Online is the new world and in this fast-paced world, there is no time for buffering.
With Financial Technologies revolutionizing and digitizing the payment systems, changes in the ways consumer use to pay or buy goods and services is observed. Although the move to online payments in Malaysia was gradual, the rising internet and smartphone penetration fueled the shift to online banking for everything and anything.
Since the country’s initiative to move to a digital and paperless society, the volume of all electronic payment methods have been rising exponentially every year.
With bank transfers being the most preferred mode of payment in Malaysia, markets or business are now open to empower their accounts digitally.