KUALA LUMPUR: Electronic payment (e-payment) adoption among Malaysians continued to increase in 2023 to 11.5 billion transactions compared to 9.5 bill...
: Electronic payment adoption among Malaysians continued to increase in 2023 to 11.5 billion transactions compared to 9.5 billion in the previous year, according to Bank Negara Malaysia
“E-payment growth was supported by consumption activity as the total value of selected retail e-payment transactions grew by 17 per cent to reach RM592 billion, complemented by collective public and private sector efforts to increase e-payment adoption,” it said. The central bank said that the acceptance of e-payment transactions among businesses, especially among small-sized enterprises, continued to gain traction.
“As digital assets gain traction, we are also committed to ensuring that the involvement of the Malaysian financial sector in digital asset activities is managed responsibly, with a clear understanding of how such activities can reduce or increase operational and financial risks.
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