BFM 89.9

HIGHLIGHTS 
Podcast  >  Enterprise  >  Enterprise Explores  >  Ipsos: 50% of Malaysian Use Only Cash, TnG and Mae Lead E-Wallets Usage

Ipsos: 50% of Malaysian Use Only Cash, TnG and Mae Lead E-Wallets Usage

Arun Menon, Managing Director, Ipsos Malaysia

16-Feb-24 12:00

Ipsos: 50% of Malaysian Use Only Cash, TnG and Mae Lead E-Wallets Usage

Today Enterprise Explores the on-going shift towards a non-cash economy and how payment systems have evolved over the last few years with Arun Menon, Managing Director at Ipsos Malaysia, a market research firm.

Back in January, Ipsos released their latest case study on Non-Cash Economy & Payment Evolutions which found that there has been a slight decrease in the usage of non-cash payment methods in 2023. However, a key point to take note of is that half of Malaysians still use non-cash payments, with e-wallets being used by a quarter of the population.

Besides that, some other notable findings from the “Non-Cash Economy & Payment Evolution” study shows:

  • A higher frequency of people who are using e-wallets

  • More youths are using online transfer

  • The usage of e-wallet for food purchases have increased but experienced a drop for retail and online purchases

  • TnG Wallet retains the top spot as the most used e-wallet brand, with MAE as strong number 2

There is a lot more to break down and digest from this study, which Arun help us explore and digest.

Produced by: Kishan Sivaswamy

Presented by: Roshan Kanesan


This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  technologyeconomymarkets

Tags:  Payment methodsTouch N’GoMAEe-walletsonline transactionscashless payment





Play / Pause

Listen now : Bar None: Ep 8: Jombola, That's A Sport?; Sukdev Singh, Founder, Jombola

Today’s Shows



6:00 AM

The 6AM Stretch

7:00 AM

World Market Watch

Joe Quinlan, Chief Market Strategist, US Trust-BOA Private Wealth Management

7:15 AM

Morning Brief

7:30 AM

Morning Brief

Sarah Jane Mahmud, Senior Financial Services Research Analyst at Bloomberg Intelligence

7:45 AM

Top Story

Dr. Lee Chee Leong, Senior Lecturer, Institute of China Studies, University Malaya

8:00 AM

The Breakfast Grille

Connie Go, CEO, Feytech Holdings Berhad

8:30 AM

Morning Brief

Maryam Ismail, Analyst at ISIS Malaysia

8:45 AM

Morning Brief

Munira Mustaffa, Executive Director, Chasseur Group

9:00 AM

Opening Bell

9:15 AM

Opening Bell

9:35 AM

People, Planet, Profit

10:05 AM

Open For Business

Lakshita Wijerathne, CEO, Eutech Cybernetic

11:00 AM

Marketing Mojo

Nur Azre Abdul Aziz, Head of Offline Acquisitions & Partnerships, TikTok Shop Malaysia

12:00 PM

Enterprise Explores

Michel Borst, Asia Vice President, Commvault

1:00 PM

The Breakfast Grille Repeat

Connie Go, CEO, Feytech Holdings Berhad

2:05 PM

Beyond the Ballot Box

What Has Become of Student Movements & Activism Today?; Ooi Kok Hin, Bersih

3:05 PM

Live & Learn

4:05 PM

Health & Living

Mind Matters: How The First 1,000 Days Impact Mum’s Mental Health, Benjamin Looi, Clinical Psychologist & Manager of Community Development, Thrive Well | Melissa Ngiam, CEO, Yayasan Generasi Gemilang

5:00 PM

Top 5 at 5

6:00 PM

Inside Story

Talkback Tuesday

7:30 PM

Earth Matters [REPEAT]

9:00 PM

Bar None

Ep 8: Jombola, That's A Sport?; Sukdev Singh, Founder, Jombola