MalayMail-June 23

Malaysia leads other countries in South-east Asia in the usage of mobile/digital wallets at 40 per cent, ahead of the Philippines (36 per cent), Thailand (27 per cent) and Singapore (26 per cent), according to a Mastercard Impact Study 2020. As the Malaysia market edition results showed, Covid-19 that led to wide movement restrictions had driven momentum in Southeast Asia towards the digital economy by necessitating rapid adoption of e-commerce, digital payments and preference for online activities. The report indicated that even as countries in the region start to ease the restrictions and prepare for a ‘new normal’, some of the trends and habits formed in response to the pandemic would likely remain. The inputs were gathered from 10,000 consumers and/or business professionals across 10 markets in the Asia Pacific region.

Read more at: https://www.malaymail.com/news/malaysia/2020/06/23/study-malaysia-leads-mobile-wallet-usage-in-se-asia/1878269