Malaysia’s International Remittance Market Shows Strong Growth Trend

Malaysia’s international remittance market is experiencing robust growth, with both inbound and outbound transactions expected to expand through 2028. The analysis provides insights into transaction values, consumer demographics, and transactional flows, offering stakeholders strategic insights to capitalize on emerging opportunities in the evolving remittance landscape.

17 April 2024 – A recent in-depth analysis of Malaysia’s international remittance market reveals significant growth trends expected to continue through 2028, driven by advancements in digital and mobile transfer methods. Inbound remittances are projected to grow at a compound annual growth rate (CAGR) of 2.0%, reaching US$ 1.88 billion (MYR 7.79 billion) by 2028, while outbound remittances are anticipated to rise at a CAGR of 1.5%, reaching US$ 9.93 billion (MYR 40.18 billion). – ref: Yahoo!Finance

Author: Terry KS

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