Dublin, Dec. 06, 2022 (GLOBE NEWSWIRE) — The “Malaysia Buy Now Pay Later Business and Investment Opportunities – 75+ KPIs on Buy Now Pay Later Trends by End-Use Sectors, Operational KPIs, Market Share, Retail Product Dynamics, and Consumer Demographics – Q3 2022 Update” report has been added to ResearchAndMarkets.com’s offering.
BNPL payments are expected to grow by 78.7% on an annual basis to reach US$1,117.3 million in 2022.
Medium to long term growth story of BNPL industry in Malaysia remains strong. BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 35.4% during 2022-2028. The BNPL Gross Merchandise Value in the country will increase from US$625.3 million in 2021 to reach US$6,884.7 million by 2028.
Malaysian consumer has increasingly shifted their consumption behavior online after going through various pandemic-related restrictions over the last two years. Adoption of digital payment methods, including buy now pay later, has surged significantly in the country, as the payment method offered consumers higher purchasing power and easier access to credit.
The digital payment method is projected to go mainstream over the next three to four years on the back of growing adoption among merchants and consumers. In Malaysia, innovations like a BNPL service on credit cards and insurance have already emerged in the market. There have been several instances where established banks partner with pure-play BNPL players to meet consumer expectations.
While the BNPL market is projected to record robust growth over the next three to four years, Bank Negara Malaysia, along with the Ministry of Finance and Securities Commission Malaysia, is working to enact the Consumer Credit Act in 2022. Notably, the act aims to strengthen regulatory arrangements for all consumer credit activities, including BNPL services offered by non-banking institutions.
New players are emerging in the competitive BNPL landscape in Malaysia
Amid the projected growth in the Malaysian BNPL market over the next few years, new players are entering the market intending to gain market share in the already competitive but growing BNPL industry. For instance,
In July 2022, Ablr, a new BNPL service, announced that the platform had gone live in Malaysia. Using the Ablr BNPL service, consumers can pay for healthcare expenses, music classes, travel experiences, and home decor products, among other things. Notably, to shop using Ablr, consumers must scan QR codes or pay using a payment link.
In July 2022, ShopBack, one of the leading Singapore-based rewards platforms, announced the launch of its BNPL product in Malaysia and Singapore. The BNPL feature integrated into the ShopBack app allows users to pay at over 4,000 online and in-store merchants in Malaysia and Singapore. Notably, ShopBack PayLater, the BNPL feature, integrates the services of hoolah, which the firm acquired in 2021.
The entry of these new players into the BNPL sector is expected to further drive competition and innovation in Malaysia. This will subsequently assist the market growth from the short to medium-term perspective.
Traditional banks are partnering with pure-play BNPL providers to offer deferred payment services to their customers in Malaysia
While traditional banking institutions were previously hesitant to launch a BNPL feature for their customers, they are now either partnering with pure-play BNPL providers or introducing their service in Malaysia.
In July 2022, CIMB Bank Bhd announced that the firm had entered into a strategic collaboration with Fave, a Singapore-based BNPL provider, to offer a mobile-first BNPL service to its customers in Malaysia. Under the collaboration, over 8.4 million CIMB Bank’s customers can now access the BNPL payment method offered by Fave to make purchases at more than 15,000 merchant locations. The launch of the BNPL feature comes amid the changing consumer spending and shopping behaviors.
Over the next three to four years, the publisher expects more banking institutions to launch BNPL services for their customers in Malaysia, either through strategic collaboration with BNPL providers or by introducing their own service.
BNPL providers are targeting different industries to drive adoption of their services and transaction volume in Malaysia
During the global pandemic outbreak, BNPL providers aggressively partnered with e-commerce marketplaces to drive their adoption among consumers globally. While BNPL firms continue to partner with e-commerce platforms, they also target other industries to drive their transaction volume in Malaysia.
In April 2022, Pace, one of the leading BNPL players in the Southeast Asian market, announced that the firm had entered into a partnership with Shangri-La Hotels and Resorts to introduce the BNPL payment method at participating hotels in Malaysia. This will allow travelers to split their payments over three months at no additional cost.
