Stronger outlook for card payments until 2029

Debit card payments alone accounted for 41% of total payment value in 2025 with credit card payments comprising the remaining 59%.

PETALING JAYA: Malaysia’s card payments market grew by 6.1% in 2025 to RM408.5bil, a moderate pace compared to 2024’s 9.7% growth, says GlobalData.

The leading intelligence and productivity platform explained that in 2025, consumer spending was subdued due to risks of economic slowdown, and geopolitical uncertainty linked to US tariffs and related trade tensions.