Must Know About Digital Payments in Malaysia
Mobile devices have transformed the way we communicate and stay connected, and now it is also revolutionizing the world of retail and banking. Admittedly, Malaysians consumers are not yet embracing it as well as other countries, a study done by Nielsen showed that 78% of Malaysians use their mobile devices for social media, while only 34% used it to purchase a product or service. So the take up rate of digital payment is still quite low in Malaysia. This could be due to safety concerns, as the same survey showed that 72% of Malaysians are concerned about security of mobile payment....more
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