Malaysia

Malaysia is a federal constitutional monarchy in Southeast Asia.


Link to external site : Website for Malaysia
Malaysia
Wallets
Development Secondary Emerging
Send or Receive
GDP ($m)
186,718.65
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HDI classification High
Mobile Connections (m)
Currency MYR
Class
CountryISO MY
Sovereignity Country
Territory of - NA -
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{"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"}}
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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 )"}}
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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 )"}}
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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 )"}}
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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 )"}}
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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 )"}}
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Central Bank
Key Regulations
Type of law
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
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Law is based on
Approach
Sectors active in Digital Money
Exclusivity
Certainty
Openness
Proportionate?
Allowed Models
DominantModel
E-Money
Maxisis regulated as an e-Money Issuer
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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

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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 %
Stock Immigrants ('000)
Emigration Rate %
Internal Migrants ('000)
Internal Migration Rate %
Intl Movement Rate %
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
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
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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
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Registered Wallet Users
Top Wallets
Aircash, M-Money
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Informal Market
Cost To Remit
Key Players

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