Indeed like many countries have experienced around the world, the pandemic has devastated the Malaysian economy. But it has also brought new opportunities and circumstances for the FinTech industry to grow and thrive. The e-wallet segment of FinTech is at its highest pace that it has been, as the need for contactless payments is growing in the Southeast Asian market.
The rising use of e-wallets across the Southeast Asian region has brought Malaysia to the limelight in the digital revolution. Consumers are shifting from cash to contactless payments, as they find the modern convenience of managing their everyday finance via their mobile phones much more pleasant. However, The E-Wallet Trends In Malaysia is moving at an even faster pace because of the reduction of cash usage experienced during the covid pandemic.
