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The Cards and Payments Industry in Malaysia: Emerging Trends and Opportunities to 2019

Published By :

Timetric

Published Date : Nov 2015

Category :

Banking

No. of Pages : 81 Pages

Synopsis

Timetric’s 'The Cards and Payments Industry in Malaysia: Emerging Trends and Opportunities to 2019' report provides detailed analysis of market trends in Malaysia's cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including check payments, credit transfers, direct debits, payment cards and cash transactions during the review period (2010–2014).

The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2015–2019). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

The report brings together Timetric’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies, recent changes in regulatory structure, card fraud statistics, and profiles of card issuers operating in the country.

Summary

Timetric’s 'The Cards and Payments Industry in Malaysia: Emerging Trends and Opportunities to 2019' report provides top-level market analysis, information and insights into Malaysia's cards and payments industry, including:

  • Current and forecast values for each market in Malaysia's cards and payments industry, including debit card, credit and charge cards. It also includes detailed analysis of the prepaid card market.
  • Detailed insights into payment instruments including check payments, credit transfers, checks, direct debits, payment cards and cash transactions. It also, includes an overview of the country's key alternative payment instruments.
  • E-commerce market analysis and online payment types.
  • Analysis of various market drivers and regulations governing Malaysia's cards and payments industry.
  • Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.
  • Comprehensive analysis of consumer attitudes and buying preferences for cards.
  • The competitive landscape of Malaysia's cards and payments industry.

Scope

  • This report provides a comprehensive analysis of Malaysia's cards and payments industry.
  • It provides current values for Malaysia's cards and payments industry for 2014, and forecast figures to 2019.
  • It details the different demographic, economic, infrastructural and business drivers affecting Malaysia's cards and payments industry.
  • It outlines the current regulatory framework in the industry.
  • It details marketing strategies used by various banks and other institutions.
  • It profiles major banks in Malaysia's cards and payments industry.

Reasons To Buy

  • Make strategic business decisions, using top-level historic and forecast market data, related to Malaysia's cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities in Malaysia's cards and payments industry.
  • Assess the competitive dynamics in Malaysia's cards and payments industry.
  • Gain insights into marketing strategies used for various card types in Malaysia.
  • Gain insights into key regulations governing Malaysia's cards and payments industry.

Key Highlights

  • The central bank of Malaysia, Bank Negara Malaysia (BNM), and its subsidiary Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) launched the JomPAY service in April 2015 to promote electronic payments in the country. JomPAY is a Malaysian government initiative supported by 42 banks offering a common payment platform for Malaysian consumers to make bill payments using online or mobile banking. Consumers can make bill payments free of charge to any JomPAY-registered merchant using a savings account, current account or credit card.
  • BNM launched the e-Payment Incentive Fund (ePIF) on January 2, 2015, requiring banks to divert check-processing fees to encourage consumers to adopt e-payments, by providing incentives such as waiving e-payment transaction, security token and monthly maintenance fees. In 2013, BNM increased check-processing fees and reduced fees for Inter Bank Giro (IBG) transactions conducted online or by mobile. The initiatives are expected to drive e-payments over the forecast period (2015–2019).
  • BNM launched the Malaysian Chip Card Specification initiative in 2014, as part of a shift towards Europay, MasterCard, Visa (EMV) standards. According to BNM, complete migration to EMV standards with contactless functionality is expected to complete by January 1, 2018. As a result, from 2015 banks will gradually start to replace domestic debit cards with EMV-compliant cards with contactless functionality. This is anticipated to further drive debit card transaction value and volumes.

Table of Content

Definitions and Methodology
Definitions
Table Key Definitions
Methodology
Table Annual Average Exchange Rate
Key Facts and Events
Table Malaysia - Key Facts, 2014
Table Regional Benchmarking of Malaysia's Payment Cards, 2014
Executive Summary
Payment Instruments
Current Payment Environment
E-Commerce
E-Commerce Market Analysis
Alternative Payments
Alternative Payment Instruments
JomPAY
PayPal
MOLPoints
Mobile Money
Celcom AirCash
M-money
Regulations in the Cards and Payments Industry
Regulatory Framework
Revised eligibility requirements for credit cards issuance
New regulations to enhance credit cards security
Legal and regulatory framework
Anti-Money Laundering (AML)
Foreign Direct Investment (FDI) Regulations
Table Malaysia - Mode of Entry of Foreign Banks
Analysis of Cards and Payments Industry Drivers
Demographic Drivers
Economic Drivers
Infrastructure Drivers
Business Drivers
Market Segmentation and New Product Launches
Market Segmentation and Targeting
Consumer cards
Table Cards for High-Income Consumers, 2015
Table Cards for Travelers, 2015
Table Cards for Shoppers, 2015
Table Cards for Vehicle Owners, 2015
Table Cards for Students and Young Population, 2015
Table Cards for Female Population, 2015
Commercial cards
Table Specialized Cards for Business Managers and Entrepreneurs, 2015
Table Specialized Cards for SMEs, 2015
New Product Launches
Table Malaysia - New Product Launches
Payment Cards
Payment Card Analysis
Volume and value of payment card transactions by type
Personal vs commercial cards
Debit Cards
Debit Card Market Analysis
Debit card transaction volumes and values by channel
Debit card scheme and issuer shares in terms of transaction value
Debit cards comparison
Table Malaysia - Debit Cards Comparison and Key Features, 2015
Credit Cards
Credit Card Market Analysis
Credit card transaction volumes and values by channel
Credit card scheme and issuer shares in terms of transaction value
Credit cards comparison
Table Malaysia - Gold Credit Cards Comparison and Key Features, 2015
Table Malaysia - Premium Credit Cards Comparison and Key Features, 2015
Charge Cards
Charge Card Market Analysis
Charge card transaction volumes and values by channel
Charge card scheme shares in terms of transaction value
Charge cards comparison
Table Malaysia - Charge Cards Comparison and Key Features, 2015
Commercial Cards
Commercial Card Market Analysis
Commercial cards comparison
Table Malaysia - Commercial Cards Comparison and Key Features, 2015
Card Fraud Statistics
Card Fraud Analysis
Card Issuers
Maybank
Bank Simpanan Nasional
Public Bank Bhd
CIMB Bank
Hong Leong Bank
Prepaid Cards
Prepaid Card Market Analysis
Prepaid cards comparison
Table Malaysia - Prepaid Cards Comparison and Key Features, 2015
Merchant Acquiring
Merchant Acquiring Market Analysis
Appendix

