Malaysia Remittance Industry Outlook to 2019
Driven By Increasing International and Domestic Migration
Region:Asia
Product Code:KR292
February 2015
138
About the Report
The report titled “Malaysia Remittance Industry Outlook to 2019 – Driven By Increasing International and Domestic Migration” provides detailed overview on international and domestic remittance market in Malaysia along with their segments. 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.
Malaysia Remittance Market has seen immense growth in the recent years owing to the increased international migration with a remarkable CAGR of ~ % through 2009-2014. The increased international migration and robust economic growth are two of the main reasons responsible for the growth in remittance market. 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 ~% during 2014-2019 while the outflows are expected to grow at a CAGR of ~%. 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 market in Malaysia has been growing in the recent years owing to increased urbanization and the high standards of living of Malaysian citizens. The increased tariffs of gas and electricity have also contributed to the growth in bill payment market in Malaysia. The bill payment market in Malaysia has been growing at a CAGR of ~% throughout 2010-2014. The Bill Payment Industry in Malaysia will 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 ~% in the next 5 years i.e. 2014-2019. Mobile payments in Malaysia have started to take off in the recent years as Smartphone and internet penetration reach new heights causing the industry to grow at a CAGR of ~% throughout 2010-2014.
Key Topics Covered in the Report:
- Malaysia Macro Environment and Factors
- International Remittance Market Size by Remittance Flows (inflow and outflow)
- Domestic Remittance Market Size
- Bill Payment Market Size
- Mobile Payment Market Size
- Market Segmentation of International Remittance Market in Malaysia on the basis of Major Flow Corridors (For both inflow and outflows) and by Payment Channel (banks and MSBs)
- Market Segmentation of Bill Payment Industry in Malaysia on the basis of Mode of Payment (Direct and Third Party) and by Purpose of Payment
- Market Segmentation of Mobile Payment Industry in Malaysia on the basis of Payment Component (Recharges, Bill Payment, Credit & Loan Repayment)
- Government Regulations and Policies (Impact of GST on Remittances, Overview of MSB Act, 2011)
- Competitive Landscape of Major Players in International and Domestic Remittance, Bill Payment and Mobile Payment Industry in Malaysia.
- Average Transaction Fees of Remittance Service Providers for Major Flow Corridors
- Mergers and Acquisitions in Remittance, Bill Payment and Mobile Payment Industry in Malaysia.
- Future Outlook of the industry and projections of Remittance, Bill Payment and Mobile Payment Industry and their segments in Malaysia.
Products
Domestic remittance, inward remittance, outward remittance, Flow Corridors, Mobile payment, Bill Payment, Recharges and Credit & Loan Repayment, Inter
Companies
Western Union, Moneygram, EZ Money Express, International Money Express, Prabhu Money Transfer, Maybank, CIMB, RHB Bank, Public Bank Group, Hong Leong Bank, Maxis Pay, Maxis M-Money, Celcom AirCash
Table of Contents
TABLE OF CONTENTS
1. Malaysia Macro Environment and Factors
1.1. Malaysia Macro Environment Overview
1.1.1. Malaysia GDP, 2009-2019
1.1.2. Population and Number of Households in Malaysia, 2009-2019
1.1.3. Export- Import and Exchange Rate Fluctuations, 2009-2013
1.2. Personal Disposable Income in Malaysia, 2009-2019
1.3. Internet and Smartphone Penetration in Malaysia, 2009-2019
1.4. Household Monthly Income, 2009-2014
1.5. Number of Mobile and Internet Banking Users in Malaysia, 2009-2013
1.6. Remittance Service Providers in Malaysia, CY'2009-CY'2013
1.7. Migration in Malaysia
1.7.1. Total Migrants in Malaysia, 2010-2013
1.6.1.1. Market Segmentation By Migrants in Malaysia (Intrastate, Interstate and International), 2010-2013
1.7.2. Internal Migration by Region, 2010-2013
1.7.3. Internal Migration by Gender, 2010-2013
1.7.4. Reasons for Internal Migration, CY2013
1.7.5. Employed Internal Migrants by Industry, CY'2013
1.8. Wages in Malaysia
1.8.1. Average Monthly Wages in Malaysia, 2009-2019
1.8.2. Average Monthly Wages by Gender, 2010-2013
1.8.3. Average Monthly Wages by Region, 2010-2013
1.8.4. Average Monthly Wage by States, 2010-2013
2. Malaysia International Remittance Market
2.1. Global Remittance Market Introduction and Market Size, 2009-2014
2.2. Malaysia International Remittance Market Size, 2009-2014
2.2.1. Malaysia Inward International Remittances, 2009-2014
2.2.2. Malaysia Outward International Remittances, 2009-2014
2.3. Average Transaction Fee Charged for Remittance in the Leading Flow Corridors
2.4. Malaysia International Remittance Market Segmentation
2.4.1. By Payment Channel (Bank and MSB), 2009-2014
2.4.1.1. Malaysia Inward International Remittance Segmentation By Payment Channel, CY'2009-CY'2014
2.4.1.2. Malaysia Outward International Remittance Segmentation By Payment Channel, CY'2009-CY'2014
2.4.2. By Major Flow Corridors
2.4.2.1. Malaysia International Inflow Remittance Market Segmentation by Major Flow Corridors, CY'2013
