Malaysia: Visa, Mastercard market share

The market share of Visa in Malaysia remained relatively unchanged in 2020, although Mastercard's did by five percentage points. This according to research conducted over multiple years within the country. The source claims that Malaysia grows relatively quickly when it comes to online shopping, possibly explaining why the market shares of both Visa and Mastercard grew over time. Debit cards and credit cards are used within the Asian country, but their market share in POS payments did not grow as much since the coronavirus pandemic as, say, mobile wallets.

Biggest payment card brands - Visa, Mastercard, or in-market local card schemes - in Malaysia from 2016 to 2020

Characteristic	2016	2017	2018	2019	2020
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-

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Release date

March 2022

More information

Region

Malaysia

Survey time period

2020

Supplementary notes

The source mentions the numbers have been compiled "using a mixture of primary and secondary data sources. Primary refers to their own surveys and commissioned research; whereas secondary refers to authoritative third-party vendor data, and other publicly available data." No specifics, however, are given.

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