List of Table


Table Malaysia - Payment Instrument Transaction Values (MYR Billion), 2010-2014
Table Malaysia - Payment Instrument Transaction Values (US$ Billion), 2010-2014
Table Malaysia - Payment Instrument Transaction Volumes (Million), 2010-2014
Table Malaysia - Number of Payment Cards in Circulation by Type (Million), 2010-2019
Table Malaysia - Volume of Payment Card Transactions by Type (Million), 2010-2019
Table Malaysia - Value of Payment Card Transactions by Type (MYR Billion), 2010-2019
Table Malaysia - Value of Payment Card Transactions by Type (US$ Billion), 2010-2019
Table Malaysia - Personal and Commercial Card Transaction Volumes (Million), 2010-2019
Table Malaysia - Personal and Commercial Card Transaction Values (MYR Billion), 2010-2019
Table Malaysia - Personal and Commercial Card Transaction Values (US$ Billion), 2010-2019
Table Malaysia - Number of Debit Cards in Circulation (Million), 2010-2019
Table Malaysia - Debit Card Transaction Volumes and Frequency by Channel, 2010-2019
Table Malaysia - Debit Card Total and Average Transaction Values by Channel, 2010-2019
Table Malaysia - Debit Card Total and Average Transaction Values by Channel, 2010-2019
Table Malaysia - Number of Debit Cards in Circulation by Scheme (Million), 2010-2014
Table Malaysia - Debit Card Transaction Values by Scheme (MYR Billion), 2010-2014
Table Malaysia - Debit Card Transaction Values by Scheme (US$ Billion), 2010-2014
Table Malaysia - Debit Card Transaction Values by Issuer (MYR Billion), 2010-2014
Table Malaysia - Debit Card Transaction Values by Issuer (US$ Billion), 2010-2014
Table Malaysia - Number of Credit Cards in Circulation (Million), 2010-2019
Table Malaysia - Credit Card Transaction Volumes and Frequency by Channel, 2010-2019
Table Malaysia - Credit Card Total and Average Transaction Values by Channel, 2010-2019
Table Malaysia - Credit Card Total and Average Transaction Values by Channel, 2010-2019
Table Malaysia - Number of Credit Cards in Circulation by Scheme (Thousand), 2010-2014
Table Malaysia - Credit Card Transaction Values by Scheme (MYR Billion), 2010-2014
Table Malaysia - Credit Card Transaction Values by Scheme (US$ Billion), 2010-2014
Table Malaysia - Pay Later Card Transaction Values by Issuer (MYR Billion), 2010-2014
Table Malaysia - Pay Later Card Transaction Values by Issuer (US$ Billion), 2010-2014
Table Malaysia - Credit Card Balances Outstanding by Issuer (MYR Billion), 2010-2014
Table Malaysia - Credit Card Balances Outstanding by Issuer (US$ Billion), 2010-2014
Table Malaysia - Number of Charge Cards in Circulation (Thousand), 2010-2019
Table Malaysia - Charge Card Transaction Volumes and Frequency by Channel, 2010-2019
Table Malaysia - Charge Card Total and Average Transaction Values by Channel, 2010-2019
Table Malaysia - Charge Card Total and Average Transaction Values by Channel, 2010-2019
Table Malaysia - Number of Charge Cards in Circulation by Scheme (Thousand), 2010-2014
Table Malaysia - Charge Card Transaction Values by Scheme (MYR Million), 2010-2014
Table Malaysia - Charge Card Transaction Values by Scheme (US$ Million), 2010-2014
Table Malaysia - Number of Commercial Cards in Circulation (Thousand), 2010-2019
Table Malaysia - Commercial Card Transaction Values (MYR Billion), 2010-2019
Table Malaysia - Commercial Card Transaction Values (US$ Billion), 2010-2019
Table Malaysia - Card Fraud (MYR Million), 2010-2014
Table Malaysia - Card Fraud (US$ Million), 2010-2014
Table Malaysia - Number of Prepaid Cards in Circulation (Million), 2010-2019
Table Malaysia - Prepaid Cards Transaction Value (MYR Million), 2010-2019
Table Malaysia - Prepaid Cards Transaction Value (US$ Million), 2010-2019
Table Malaysia - Merchant Acquiring Transaction Volumes by Channel (Million), 2010-2019
Table Malaysia - Merchant Acquiring Transaction Values (MYR Billion), 2010-2019
Table Malaysia - Merchant Acquiring Transaction Values (US$ Billion), 2010-2019
Table Malaysia - Acquirers' Transaction Volumes (Million), 2010-2014
Table Malaysia - Acquirers' Transaction Values (MYR Billion), 2010-2014
Table Malaysia - Acquirers' Transaction Values (US$ Billion), 2010-2014
Table Malaysia - Retail Outlets and Merchant Accounts (Thousand), 2010-2019
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