·
Rise of international and domestic migration to
lead the way for the industry in the coming years.
·
Bill Payment industry in Malaysia expected to
reach USD 94.0 billion by 2019
·
Mobile Payment Industry in Malaysia is anticipated
to reach USD 2.9 Billion by 2019.
Ken
Research announced its latest publication on “Malaysia
Remittance Industry Outlook to 2019”
which provides a comprehensive analysis of Remittance and Bill Payment Industry in Malaysia. The report covers various aspects such as market size of Malaysia Remittance and Bill Payment industry and segmentation on the basis of major flow corridors, payment channel, interstate and intra state migration and outflows and inflows of remittance. The report will help industry consultants, potential entrants, vendors and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
which provides a comprehensive analysis of Remittance and Bill Payment Industry in Malaysia. The report covers various aspects such as market size of Malaysia Remittance and Bill Payment industry and segmentation on the basis of major flow corridors, payment channel, interstate and intra state migration and outflows and inflows of remittance. The report will help industry consultants, potential entrants, vendors and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
 |
| Malaysia Remittance Market |
The report focuses on the various factors
affecting the Malaysia Remittance industry such as the MSB Act, GST and
Migration Patterns in Malaysia. Growing
presence of multinational corporations in Malaysia has made international
migration prominent in the country. Along with international migration, the
increasing rate of urbanization within Malaysia has made the number of internal
migrants to soar in the recent years. The market for both inward and outward
international remittances is expected to increase in the coming years owing to
the large number of international migrants moving toward Malaysia in the coming
years.
The Malaysia Remittance Industry inflows are anticipated to grow at a
CAGR of 22.6% during 2014-2019.
Malaysia is primarily an outward focused
remittance country with the outward international remittance flows leaving the
inward international remittance flows far behind in terms of market size. This
large migrant population has fuelled the growth of a robust outward
international remittance market in Malaysia with a large number of migrants
coming from Indonesia, Bangladesh, Myanmar, Nepal and India among other
countries. The Bill Payment Industry in Malaysia will also increase
significantly owing to the increase in the spending patterns and high standards
of living of Malaysia citizens which will lead the industry to grow at a CAGR
of more than 15% in the next 5 years.
“The increasing international and domestic migration, rise of living
standards and increasing spending patterns of Malaysian citizens will further
the growth of remittance and bill payment industry in the coming years.”, according
to the Research Associate, Ken Research.
Key
Topics Covered in the Report:
Malaysia Remittance and Bill Payment Industry
-
Market Size by International and Domestic Remittance
Flows (inflow and outflow)
-
Market Size by Bills Paid
-
Market Segmentation by
o
Major Flow Corridors
o
Payment Channel (Banks and MSBs)
o
Inter and Intra State
o
Mode of Payment
o
Purpose of Payment
o
Payment Component
-
Mergers & Acquisitions
-
Global Remittance Market Size
-
Competitive Landscape and Average Transaction
Fee in major flow corridors for leading remittance service providers
-
Future Outlook
-
Macro Economic Parameters
Key
Products Mentioned in the Report
International Inflow Remittance
International Outflow Remittance
Domestic Remittance
Bill Payment
Mobile Payment
Recharges
Companies
Covered in the Report
Maybank
Hong Leong Bank
Western Union
Moneygram
Prabhu Money Transfer
Maxis
Celcom
Related Reports:
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
