Market Overview
Malaysia’s eCommerce market volume is expected to reach $14 billion by 2027*. * Source: Statista, 2023
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Population: 33M *
Kuala Lumpur has a large financial sector and is ranked 22nd in the world in the Global Financial Centres Index.
* Source: Worldbank, 2022
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eCommerce: 6.4B *
The market size is expected to rise dramatically in the coming years.
* Source: eCommerceDB, 2022
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Internet users: 96% *
By 2027, the eCommerce market is projected to have approximately 19.64 million users*.
* Source: Worldbank, 2022 & Statista, 2022
Gain insight into Malaysia's most relevant payment methods
- 38% Bank Transfers and RTP
- 33% Cards
- 19% eWallets
- 7% Cash
- 3% Others
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Credit and debit cards
Play like a local by offering traditional payment methods.
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Wallets
Tackle all audiences.
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Cash-based payments
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Online bank transfers
Count on a wide variety of options to drive conversion.
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Pay later
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