Payment methods in Brunei
76% of Bruneians use e-commerce for shopping, banking, and bill payments.
Market takeaways
- 76% of Bruneians use e-commerce for shopping, banking, and bill payments.
- The digital commerce market is projected at US$530 million in 2024, growing at 3.58% CAGR through 2028.
- Brunei established a Fintech Regulatory Sandbox in 2017, enabling fintech innovation within regulatory guardrails.
- 57% of online shoppers prefer shopping websites; 24% prefer social media platforms (Facebook, Instagram).
- DSTPay and Beep Digital Solutions are emerging as local digital payment options.
Population
0.45M
Online population
~0.4M
B2C e-commerce
~$530M
Banked population
~95%
Credit card population
~50%
Payment method breakdown
- Card55%
- Cash20%
- E-Wallet15%
- Bank Transfer10%
Card scheme breakdown
Market data coming soon.
Cross-border e-commerce
Market data coming soon.
Featured payment methods in Brunei
All payment methods available in this market, sorted by prominence.
Bank Transfer (Internet & Mobile Banking)
Generic online and mobile bank-transfer methods (internet banking, e-banking, EFT and interbank transfers). Customers pay directly from their bank account via their bank's own online/mobile banking portal. Implementation and rails differ by country, but the consumer flow is a standard account-to-account bank transfer.
Takaful Brunei Mobile
Mobile-based insurance and payment services offered by Takaful Brunei, enabling customers to manage insurance premiums and related financial services digitally.
Mastercard
Mastercard is a leading global card network supporting credit, debit and prepaid card payments online, in-store and at ATMs worldwide. In the listed countries it is a core internationally accepted scheme.
Visa
Visa is the world's largest card network, enabling credit, debit and prepaid card payments online, in-store and at ATMs across virtually every market. In the listed countries Visa is a core internationally accepted scheme alongside local methods.
DSTPay
A digital payment solution operated by DST (DataStream Technology), Brunei's largest telecom provider. DSTPay supports mobile payments, bill payments, and merchant transactions, leveraging DST's broad consumer base in Brunei.
Beep Digital Solutions
A local Bruneian fintech providing digital payment services. Beep supports mobile wallet functionality, merchant payments, and digital top-ups, emerging as part of Brunei's fintech sandbox innovations.
Online Banking Transfers (IBG)
Interbank fund transfers via online banking platforms of local banks (Baiduri Bank, Bank Islam Brunei Darussalam, Standard Chartered, etc.). Bank transfers are commonly used for bill payments and e-commerce by banked consumers.
Featured banks in Brunei
All banks operating in this market, sorted by prominence.
Maybank
Kuala Lumpur, Malaysia
Maybank is Malaysia's largest bank and one of Southeast Asia's top financial groups, with a strong ASEAN franchise offering retail, SME, corporate, and Islamic banking.
CIMB Bank
Kuala Lumpur, Malaysia
CIMB Bank is Malaysia's second-largest bank and a leading regional bank across ASEAN, offering retail, SME, corporate, and Islamic banking.
Baiduri Bank Brunei
Bandar Seri Begawan, Brunei
Baiduri Bank is Brunei's leading private bank, offering retail, SME, and corporate banking.
Other Banks — Brunei
Bandar Seri Begawan, Brunei
Aggregate of remaining banks in Brunei, collectively ~90.0% of domestic banking assets.
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