In March 2022, hoolah, another Southeast Asian BNPL firm, announced that the firm had partnered with Malaysian Aviation Group (MAG), the parent firm of Malaysia Airlines. Under the partnership, hoolah will offer travelers in Malaysia, Singapore, and Hong Kong, opting for Malaysia Airlines to pay for their flight tickets in installments at no extra cost.
The global travel and tourism industry is expected to post a strong growth recovery in 2022. Consequently, these strategic partnerships between BNPL providers and businesses in the travel and tourism industry could mean strong growth in transaction value and volume amid the growing pent-up travel demand. The publisher expects more such strategic collaborations from the short to medium-term perspective in Malaysia.
Scope
Malaysia BNPL Market Size and Spending Pattern
Gross Merchandise Value Trend Analysis
Average Value Per Transaction Trend Analysis
Transaction Volume Trend Analysis
Malaysia Buy Now Pay Later Operational KPIs
Buy Now Pay Later Revenues, 2019 – 2028
Buy Now Pay Later Share by Revenue Segments
Buy Now Pay Later Merchant Commission, 2019 – 2028
Buy Now Pay Later Missed Payment Fee Revenue, 2019 – 2028
Buy Now Pay Later Pay Now & Other Income, 2019 – 2028
Buy Now Pay Later Accounts, 2019 – 2028
Buy Now Pay Later Bad Debt, 2019 – 2028
Malaysia Buy Now Pay Later Market Share Analysis by Key Players (Atome, Hoolah, Grab, Pine Labs All Tap, Pay Later)
Malaysia Buy Now Pay Later Spend Analysis by Channel: Market Size and Forecast
Online Channel
POS Channel
Malaysia Buy Now Pay Later in Retail Shopping: Market Size and Forecast
Gross Merchandise Value Trend Analysis
Average Value Per Transaction Trend Analysis
Transaction Volume Trend Analysis
Malaysia Buy Now Pay Later in Home Improvement: Market Size and Forecast
Gross Merchandise Value Trend Analysis
Average Value Per Transaction Trend Analysis
Transaction Volume Trend Analysis
Malaysia Buy Now Pay Later in Leisure & Entertainment: Market Size and Forecast
Gross Merchandise Value Trend Analysis
Average Value Per Transaction Trend Analysis
Transaction Volume Trend Analysis
Malaysia Buy Now Pay Later in Healthcare and Wellness: Market Size and Forecast
Gross Merchandise Value Trend Analysis
Average Value Per Transaction Trend Analysis
Transaction Volume Trend Analysis
Malaysia Buy Now Pay Later in Other: Market Size and Forecast
Gross Merchandise Value Trend Analysis
Average Value Per Transaction Trend Analysis
Transaction Volume Trend Analysis
Malaysia Buy Now Pay Later Analysis by Consumer Attitude and Behaviour
Buy Now Pay Later Sales Uplift by Product Category
Buy Now Pay Later Spend Share by Age Group
Buy Now Pay Later Gross Merchandise Share by Income
Buy Now Pay Later Gross Merchandise Value Share by Gender
Buy Now Pay Later Adoption Rationale Gross Merchandise Value Analysis
Companies Mentioned
Atome
Rely
Split
Grab
Pay Later
hoolah
HSBC bank
AFFIN Bank
CIMB Bank
Am Bank
RHB Bank
IOU Pay
For more information about this report visit https://www.researchandmarkets.com/r/gaxjxh
The first fast-paced company with serious upside is hydrogen fuel-cell solution provider Plug Power (NASDAQ: PLUG). According to analyst Amit Dayal of H.C. Wainwright, Plug Power can reach $78. For those of you keeping score at home, this would work out to a near-quintupling in the company's share price in 2023.
Yahoo Finance Live looks at cannabis-tied shares following President Biden's signing of a marijuana research bill.
While NIO and Li Auto (LI) hit monthly-record deliveries in November, XPeng (XPEV) sees a sharp fall in deliveries on a yearly basis.
Shares of Devon Energy (NYSE: DVN) fell 11.4% in November, according to data provided by S&P Global Market Intelligence. The primary factor weighing on the oil stock was its third-quarter report, where the company unveiled a lower total dividend payment. Devon Energy launched the oil industry's first fixed-plus-variable dividend framework in early 2021.
