Retail in Asia

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Malaysia ranks 3rd in mobile shopping growth in Asia-Pacific

Malaysia ranked third in mobile shopping growth in Asia-Pacific, just behind Taiwan and India, according to MasterCard’s Mobile Shopping Survey.

The country recorded over 20 percent growth, from 25.4 percent in 2012 to 45.6 percent in 2014, the technology company in global payments industry said in a statement on Monday.

MasterCard said one of the key factors fuelling the growth was the number of Malaysians accessing the internet through their mobile phones, which had risen steadily from 81.2 percent in 2012 to 94.6 percent in 2014.