
At the point of sale
The shares below are POS volume (count of transactions), which reads differently from POS value. For the value-share read, see the card-economy grid underneath.
Share of POS
- Cash28%
- Credit card18%
- Debit card15%
- Instant / A2A32%
- Mobile wallet5%
- BNPL~4%
- Other2%
Cash behaviour
- ATM network
- 11,200
- Avg. ATM withdrawal
- RM 320
- Cash share · value
- 14%
- Cash share · volume
- 28%
Source · Bank Negara Malaysia
Scheme share
Which networks clear the card volume
Scheme share is the split of general-purpose card purchase volume — not issuance, not count of cards. A high domestic share (e.g. UnionPay, RuPay, ELO) means a large share of card flow never touches a global scheme.
PayNet's domestic debit scheme; mandatory co-badging on Malaysian-issued debit cards since 2019.
Share of card volume
- Visa42%
- Mastercard38%
- Amex2%
- Other<1%
- Domestic Scheme18%
Debit card transactions
transactions/year · 2024
Debit transaction value
MYR/year · 2024
Credit card transactions
transactions/year · 2024
Credit transaction value
MYR/year · 2024
Average debit ticket size
MYR · 2024
Average credit ticket size
MYR · 2024
Mobile wallets
Where wallets actually land
User counts are the best single scalar for wallet reach, but they understate usage intensity in markets where one super-app carries multi-digit trillions of renminbi or rupees. For flow, see the rails tab.
Active users
- Touch 'n Go eWallet22M
2024
- Boost11.5M
2024
- ShopeePay9.0M
2024
- GrabPay7.5M
2024
Notable wallets
Touch 'n Go eWallet
TNG Digital
Boost
Boost
ShopeePay
Sea Group
GrabPay
Grab Holdings
Full reference
Kpis
POS terminals (Malaysia)
terminals · 2024— DuitNow QR mandated as national interoperable standard; deployed across all major wallets.