Malaysia is a federal constitutional monarchy in Southeast Asia. Link to external site : Website for Malaysia |  |
| Wallets | |
| Development | Secondary Emerging |
| Send or Receive |
Both Register/Log In |
| GDP ($m) |
186,718.65 Register/Log In |
| HDI classification | High |
| Mobile Connections (m) |
36.156 Upgrade to Bronze |
| Currency | MYR |
| Class | |
| CountryISO | MY |
| Sovereignity | Country |
| Territory of | - NA - |
{"type":"GeoChart","data":[["Country","Population(m)","Rank"],["MY",29,41]],"options":{"title":"Countries","region":"MY","displayMode":"regions","colorAxis":{"minValue":0,"maxValue":1500,"colors":["yellow","green","red"]}}}
{"type":"PieChart","data":[["Operator","Connections"],["Maxis Berhad",13500000],["Celcom Axiata Berhad (Axiata)",12100000],["DiGi.Com Berhad (Telenor)",9203250],["U Mobile Sdn Bhd",902410],["P1 (Green Packet)",450040]],"options":{"title":"Connections","is3D":true}}
{"type":"ColumnChart","data":[["Year","Connections"],["Q4 2000",4750000],["Q4 2001",6826820],["Q4 2002",8444265],["Q4 2003",11008000],["Q4 2004",14597000],["Q4 2005",19511000],["Q4 2006",19454000],["Q4 2007",23396200],["Q4 2008",27267100],["Q4 2009",30566000],["Q4 2010",33642325],["Q4 2011",36218211],["Q4 2012",38372116],["Q4 2013",40202896],["Q4 2014",41789785]],"options":{"title":"Connections"}}
| Channel Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["ATM",8],["Agent",3],["Kiosk",1],["Location",9],["Mobile",15],["POS",5],["Web",11]],"options":{"title":"Initiatives ( 23 of 23 )"}} |
| COT Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["",5],["Bank",11],["E-money",1],["MNO",7],["MTO",2],["POS",1],["PSP",1],["Payments",1],["Retail",1]],"options":{"title":"Initiatives ( 23 of 23 )"}} |
| Persona Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["AT",1],["DB",6],["DN",4],["LP",1],["MB",1],["MT",4],["MW",2],["OP",1],["PC",3]],"options":{"title":"Initiatives ( 23 of 23 )"}} |
| Products |
{"type":"ColumnChart","data":[["Category","Initiatives"],["AT",7],["BP",4],["CICO",4],["Card",2],["DAT",3],["DM",2],["DMT",12],["DW",1],["IAT",3],["IMT",13],["LP",1],["LVP",2],["MB",6],["MM",2],["MP",6],["MW",4],["OB",7],["OP",4],["PC",6],["PaySys",2],["Social",1],["Transport",1],["Whitelable",1]],"options":{"title":"Initiatives ( 23 of 23 )"}} |
| PI Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["Account",14],["Card",14],["Cash",10],["PC",5],["Retail",1],["Wallet",10]],"options":{"title":"Initiatives ( 23 of 23 )"}} |
| Central Bank | |
| Key Regulations | |
| Type of law |
Hybrid Upgrade to Bronze |
| Legal System |
Mixed legal system of English common law, Islamic law, and customary law; judicial review of legislative acts in the Supreme Court at request of supreme head of the federation Upgrade to Bronze |
| Law is based on | |
| Approach |
Short leash Upgrade to Bronze |
| Sectors active in Digital Money | |
| Exclusivity | |
| Certainty | |
| Openness | |
| Proportionate? | |
| Allowed Models |
NB Led Upgrade to Bronze |
| DominantModel |
MNO Led Upgrade to Bronze |
| E-Money |
Maxisis regulated as an e-Money Issuer Upgrade to Bronze |
| Payment | |
| Agent | |
| Money Transfer |
BNM grants permission on case to case basis. POS Malaysia not a bank but WU allowed to partner for remittance (Doc 5) Both foreign and domestic banks allowed to partner with money transfer companies. Maxis regulated as RSP |
| Taxation |
{"type":"Gauge","data":[["Label","Value"],["Mobile Penetration",110.87],["Banked",60],["Internet",56],["Urban",69],["Adult",70],["Literate",91.898]],"options":{"scaleHeight":0.5,"min":0,"max":100,"redFrom":76,"redTo":100,"yellowFrom":26,"yellowTo":74}}
| Population m | 29.00 |
| Adult % | 70.00 |
| Migrants % |
6.00 Register/Log In |
| Stock Immigrants ('000) |
2,357.60 Upgrade to Bronze |
| Emigration Rate % | |
| Internal Migrants ('000) |
4,200.00 Upgrade to Bronze |
| Internal Migration Rate % |
20.70 Upgrade to Bronze |
| Intl Movement Rate % |
10.10 Upgrade to Bronze |
| Urban % | 69.00 |
| Female % | 45.00 |
| Literate % | 91.90 |
| Annual Growth % |
| Mobile Penetration % | 110.87 |
| Banked % | 60.00 |
| Access to FS % | 60.00 |
| Internet % | 56.00 |
| Branches per 100k adults | 17.50 |
| ATMs per 100k adults | 43.25 |
| POS per 100k adults | 941.08 |
| Prepaid % | 81.50 |
| Prepaid SIM Registration | |
| MobileUnbanked (m) | 11.08 |
| Monthly ARPU |
16.15 Upgrade to Bronze |
| Cards 2010 ('000) | |
| Propensity % |
| Overall | |
| Population | |
| On Remittance Sent | |
| On Remittance Received | |
| Mobile Unbanked | |
| Migrant % | |
| MP % | |
| Banked % | |
| Development |
| Can Provide Payments? | |
| Can Market under Brand? | |
| Can issue E-Money? | |
| Can Open Customer Account? |
Yes with Proportionate KYC rules Upgrade to Bronze |
| Can Own Customer? | |
| Can do Cash In/Cash Out? | |
| Can offer Domestic Money Transfer? | |
| Can offer International Money Transfer? |
| Importance for Digital Money | |
| Digital Money Adoption |
Rapid Growth Upgrade to Bronze |
| Registered Wallet Users |
20,000 Upgrade to Bronze |
| Top Wallets |
Aircash, M-Money Upgrade to Bronze |
| Informal Market | |
| Cost To Remit | |
| Key Players |