In this article, we discuss the 12 best communication stocks to buy today. If you want to read about some more communication stocks to buy today, go directly to 5 Best Communication Stocks To Buy Today. The communications industry has grown from a sector that used to include just telecommunications, newspapers, magazines, books, and radio […]
Nearly two years after its stock took a meme-driven trip to the moon and back in early 2021, SNDL (NASDAQ: SNDL) is starting to look like a serious contender. In the long term, it could leverage its leading position to return lots of capital to shareholders, but that won't be anytime soon.
This has been a tumultuous year for many stocks — among them, stalwarts AT&T (NYSE: T) and Verizon (NYSE: VZ). Despite those successes, AT&T had to cut its free-cash-flow forecast for the year by $2 billion.
Don’t get fooled into thinking the stock market’s recent positive action has legs. Morgan Stanley’s Chief U.S. Equity Strategist Mike Wilson thinks it’s time to take profits “before the Bear returns in earnest.” Wilson notes that his team’s tactical targets have been met and thinks the recent run-up has run its course. “Bear market rally runs into our original resistance levels–it's time to fade it,” says Wilson. With the “risk-reward of playing for more upside quite poor at this point,” Wilson
Given all the market uncertainty this year and the downward trend of the major indices, it's no surprise that some investors are hesitant to buy right now. Knowing the right time to pull the trigger on a stock purchase (or a sale) is often one of the hardest parts of being an investor. Three such buy-now opportunities are Vertex Pharmaceuticals (NASDAQ: VRTX), Mattel (NASDAQ: MAT), and Nvidia (NASDAQ: NVDA).
What are the early trends we should look for to identify a stock that could multiply in value over the long term? One…
These high-octane income stocks, with yields ranging from 7.7% to 8.4%, are begging to be bought by opportunistic investors.
A strong jobs report these days runs counter to the Fed’s wishes. The line of thought is that if the job market is still too hot, the Fed won’t be keen on loosening its tight monetary policy in the ongoing efforts to tame inflation. And this is a scenario the market is keen to avoid after a series of 75 basis-point hikes this year. But J.P. Morgan Asset Management chief strategist David Kelly thinks the latest numbers flatter to deceive and believes the way the data is reported distorts the real
Yahoo Finance Live’s Brad Smith breaks down how stocks are moving after the opening bell.
In this article, we will discuss the 12 best undervalued energy stocks to buy. If you want to explore similar stocks, you can also take a look at 5 Best Undervalued Energy Stocks to Buy. 2022 has been the year for energy stocks. While all sectors of the economy fluctuated, the energy sector remained relatively […]
Tilray Brands (NASDAQ: TLRY) and Innovative Industrial Properties (NYSE: IIPR) may be two of the best bargains in cannabis right now. Tilray's shares are down 34% this year, and it trades for a price-to-book value of only 0.62. Innovative's shares are down more than 53% this year, and it trades for a price-to-book value of 1.7.
A roundup of recent banking and finance news across Greater Philadelphia: A coalition of 13 Republican state attorneys general wants to stop Vanguard Group from buying shares in U.S. utilities companies due to the investment manager’s environmental, social and governance policies. The attorneys general filed a motion last week to the Federal Energy Regulatory Commission requesting it block Vanguard’s purchase.
These top-tier innovators and industry leaders are the companies you'll want in your portfolio when the next bull market takes shape.
The deal for home-security business Vivint would accelerate NRG Chief Executive Mauricio Gutierrez’s growth strategy.
In late 2021, Square Chief Executive Officer Jack Dorsey announced radical changes to his company's direction, including changing its name to Block (NYSE: SQ). Unfortunately, these changes had terrible timing and many investors were dubious about several of the company's strategies; at the same time, the economy took a turn for the worse. Nervous investors ran for cover, sending the stock down 61% year to date.
DEEP DIVE Stocks of companies that raise dividends consistently have outperformed during this year’s bear market. Below is a screen showing which stocks are analysts’ favorites for next year among an expanded list of Dividend Aristocrats.