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Malaysia

MY · MYS · 458Asia-PacificMYR RM31 methods

Revised · 1 source

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Between 2022 and 2023, the Malaysian e-commerce market will grow from US$10 billion to US$23 billion.

$10 bn
e-commerce spend
31.0M
online population
9%
of total retail
0%
cross-border spend
90%
banked adults
24%
credit card population
MixMethodsBehaviourBanksSourcesFacts

Payment mix

share of e-commerce spend

Methods in use

top 8 of 31 · by spend
All 31 methods in Malaysia →

Checkout behaviour

The average Malaysian online shopper spends US$326 a year with e-commerce merchants, set to rise to US$685 by 2027.

Malaysians use cards to pay for just 28% of their online purchases. For the rest they use cash and a variety of digital payment methods.

0%
shoppers buying cross-border
$5B
cross-border value
9%
e-commerce of retail
Facts
ISO 3166
MY · MYS · 458
Region
Asia-Pacific
Population
33.0M
Currency
MYR RM
Banked adults
90%
Methods live
31
Banks covered
8
Largest banks
Compare with
ChinaSwedenPeruNigeria
Sources
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