The E-commerce industry in Malaysia is supposed to lead with a growth rate of 20% by the year 2020 and if we talk about E-commerce business revenue by the year 2020 then it is $4 Billion according to CedCommerce.
With an internet penetration of 85%, that means 26 million people in Malaysia are active on mobiles too, so shopping online becomes as easy as eating food. Shopee and Lazada come out to be the biggest E-commerce players in Malaysia.
Payment options like local mobile wallets and credit cards are the preferred payment methods used by the Malaysians.
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