Malaysia Remittance and Payment Market Research Report
2015-2019
(Driven By Increasing International and Domestic Migration)
-By
Ken Research
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© This is a licensed product of Ken Research and should not be copied
TABLE OF CONTENTS
1.
1.1.
Malaysia Macro Environment and Factors
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
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4.1.
4.2.
5.
5.1.
Governement Regulations and Policies in the Remittance Industry in Malaysia
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
MSB Act, 2011 Overview
Malaysia Bill Payment Market
Payment System in Malaysia
Systematically Important Payment System (SIPS)
Retail Payment System
5.2.
Malaysia Bill Payment Market Size, 2010-2014
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© This is a licensed product of Ken Research and should not be copied
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.
5.5.
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
Future Projections for Malaysia Bill Payment Market
5.5.1.
Future Projections for Malaysia Bill Payment Market Size, CY’2015-CY’2019
The world’s largest money transfer company, Western Union (WU), has been around for nearly 165 years. Many of the competing companies have diminished over the years, but Western Union has stood the test of time. This is because of the transition between CEO’s at Western Union. The current CEO, Hikmet Ersek, has now been CEO for the last six years and during this transition he has made large investments to grow the company and expand the culture within. He has changed the business model to stay competitive in the global market along with cultural revamping. He even changed the company slogan from “The fastest way to send money worldwide” to “Moving money for better”. The slogan change alone proves a cultural change that focuses on the good values of employees and customers. I have worked for this company for some time now and have witnessed many of these cultural tactics first-hand. Western Union teaches employees from the start about corporate culture and rules of the organization during its on-boarding process for new employees.
The strength of Maybank is becoming the biggest bank in Malaysia that taking the regional market lead (Santhi, Barathy, & Teoh, 2013). In 1981, Maybank was the first Malaysian bank to set ups ATMs in Malaysia (Maybank’s Annual Report, 2014). The ATM Machines are placed broadly accessible all over Malaysia thus it become the biggest Banking Service supplier in Malaysia. In addition, the express international cash transfer service is also firstly delivered by Maybank and made convenient via Pakistan, Cambodia, Philippines, Brunei, Indonesia, Singapore and Malaysia. Hence the money transaction is more convenience in worldwide for their customer. Aside from that, Maybank execute comprehensive services and diversified its product line from deposit,
One of the negative thing about remittance is that a numerous immigrants are disappointed not just with the poor reliability quality and rate of the present casual settlement system, additionally with the immense expenses they should pay. They may pay 6 -15 percent of the dispatched sum for the exchange. On top of that, they pay another 3-5 percent
We know some negatives aspect or effects from the remittance life for example,How remittance dollars play an important and growing role in the economies of developing nations. It is a difficult to estimate how many remittance dollars move from our country to another each year and sometimes much of the money moves unofficial means not through bank because how
According to Berenson (2010), this payment model is considered to be the dominant payment model, with a representation of over 90% of primary care revenue. Although the use of this payment model has been problematic for primary care, many physicians who make use of the fee-for-service system have been greatly rewarded. The problems associated with fee-for-service are not only felt in the United States, but by doctors from around the globe. Such problems encountered by physicians have led to the reduction of quality care in the services provided. Compensation is based on the number and complexity of procedures the specialist performs.
Business correspondents are the key players in Microfinance sector with technology-based transactions they are provided Point of Sale (POS) devices and doing EKYC through the finger print technology. They use Micro-ATM (POS) handheld device to perform basic financial transactions like Deposit, Withdrawal, Funds Transfer, Balance Enquiry, Mini Statement and other remittance. The below table depicts the POS based transactions during last five year across various
A remittance is a transfer of money by a foreign worker to an individual in his or her home country. “Remittances can fuel additional migration and thereby foster a migration chain” (Akkoyunlu and Boriss 80). Skill based immigration is good to improve the economic growth of both host and home countries, and skilled migrant workers make important contributions to the labor market in high skilled occupations. Skill development is critical for economic growth and social development. For example, country like India produces a lot of skilled manpower in different industries sending to world
Masyarakat Cina di Malaysia merujuk kepada sekelompok manusia iaitu orang Cina yang mengamalkan budaya yang hampir seragam, termasuk adat resam, pakaian, bahasa, dan kegiatan ekonomi di negara kita. Mereka biasanya berasal dari luar negara yang menjadi warganegara atau penduduk tetap di Malaysia. Kebanyakan daripada mereka adalah pendatang dari China yang tiba di Malaysia sekitar abad ke-15 hingga pertengahan abad ke-20.
As a part of Crossman Communications, this essay will go into depth about the client, Malaysian Airlines and their recent campaign. Malaysian Airlines founded in 1957, currently flies to 53 different destinations having over 12 000 employees (Malaysian Airlines, 2017). The airline company offers the best way to fly to and from Malaysia flying over 40 000 people everyday (Malaysian Airlines, 2017). The campaign was set to rebuild the trust of Australian and New Zealander flyers due to the multiple aircrafts that have gone missing which have affected families in both countries (Crossman Communications, 2015). Having said that, the goal was to improve bookings, and generate positive media coverage (Crossman Communications, 2015). This essay
Malaysia’s Unemployment Rate since 2000 till present. Notice the peaks after an expansion and troughs after a recession. This graph also indicates the business cycle in Malaysia.
Continuous rapid economic growth has raised Malaysia from an agricultural and commodity-based low-income economy to a successful middle-income economy. As a mixed economy, Malaysia has elements of a free market economy nevertheless with intervention government. Malaysia's economic activity consist of a mixture of sectors whereas mixed of capitalism and socialism The strong economic performance has helped improve the quality of life for Malaysians and supported advances in education, health, infrastructure, housing and public amenities and others.
Business environment is very important and plays significant roles for sustainability of airline business. In the global and modern world, business environment also become more complicated and more challenging to the airlines. It is important for airline manager to know because it will help the airline to plan and prepare for any changes that threatens the survival of airline business.
Malaysia tourism obtained the fast development as a result of it own superiorities in natural and cultural travel resources as well as government's vigorously support. It has become the country's second biggest source of foreign exchange and the third largest economy sector. But under this excellent prospect, we instead should have a more sober understanding to the tourism’s vulnerability and the issues in the Malaysia travel industry to continue developing it more successfully.
Filem ‘Indie’ adalah filem bebas yang dihasilkan oleh pengarah bebas yang menekan aspek seni dan aspek kehidupan sekeliling. Di sini filem ‘Indie’ di Malaysia juga terdapat nilai keseniannya yang tersendiri sama seperti filem-filem yang dihasilkan oleh pembikin filem yang lain. Terdapat banyak cabaran yang dihadapi oleh pembikin-pembikin filem ‘Indie’ di Malaysia dalam mengharungi kemelut industri filem tempatan. Cabarannya di sini adalah seperti masalah ego pembikin filem ‘Indie’ itu sendiri, tentang menghadapi konflik dengan kerajaan dan permasalahan dengan masyarakat. ‘Indie’ atau dalam perkataan penuhnya ‘Independent’ dan semua sudah sedia maklum bahawa ‘Independent’ bermaksud bebas atau berdiri sendiri menurut
PENGARUH KENAIKAN HARGA BAHAN BAKAR MINYAK TERHADAP PERGERAKAN INDEKS HARGA SAHAM SEKTOR PERTAMBANGAN DAN INDEKS LQ 45 DI BURSA EFEK INDONESIA