null Efficient fintech to lead M’sia into RM12.5t halal market
Efficient fintech to lead M’sia into RM12.5t halal market
6 Mar 2023 | Monday Source: The Malaysian Reserve
THE Malaysian digital financial service providers including financial technology (fintech) are urged to collaborate to take advantage of the country’s top position as the world’s most robust Islamic economy ecosystem.
The top ranking given to Malaysia put local providers in the best standing to tap into a US$2 trillion (RM8.95 trillion) halal consumption market, which is driven by the digital economy and projected to grow at a compounded average growth rate (CAGR) of 7.5% to US$2.8 trillion (RM12.53 trillion) by 2025.