E-Wallets & Payments

DuitNow QR: The Digital Payment Revolution Transforming Malaysian Businesses Malaysia’s digital payment landscape has undergone a remarkable transformation, with DuitNow QR emerging as the cornerstone of the nation’s cashless future. As Malaysia ranks second globally in QR code payment adoption at 61.5%, businesses across all sectors are recognizing DuitNow QR not just as a payment option, […]

Executive Summary Malaysia’s e-wallet landscape has experienced explosive growth, with 88% of Malaysians using digital wallets as of 2024, representing a significant jump from 63% in 2023. The government’s ambitious target of achieving 90% cashless transactions by 2025 has accelerated adoption across all demographic segments. Among the 50+ licensed e-wallet providers, four platforms dominate the market: Touch ‘n

Main Takeaway: Seamless integration of Touch ’n Go eWallet into both offline POS systems and online platforms allows Malaysian businesses to access a user base of over 20 million and drive higher conversion by leveraging a cashless ecosystem that processes RM 15 billion monthly, with instant merchant onboarding and robust API support.[1][2] 1. Introduction Touch ’n Go eWallet has evolved