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E-wallet usage increased by 131% in 2020 | The Malaysian Insight

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E-wallet usage increased by 131% in 2020

Domestic Trade and Consumer Affairs Minister Alexander Nanta Linggi says his ministry’s focus is for traders at the micro and small levels to embrace cashless payment methods. – The Malaysian Insight file pic, April 18, 2022.

THE usage of e-wallet increased by 131% to over 600 million transactions in 2020 compared to the previous year, Domestic Trade and Consumer Affairs Minister Alexander Nanta Linggi said. He said according to the recent PayNet 2022 report, the percentage of Malaysians who used cash payments dropped 11% to 78% from 89% prior to the epidemic.

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