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Accelerate your revenue with a new audience of customers throughout Malaysia - without friction or complexity.
*The sale of certain products in this market may be subject to international export regulations. If you would like to learn more about selling into this market, lets chat.
One of the largest countries in South/Southeast Asian industry, Malaysia has witnessed growth and change in the post-colonial era. Malaysia is a successful example of ethnic integration: about half of the population of the country is native Malay, followed by large Chinese and Indian populations.
The Covid-19 pandemic has kicked ecommerce market into overdrive. Analysts estimate a 2020 year-over-year growth rate of 24.7%. By the end of 2024, the market should reach over $12 billion in annual sales (currently at $4 billion). The market’s largest segment is fashion, with a projected market volume of $1.4 million in 2020 followed by travel, consumer electronics, furniture, and household goods.
Available currencies will depend on the payment method provider, as well as any regulatory restrictions.
Digital River can support the sales of these types of products for this specific market.
Southeast Asia was already a fintech and an ecommerce hub, but 2020 has seen a resounding increase in the speed with which the region accelerated toward online payments in ecommerce, riding the trend created by the Covid-19 pandemic swiftly into establishing a cashless society as the new norm.
The list below represents the current categories of payment options Digital River supports for this market.
Cross-Border Fulfillment: Landed Cost is Available.
Calculation of duties and fees incurred when goods are shipped cross border.
In-Country Fulfillment: Not available