Malaysia grapples with securing real-time payments in the AI era
Technology
ASEAN collaboration also in the spotlight as cross-border QR transactions surge
QR payments in Malaysia surged to about 3.48 billion in 2024, up from 109 million five years earlier, a more than thirtyfold increase. They remain on the rise. © Visa Malaysia
KUALA LUMPUR/SINGAPORE — Malaysia’s real-time payments system is entering a phase of greater complexity as artificial intelligence begins to take on a more active role in how money moves, raising concerns that fraud and systemic risks are evolving faster than safeguards.
