iPay88 Shares 2018 E-Commerce Data Insights

iPay88 Shares 2018 E-Commerce Data Insights (iPay88 X Shopee Kongsi Fa Cai Campaign) @iPay88 Office KL 

Mobile eCommerce dominates, contributing to 40.8 million transactions in 2018.

iPay88 Holding Sdn Bhd (formerly “iPay88 Sdn Bhd”) (iPay88), an NTT Data company and a leading Malaysian-based provider of online and retail payment solutions in ASEAN, today shares insights into Malaysians e-commerce transactions via their online payment gateway system. As a key player in the online payment sector in Malaysia, the annual findings provide a much needed glimpse into the e-commerce sector in Malaysia.

Transportation spending continues to rise in terms of sales volume as they rose from 7thplace in 2017 to 5th place in 2018. The top five ranking of transaction volumes in 2018 are as below: - 
1. Market Place
2. Telco Service – Bill Payment
3. Virtual/Instant Services (VOIP, SMS, Prepaid, Top Up)
4. General Ticketing
5. Transportation “Online retail will continue to show tremendous growth in 2019, with mobile phones being the preferred device of use.

Market places such as Shopee will continue to drive transaction volume and as the Official Payment Gateway provider for the Shopee Kongsi Fa Cai campaign, 2019 certainly has an exciting start! Businesses that have yet to go online must relook their strategies or lose out on a significant segment of retail purchases. On our part, iPay88 will continue to provide our customers, both merchants and consumers, with mobile applications and payment systems that are easier to use and feature innovative user friendly features,” he ends.

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