Singapore-Malaysia Flow Corridor
Australia-Malaysia Flow Corridor
Other Major Inflow Corridors
2.4.2.2. Malaysia International Outflow Remittance Market Segmentation by Major Flow Corridors, CY'2013
Malaysia-Indonesia Flow Corridor
Malaysia-Philippines Flow Corridor
Other Major Flow Corridors
2.5. Malaysia International Remittance Market Competitive Landscape
2.6. Future Projections for Malaysia International Remittance Market
2.6.1. Future Projections for Malaysia International Remittance Market Size
2.6.1.1. Future Projections for Malaysia International Inward Remittance Market Size, CY'2015-CY'2019
2.6.1.2. Future Projections for Malaysia International Outward Remittance Market Size, CY'2015-CY'2019
2.6.2. Future Projections for Malaysia International Remittance Market Segmentation by Payment Channel
2.6.2.1. Future Projections for Malaysia International Inward Remittance Market Segmentation by Payment Channel, CY'2015-CY'2019
2.6.2.2. Future Projections for Malaysia International Outward Remittance Market Segmentation by Payment Channel, CY'2015-CY'2019
3. Malaysia Domestic Remittance Market
3.1. Introduction and Market Size, 2011-2013
3.2. Malaysia Domestic Remittance Market Segmentation
3.2.1. By Inter and Intrastate Domestic Remittance, 2011-2013
3.2.2. By Major Flow Corridors in Malaysia, 2011-2013
3.2.2.1. Malaysia Domestic Remittance Market Segmentation by Inter State Major Flow Corridors, 2011-2013
By State of Origin of Remittance, CY'2011-CY'2013
By Interstate Flow Corridors, CY'2011-CY'2013
3.2.2.2. Intrastate Major Flow Corridors
3.3. Malaysia Domestic Remittance Market Competitive Landscape
3.4. Snapshot of Future Projections for Malaysia Domestic Remittance Market
4. Governement Regulations and Policies in the Remittance Industry in Malaysia
4.1. GST and Its Effect on The Remittance Industry in Malaysia
4.1.1. Overview of GST
4.1.2. Effect of GST on Remittances in Malaysia
4.2. MSB Act, 2011 Overview
5. Malaysia Bill Payment Market
5.1. Payment System in Malaysia
Systematically Important Payment System (SIPS)
Retail Payment System
5.2. Malaysia Bill Payment Market Size, 2010-2014
5.2.1. Malaysia Bill Payment Market Size on the Basis of Value of Transactions, CY'2010-CY'2014
5.3. Market Segmentation of Malaysia Bill Payment Market
5.3.1. By Purpose of Payment, CY'2013
5.3.2. By Mode of Payment, CY'2013
5.3.3. By Payment Channel (Internet Banking, Mobile Banking, ATM), 2010-2014
5.3.3.1. Malaysia Bill Payment Market Segmentation by Payment Channel on the basis of Value of Transactions, CY'2010-CY'2014
5.3.3.2. Malaysia Bill Payment Market Segmentation by Payment Channel on the basis of Volume of Transactions, CY'2010-CY'2014
5.4. Alliances in Bill Payment Market in Malaysia
5.4.1. Maybank and TNB Team up for Online Bill Payment Service
5.4.2. Celcom and Maybank Join Hands for Online Bill Payment
5.4.3. U Mobile and POS Malaysia's Strategic Partnership for Bill Payment
5.5. Future Projections for Malaysia Bill Payment Market
5.5.1. Future Projections for Malaysia Bill Payment Market Size, CY'2015-CY'2019
5.5.1.1. On the Basis of Value of Transactions, CY'2015-CY'2019
5.5.2. Future Projections for Malaysia Third Party Bill Payment Market Segmentation by Payment Channel, CY'2015-CY'2019
5.5.2.1. On the Basis of Value of Transactions, CY'2015-CY'2019
5.5.2.2. On the Basis of Volume of Transactions, CY'2015-CY'2019
6. Malaysia Mobile Payment Market
6.1. Global Mobile Payment Market Introduction
6.2. Malaysia Mobile Payment Market Size on the basis of Value and Volume of Transactions, 2010-2014
6.3. Market Segmentation of Malaysia Mobile Payment Market
6.3.1. By Payment Component (Bill Payment, Recharges and Credit & Loan Repayment), 2010-2014
6.3.1.1. Malaysia Mobile Payment Market Segmentation by Payment Channel on the basis of Contribution to Value of Transactions, CY'2010-CY'2014
6.3.1.2. Malaysia Mobile Payment Market Segmentation by Payment Channel on the basis of Contribution to Volume of Transactions, CY'2010-CY'2014
6.4. Alliances in Malaysia Mobile Payment Market
6.4.1. Western Union and Maxis Launch Mobile Money Transfer Service
6.4.2. Digi enables Mobile Money Transfers to Local Countries
6.4.3. Bank Negara Malaysia launches MyMobile to Boost e-payments
6.4.4. Soft Space Acquires Fasspay To Expand Customer Base
6.4.5. Line Pay launched in Malaysia
6.5. Malaysia Mobile Payment Market Competitive Landscape
6.6. Future Projections for Malaysia Mobile Payment Market
6.6.1. Future Projections for Malaysia Mobile Payment Market Size, CY'2015-CY'2019
6.6.1.1. On the Basis of Value of Transactions, CY'2015-CY'2019
6.6.1.2. On the Basis of Volume of Transactions, CY'2015-CY'2019
6.6.2. Future Projections for Malaysia Mobile Payment Market Segmentation by Payment Component, CY'2015-CY'2019
6.6.2.1. On the Basis of Contribution to Value of Transactions, CY'2015-CY'2019
6.6.2.2. On the Basis of Volume of Transactions, CY'2015-CY'2019
7. Appendix
7.1. Market Definitions
7.2. Abbreviations
7.3. Research Methodology
Data Collection Methods
Approach
Variables (Independent and Dependent)
Final Conclusion
7.4. Disclaimer
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