According to GlobalData’s Payment Cards Analytics, the value of card payments in Malaysia fell 4.9% in 2020, dragged by lockdown and social distancing restrictions, which led to reduced consumer spending and closing of brick-and-mortar shops that affected card payments.
KUALA LUMPUR: Malaysia’s card payment market is set to rebound this year with a growth of 8.5%, given the improving economic conditions and with the vaccination programme gathering pace.
According to GlobalData’s Payment Cards Analytics, the value of card payments in Malaysia fell 4.9% in 2020, dragged by lockdown and social distancing restrictions, which led to reduced consumer spending and closing of brick-and-mortar shops that affected card payments.
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