Citing data obtained from Fintech News Malaysia, Suhaimi Ali, Bank Negara Malaysia’s director of financial development and innovation said, “The fintech industry in Malaysia has accelerated rapidly in recent years, evidently from the 164% increase in the number of fintech companies in 2020 from 2017, as well as the widening array of solutions introduced in the market from e-KYC, e-remittance to digital insurance.“At the same time, we saw digital payment transactions grow 44% to 4.5 billion in January to August 2021 period compared to the same period in 2019 before the pandemic.”Suhaimi said QR registration by businesses has increased from 333,952 pre-pandemic to more than one million as of the first half of 2021, driven by strong online and contactless payment demand during the pandemic.
https://www.digitalnewsasia.com/digital-economy/bank-negara-malaysias-fintech-week-makes-comeback
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