The death of plastic? E-wallets now displacing credit and debit cards across Malaysia
KUALA LUMPUR, Aug. 10 -- Malaysia's move away from cash has a clear winner. According to Ipsos Malaysia's newly released E-Wallet Landscape 2026 report, e-wallets are only growing, but are supplanting debit and credit cards as Malaysians' preferred non-cash payment method.
The numbers, drawn from a nationally representative Ipsos survey of 1,029 Malaysians aged 18-74 fielded in April 2026, tell a stark story of substitution over the past four years.
E-wallet usage among non-cash payment users climbed from 52 per cent in 2023 to 81 per cent in 2026 - a jump of nearly 30 percentage points.
Over the same period, debit card usage fell from 76 per cent to 56 per cent, and credit card usage nearly halved, from 15 per cent down to 9 per cent....
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