Most used in-store (POS) payment methods in Malaysia 2017-2023, with 2027 forecast
Malaysians increasingly use credit cards and wallets in favor of cash in physical stores, as the market share of cash declined further. That said, it was still the POS most popular payment method as nearly 40 percent of all money spent in-store was paid for with paper money or coins. Malaysia is regarded as a fast growing market for mobile payments, as it is