Study: 63% of Malaysians Utilise Mobile Wallets for Transactions, The Highest in The World!

A recent study by Adyen, a global financial technology platform, has found that a whopping 63% of Malaysians utilise mobile wallets for transactions, the

highest in the world!

The index further found that Malaysian consumers are shifting away from physical wallets, with 41% now relying on mobile-enabled solutions such as tap-to-pay. As for the age group which utilises social media platforms for shopping, the index found that millennials were the most likely to do so, with 80% saying they had done so in the last 12 months.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

WORLDOFBUZZ /  🏆 19. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nearly nine in ten Malaysians suffer from sleep problems, new study revealsKUALA LUMPUR, May 14 — A recent comprehensive survey conducted across Malaysia by the leading Malaysian sleep company Sonno (www.sleepsonno.com) has unveiled significant findings...
Read more »

Xiaomi air conditioner sales surged by 63% in Q1 2024Xiaomi air conditioner sales soared by 63% in Q1 2024, with expectations to outpace Xiaomi TV revenue by 2026.
Read more »

RM2mil allocated to set up 63 WiFi hotspots in Johor, says exco memberEU officials have told Apple to also authorise alternative marketplaces on the iPad, in a new European Commission decision that also categorises Apple's iPadOS operating system as a 'gatekeeper' technology.
Read more »

[PHOTOS] 63-Year-Old Chinese Woman Goes Viral For Her Lean Figure And Youthful LookShe started hitting the gym after feeling anxious about ageing.
Read more »

Malaysians lead the world in mobile wallet usageKUALA LUMPUR: Malaysia is leading the world in mobile wallet usage, with 63 per cent of Malaysians utilising mobile wallets for transactions, said glo...
Read more »

Former Health DG Explains Why Malaysians Need Not Worry About AstraZeneca Vaccine Side EffectsIt was recently announced that AstraZeneca was withdrawing all of their vaccines globally after admitting that their vaccine came with side effects such as
Read more »