CYBERJAYA: Mobile cellular penetration in Malaysia has reached 131.8% while smartphone penetration stood at 70% in the third quarter of last year (3Q17).
Malaysian Communications and Multimedia Commission (MCMC) chairman Tan Sri Dr Halim Shafie said Malaysia’s broadband had been keeping up with the demand from customers, with broadband penetration currently at 84.5%, as stated in the “3Q 2017 Communications and Multimedia: Facts and Figure” report.
“MCMC has been working tirelessly towards achieving broadband ubiquity and high-level smart phone penetration,” he said prior to a press conference on the Malaysia FinTech Expo 2018 here yesterday.
The text of his speech was read by MCMC network security, new media monitoring, compliance and advocacy sector chief officer Fadhlullah Suhaimi Abdul Malek.
Halim said e-payment would be one of the key factors in ensuring the success of Malaysia’s vision for the digital economy, adding that the outlook for e-payments was very encouraging.
“This positive growth can be attributed to pricing and market incentive framework implemented by Bank Negara, as well as the continuous awareness programme by the central bank and the banking industry to enhance confidence in the use of Internet banking,” he said.
Halim added that banking fraud losses sustained by individuals in Malaysia remained very low at 0.0004% of total transaction volume and 0.0017% of total transaction value in 2016. — Bernama