Most used e-commerce payment methods in Malaysia 2020-2027

Published by
Amanda Siddharta,
Jul 8, 2024

In 2023, account-to-account (A2A) was the most popular payment method for e-commerce in Malaysia, accounting for an estimated 39 percent market share of e-commerce payment methods. Meanwhile, digital wallet is gaining in popularity, and it was forecasted to have around 27 percent market share. Malaysia is regarded as a fast growing market for mobile payments, as it is starting to catch up to other Southeast Asian countries when it comes to mobile commerce. Two of the main mobile wallets are forecast to see their user count double between 2020 and 2025.

Market share of A2A, credit cards, and other payment methods at e-commerce in Malaysia from 2020 to 2023, with a forecast for 2027

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Sources

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Release date

March 2024

Region

Malaysia

Survey time period

2020 to 2023

Special properties

the source changed its categories in 2022, see the "Details" tab for more information.

Supplementary notes

In 2022, the source stated it had a new categorization, "account-to-account (A2A)", combining in previous editions was categorized as “bank transfer” (for push payments) and “direct debit” (for pull payments).


The figures have been taken from several publications. 

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