Value of internet banking transactions by private persons in Malaysia 2016-2023

Published by
Amanda Siddharta,
Apr 3, 2024

The value of internet banking transactions made by individuals or private persons in Malaysia amounted to around 1,103 billion Malaysian ringgit in 2023, a slight decrease from around 1,150 billion Malaysian ringgit the year before. The value of internet banking transactions made by individuals has increased from 622 billion Malaysian ringgit to more than one trillion Malaysian ringgit in five years.

Value of internet banking transactions by private persons in Malaysia from 2016 to 2023 (in billion Malaysian ringgit)

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Release date

March 2024

Region

Malaysia

Survey time period

2016 to 2023

Supplementary notes

One Malaysian Ringgit (RM) equals 0.21 U.S dollars and 0.20 euros as of April 2024. 

Figures have been rounded.

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Statistics on " Digital payments in Malaysia "

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Overview

4

Key indicators

5

Credit and debit cards

6

Internet banking

4

E-money and e-wallets

5

Other digital payments

4

Consumer behavior

5

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