More Malaysians depending heavily on contactless payment

UOB Malaysia managing director Ronnie Lim (pic) said the findings reflected consumers’ preference for payment solutions that are convenient and are able to meet their everyday needs during the pandemic.

PETALING JAYA: The Covid-19 pandemic has compelled at least six in 10 Malaysians to depend more heavily on the various forms of contactless payment, according to the UOB Asean Consumer Sentiment Study.

The study noted that payments made through mobile banking were consumers’ most popular choice with 69% of Malaysian respondents saying they used them more frequently during the pandemic.