E-Wallets gaining popularity. In its recent Budget 2020 announcement, the government said it plans to offer a one-time RM30 digital stimulus to qualified recipients to encourage e-wallet adoption.
KUALA LUMPUR: GHL Systems is a key beneficiary of the growing regional acceptance of mobile wallets, CGS-CIMB Equities Research said as e-wallets made up 11% of its total processing value (TPV) in 1H19 versus 6% in 1H18.
The research house project a 20% TPV CAGR between 2018 and 2021F driven by a growing merchant base and new product mix, such as mobile wallet.
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