2023 Malaysia e-payment transactions increased 20% to 11.5 billion, with credit transfers leading and further exploration of CBDC and DLT.
2023 saw a 20% increase in Malaysia's e-payment transactions, reaching 11.5 billion, up from 9.5 billion in 2022, according to Bank Negara Malaysia (BNM). Credit transfer services formed the largest share with DuitNow Transfer leading. The central bank continues to explore Central Bank Digital Currency (CBDC) potential and implementing emerging technologies like DLT for improved payments.
March 20, 2024
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