Malaysia’s Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape
Synopsis The report provides top-level market analysis, information and insights into Malaysia's cards and payments industry, including: Current and forecast values for each category of Malaysia's cards and payments industry, including debit cards, credit cards, charge cards and prepaid cards Comprehensive analysis of the industry’s market attractiveness and future growth areas Analysis of various market drivers and regulations governing Malaysia's cards and payments industry Detailed analysis of the marketing strategies adopted for selling debit, credit, charge and prepaid cards used by banks and other institutions in the market Comprehensive analysis of consumer attitudes and buying preferences for cards The competitive landscape of Malaysia's cards and payments industry Complete Report Available at http://marketreportsstore.com/malaysias-cards-and-payments-industryemerging-opportunities-trends-size-drivers-strategies-products-and-competitive-landscape/ . Summary The Malaysian payment cards instrument registered positive growth during the review period (2009– 2013), recording a compound annual growth rate (CAGR) of 7.09% to reach 50.5 million cards in circulation by the end of 2013. In terms of transaction value, payment cards valued MYR402.9 billion (US$128.2 billion) in 2013, after registering a review-period CAGR of 6.87%. Robust economic performance, improved banking infrastructure, new product developments and growing acceptance of card-based payments at POS terminals and on public transport were key factors driving growth. The adoption of Europay, MasterCard and Visa (EMV) standards, and the emergence of contactless technology also supported the growth. The average transaction value (ATV) in Malaysia in 2013 was US$141.1, lower than China and Thailand, which recorded ATVs of US$299.1 and US$152.6 respectively, but higher than Australia and India, which recorded ATVs of US$104.9 and US$59.2 respectively. Of these five countries, Australia recorded the highest frequency with 100.3 transactions per card, while Malaysia’s was relatively low at 18.7. However, Malaysia had the highest level of penetration of 4.9 cards per individual, followed by Australia with 4.4, China with 3.3, Thailand with 1.8, and India with 0.5. The growing use of Touch ‘n Go (TNG) payments on public transit systems have driven the growth of prepaid cards. TNG is a prepaid e-cash card launched in 1997, and was one of the first to offer contactless card transactions in the country. TNG accounted for 98.8% of all e-money (prepaid cards) transactions in Malaysia, in terms of transaction volume, in 2011, and the system is capable of processing over 3 million transactions per day. It is around three times faster than cash for transit or toll payments. Initially developed as a toll card, TNG has expanded its application into areas such as public transport, parking, theme parks and some retail outlets. The card can be reloaded at multiple locations such as customer service centers on highways, some petrol stations, TNG ‘hubs’, and bank automated teller machines (ATMs) and cash deposit machines (CDMs). Inquire for discount @ http://marketreportsstore.com/discount/?rname=17874 . (Single User License US$ 3995)
Malaysia’s Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape
Scope This report provides a comprehensive analysis of Malaysia's cards and payments industry. It provides current values for Malaysia's cards and payments industry for 2013, and forecast figures for 2018. It details the different economic, infrastructural and business drivers affecting Malaysia's cards and payments industry. It outlines the current regulatory framework in the industry. It details the marketing strategies used by various banks and other institutions. It profiles the major banks in Malaysia's cards and payments industry. Buy a Copy of the Report at http://marketreportsstore.com/purchase?rname=17874 . For more reports on Banking & Financial Services Click here Contact sales@marketreportsstore.com / Call +1 888 391 5441 for further information on “Malaysia’s Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape” report OR for any other market research and intelligence needs you may have for your business.