Non-card-linked wallets are forecast to be the most used type of wallet in Malaysia in 2028, but their growth is not as fast as card-linked wallets. This is according to hybrid research released in 2024, which - depending on the country - either used database modeling or data acquired via a consumer survey. Wallets ranked relatively low among Malaysia's most used payment methods when shopping online. Indeed, the Asian country relies heavily on card-based payments and bank transfers. The adoption of wallets in Malaysia was relatively high, though, when compared to other countries worldwide.
Value of transactions with card-linked and non-card-linked wallets in online shopping in Malaysia in 2023, with a forecast for 2028
Figures have been calculated by Statista, but originate from different sources depending on the country. See the "Details" tab for more information.
Method of interview
Online survey
Supplementary notes
The source shares data for 37 countries and territories across the world. Most of these come from a database from Juniper Research. 14 countries, however, did receive a separate survey. These countries are: Brazil, China, Colombia, India, Indonesia, Japan, Malaysia, Nigeria, Philippines, Saudi Arabia, South Korea, the terrority of Taiwan, Thailand, and Vietnam. The source does not add why this was the case.
This separate survey asked 750 e-commerce payments users in each of the 14 countries, leading to 10,500 respondents in total. The source adds that results were not weighted, and participants were incentivized to do so.
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Statista. (March 27, 2024). Value of transactions with card-linked and non-card-linked wallets in online shopping in Malaysia in 2023, with a forecast for 2028 [Graph]. In Statista. Retrieved December 18, 2024, from https://www.statista.com/statistics/1536025/digital-wallet-market-size-forecast-in-online-shopping-malaysia/
Statista. "Value of transactions with card-linked and non-card-linked wallets in online shopping in Malaysia in 2023, with a forecast for 2028." Chart. March 27, 2024. Statista. Accessed December 18, 2024. https://www.statista.com/statistics/1536025/digital-wallet-market-size-forecast-in-online-shopping-malaysia/
Statista. (2024). Value of transactions with card-linked and non-card-linked wallets in online shopping in Malaysia in 2023, with a forecast for 2028. Statista. Statista Inc.. Accessed: December 18, 2024. https://www.statista.com/statistics/1536025/digital-wallet-market-size-forecast-in-online-shopping-malaysia/
Statista. "Value of Transactions with Card-linked and Non-card-linked Wallets in Online Shopping in Malaysia in 2023, with a Forecast for 2028." Statista, Statista Inc., 27 Mar 2024, https://www.statista.com/statistics/1536025/digital-wallet-market-size-forecast-in-online-shopping-malaysia/
Statista, Value of transactions with card-linked and non-card-linked wallets in online shopping in Malaysia in 2023, with a forecast for 2028 Statista, https://www.statista.com/statistics/1536025/digital-wallet-market-size-forecast-in-online-shopping-malaysia/ (last visited December 18, 2024)
Value of transactions with card-linked and non-card-linked wallets in online shopping in Malaysia in 2023, with a forecast for 2028 [Graph], Statista, March 27, 2024. [Online]. Available: https://www.statista.com/statistics/1536025/digital-wallet-market-size-forecast-in-online-shopping-malaysia/
