Deputy digital minister Wilson Ugak Umbong said this figure shows an increase from RM9.5 billion in 2022 and RM7.2 billion in 2021.

“The ministry will continue to collaborate with various parties in encouraging entrepreneurs to adopt cashless payment methods in line with technological advancements.

“In this regard, BNM is the leading agency in promoting the use of e-payments among consumers and businesses to facilitate easy and secure digital transactions,” he said when winding up the debate on the motion of thanks for the royal address today.

Through the Jalinan Digital Negara initiative previously implemented by the communications ministry, Wilson said 4G network coverage is being expanded throughout the country so that 100% coverage in populated areas (CoPA) can be achieved by 2025.

He said Digital Nasional Bhd will also complete 7,509 5G sites nationwide to further increase 5G access.

“With a 100% CoPA for 4G networks achieved and the completion of the 7,509 5G sites, it is hoped that the adoption of digital payments, especially among small entrepreneurs, will be able to be expanded throughout the country,” he added.