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MasterCard Expects 3-5% Growth in Malaysian Credit Card Transactions

Strategic Insights

— 1 min read

Malaysia was emerging from a recessionary phase in 1999, and MasterCard International Inc. was optimistic about the growth of credit card transactions in the country. According to Jim Cheah, the company's director of member relations and marketing for South East Asia, MasterCard expected a 3-5% increase in the number of credit card transactions in Malaysia this year. This growth was seen as a positive outlook for MasterCard, despite the economic downturn.

Key Takeaways:

  • MasterCard expects a 3-5% increase in the number of credit card transactions in Malaysia in 1999.
  • The growth in credit card transactions is expected to be between 28,157 million and 28,704 million.
  • The gross dollar value of credit card transactions is expected to increase to between RM58,891 million (US$1,550 million) and RM60,005 million (US$1,580 million).
  • The number of merchants using MasterCard credit cards is expected to increase by 1,000 to 2,000 more than the 36,000 merchants last year.
  • In 1998, Malaysia experienced a decrease in credit card transactions due to the economic downturn.
  • The number of transactions generated by MasterCard credit cards in the Asia Pacific region was 677,430 million in 1998.
  • The gross value of transactions in the Asia Pacific region was RM459,048 billion (US$120,802 billion) in 1998.

Statistics:

  • 3-5% expected growth in credit card transactions in Malaysia in 1999.
  • Expected number of credit card transactions in Malaysia: 28,157 million - 28,704 million.
  • Expected gross dollar value of credit card transactions in Malaysia: RM58,891 million - RM60,005 million (US$1,550 million - US$1,580 million).
  • Expected increase in number of merchants using MasterCard credit cards: 1,000 - 2,000 more than 36,000 merchants last year.
  • Decrease in credit card transactions in Malaysia in 1998: 1.9%.
  • Gross value of transactions in Malaysia in 1998: RM5,719 million (US$1,505 million).
  • Number of transactions generated by MasterCard credit cards in Asia Pacific region in 1998: 677,430 million.
  • Gross value of transactions in Asia Pacific region in 1998: RM459,048 billion (US$120,802 billion).

Sources:

  • "MasterCard Sees Increased Credit Card Transactions", Bernama, Jun 10, 1999.
  • "Asia Pulse", (C) 1999 Asia Pulse Pte Ltd News Provided by COMTEX (http://www.comtexnews.com).

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