Malaysia

Bank transfer first, wallets close behind.

Currency
MYR
Settlement
T+0
Methods
5

The market

FPX gives near-universal online bank transfer coverage and remains the backbone. DuitNow QR has added interoperable QR on top, and Touch 'n Go is the wallet with genuine reach.

What we would tell you

FPX is non-negotiable. Add DuitNow QR and Touch 'n Go for mobile-first segments.

Population
~35 million
Market shape
Bank-transfer led
Indicative
DuitNow QR
Expanding
Indicative

Moving value out

Straightforward

Collecting here is not the hard part. This rating describes repatriation.

One of the more straightforward corridors in the region. Settlement and repatriation are workable through normal banking channels.

Methods

5 local methods in Malaysia.

3 move money in both directions. 2 are collection only.

  • FPXBank transferin · out
  • DuitNow QRQR schemein · out
  • Touch n Go eWalletWalletin · out
  • GrabPayWalletin
  • BoostWalletin

Bar widths indicate approximate share of local online payment volume and are shown for ordering only.

Tell us where you need to get paid.

Four questions about your business and your markets. If we are a fit, a payments lead responds within one business day with the methods and indicative pricing for your corridors.

Contact salesSee coverage

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