The 2025 Annual Report of Bank Negara Malaysia (BNM) revealed that on average, every Malaysian made 538 digital transactions last year. This is an increase from the average of 432 transactions in 2024.
This remarkable achievement signifies that Malaysia has successfully surpassed the digital economy target set in the Financial Sector Plan 2022-2026. Compared to the growth target of at least 15% for average e-payment transactions per capita, the country has successfully recorded growth at 17%.
The country's digital financial landscape continued to grow rapidly in 2025 as the number of e-payment transactions jumped by 25% to reach 18.4 billion compared to 14.7 billion in 2024.
According to BNM, this surge was driven by the continued acceptance and use of digital payments in everyday economic activities. DuitNow QR payments have doubled to 3 billion transactions last year compared to 1.5 billion transactions in 2024.
At the same time, the popularity of digital payments has led to a decline in payments using cheques. In 2025, only 31.4 million cheques were issued, 21.3% lower than the 40 million cheques issued in 2024.
