The Cards and Payments Industry in Malaysia: Emerging Trends and Opportunities to 2019

Timetric's 'The Cards and Payments Industry in Malaysia: Emerging Trends and Opportunities to 2019' report provides top-level market analysis, information and insights into Malaysia's cards and payments industry, including:

* Current and forecast values for each market in Malaysia's cards and payments industry, including debit card, credit and charge cards. It also includes detailed analysis of the prepaid card market.
* Detailed insights into payment instruments including check payments, credit transfers, checks, direct debits, payment cards and cash transactions. It also, includes an overview of the country's key alternative payment instruments.
* E-commerce market analysis and online payment types.
* Analysis of various market drivers and regulations governing Malaysia's cards and payments industry.
* Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.
* Comprehensive analysis of consumer attitudes and buying preferences for cards.
* The competitive landscape of Malaysia's cards and payments industry.

Full Report Details at
- http://www.fastmr.com/prod/1073474_the_cards_payments_industry.aspx?afid=301

Report Highlights

* The central bank of Malaysia, Bank Negara Malaysia (BNM), and its subsidiary Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) launched the JomPAY service in April 2015 to promote electronic payments in the country. JomPAY is a Malaysian government initiative supported by 42 banks offering a common payment platform for Malaysian consumers to make bill payments using online or mobile banking. Consumers can make bill payments free of charge to any JomPAY-registered merchant using a savings account, current account or credit card.
* BNM launched the e-Payment Incentive Fund (ePIF) on January 2, 2015, requiring banks to divert check-processing fees to encourage consumers to adopt e-payments, by providing incentives such as waiving e-payment transaction, security token and monthly maintenance fees. In 2013, BNM increased check-processing fees and reduced fees for Inter Bank Giro (IBG) transactions conducted online or by mobile. The initiatives are expected to drive e-payments over the forecast period (2015-2019).
* BNM launched the Malaysian Chip Card Specification initiative in 2014, as part of a shift towards Europay, MasterCard, Visa (EMV) standards. According to BNM, complete migration to EMV standards with contactless functionality is expected to complete by January 1, 2018. As a result, from 2015 banks will gradually start to replace domestic debit cards with EMV-compliant cards with contactless functionality. This is anticipated to further drive debit card transaction value and volumes.

Report 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 2014, and forecast figures to 2019.

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