Card payments in Malaysia to hit RM387bil this year, says data firm

PETALING JAYA: The move towards a cashless society is expected to see Malaysians use their credit and debit cards to spend some RM387bil this year, according to a data and analytics company.

UK-based GlobalData estimated that debit card usage will account for RM156.4bil of this figure while the remaining RM230.5bil will be through credit cards.