KUALA LUMPUR -- Malaysia is seeing a jump in demand for the payment services that make e-commerce possible, driven by the spread of smartphones. For foreign investors eyeing regional opportunities in the sector, the country's midsize population and relatively developed infrastructure make it an attractive jumping-off point.
The Malaysian e-commerce market is expected to grow 34% on the year to $3.8 billion in 2017, according to a recent report by BMI Research. That projection bodes well for e-payment service providers like iPay88, which controls 70% of the domestic market.
