Bits + Bytes: A Miscellany of Technology
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Malaysia Digital Economy Corporation (MDEC) and the government are focused on implementing and realizing the investments made by global tech giants such as Amazon Web Services (AWS) and Microsoft. The government is fostering a collaborative environment where both investors and the public can witness the digital economy flourish. Major investments by technology giants like AWS and Microsoft in Malaysia’s data center industry are set to provide supply chain opportunities for small and medium enterprises (SMEs) in the country. Nearly 70% of total debit and credit card transactions were contactless following the pandemic. The average e-payment transaction per person rose 31.5% to RM9.5 billion in 2022 from RM7.2 billion in 2021. Gen Z and Baby Boomers prioritize efficient shipping and product variety over discounts when shopping online. The World Bank has appointed economist Zafer Mustafaoglu as the new country director for the Philippines, Malaysia, and Brunei. Malaysia’s social entrepreneurship movement has untapped potential, and the ASBhive-Hasanah Impact Challenge offers RM250,000 in grants to support social enterprises focused on education, community development, and the environment.

#Malaysia #DigitalEconomy #TechnologyInvestments #ContactlessTransactions #Epayments #OnlineShopping #SocialEnterprises

https://theedgemalaysia.com/node/717896