Tourism: Top 10 foreign spenders in Malaysia

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malaysia_megasale_shoppingA new study by credit card firm Visa has listed the top spenders among card holding tourists coming to Malaysia in 2012. The result: Visitors from Singapore were top with $291.4 million, followed by Australia and the UK with spending of $126.7 million and $122.6 million, respectively.

Next on the list were Indonesia, the US, Japan, Saudi Arabia, China, Hong Kong and South Korea. These 10 countries accounted for 64.2 per cent of total Visa card spend by travelers coming to Malaysia. Altogether, overseas Visa cardholders spent $1.6 billion while visiting Malaysia in 2012, up 6.5 per cent over 2011.

Visa country manager for Malaysia Stuart Tomlinson said the growing card usage among visiting travelers showed Malaysia was gradually becoming a more mature electronic payments market as foreign travelers demonstrated a greater level of trust towards the payment system in the country.

The report also noted that the biggest rise in spending was recorded by visitors from Indonesia, who have now become Malaysia’s 4th largest source market in terms of international spending. Spending by Indonesian Visa cardholders increased by 18.8 per cent in 2012 over the previous year to $101.6 million.

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A new study by credit card firm Visa has listed the top spenders among card holding tourists coming to Malaysia in 2012. The result: Visitors from Singapore were top with $291.4 million, followed by Australia and the UK with spending of $126.7 million and $122.6 million, respectively. Next on the list were Indonesia, the US, Japan, Saudi Arabia, China, Hong Kong and South Korea. These 10 countries accounted for 64.2 per cent of total Visa card spend by travelers coming to Malaysia. Altogether, overseas Visa cardholders spent $1.6 billion while visiting Malaysia in 2012, up 6.5 per cent over 2011....

malaysia_megasale_shoppingA new study by credit card firm Visa has listed the top spenders among card holding tourists coming to Malaysia in 2012. The result: Visitors from Singapore were top with $291.4 million, followed by Australia and the UK with spending of $126.7 million and $122.6 million, respectively.

Next on the list were Indonesia, the US, Japan, Saudi Arabia, China, Hong Kong and South Korea. These 10 countries accounted for 64.2 per cent of total Visa card spend by travelers coming to Malaysia. Altogether, overseas Visa cardholders spent $1.6 billion while visiting Malaysia in 2012, up 6.5 per cent over 2011.

Visa country manager for Malaysia Stuart Tomlinson said the growing card usage among visiting travelers showed Malaysia was gradually becoming a more mature electronic payments market as foreign travelers demonstrated a greater level of trust towards the payment system in the country.

The report also noted that the biggest rise in spending was recorded by visitors from Indonesia, who have now become Malaysia’s 4th largest source market in terms of international spending. Spending by Indonesian Visa cardholders increased by 18.8 per cent in 2012 over the previous year to $101.6 million.

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1 COMMENT

  1. This is a WARNING to all travelers and expatriates coming to Malaysia.

    Be Warned! Internet Banking Security is full of holes in Malaysia and there are many cases of locals, travelers and expatriates losing tens of thousands of Malaysian Ringgits in their internet banking accounts. Apparently this happens to mainly local banks especially Hong Leong Bank !

    These banks not only refuse to fix the problems but have steadfastly refused to compensate in full, dragging out the investigation for more than years. The only solution is to consider the traditional Bank Book accounts where you have to join a long queue for a simple transaction!

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