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Malaysians Happily 'disrupted' By Digitalisation Wave


Last update: 14/02/2018


By Niam Seet Wei

KUALA LUMPUR, Feb 14 (Bernama) -- Businesses and consumers are embracing the idea of being "disrupted", riding the wave of the digital transformation as the Internet-of-things emerges as one of the hottest topics in recent times.

With the mushrooming e-marketplaces in Malaysia such as Zalora and Lazada, or even social media platforms like Facebook, technology has been upending not just in the retail industry but the entire ecosystem and lifestyle of the people.

According to statistics from Bank Negara Malaysia, there were 25.2 million Internet banking subscribers from January to November 2017 in the country, up from 22.8 million in 2016.

As for mobile banking, the number of users surged to 11.26 million in the first 11 months of 2017 from 8.94 million in 2016.

Speaking to Bernama recently, iPay88 Holding Sdn Bhd Executive Director Chan Kok Long said e-commerce was set to boom in light of the higher penetration rate of both Internet and mobile banking, coupled with the arrival of mobile e-wallet.....