As Malaysia’s consumer spending gears up for a strong 2025, driven by an average income growth of 3.3% year-on-year, household expenditures are set to rise sharply – from RM896.9 billion in 2024 to an anticipated RM943.7 billion this year.
But what’s truly reshaping the consumer spending landscape? A new wave of digitally savvy Malaysians is demanding smarter, more flexible payment solutions such as Easy Payment Plans (EPP) to help manage both planned and unplanned purchases.
Recognising this shift in consumer expectations, Malaysia’s leading payment gateway, Razorpay Curlec, has joined forces with the trusted leader in digital payments, VISA, in a strategic partnership to deliver credit card-based instalment plans through VISA Instalment Solutions (VIS).
This game-changing collaboration is designed to empower businesses nationwide, enabling them to offer customers easy and affordable ways to manage both planned expenditures and unexpected expenses.
With VIS now integrated into the Razorpay Curlec platform, businesses can provide their customers the freedom to spread the cost of big-ticket items over manageable monthly instalments, available on credit cards from major banks. This partnership not only meets the evolving needs of Malaysia’s consumers but also unlocks fresh growth opportunities for businesses in a fast-paced digital economy.
Kevin Lee, Country Head and Chief Executive Officer of Razorpay Curlec, said, “Today’s consumers do not just appreciate flexibility, they expect it, especially when it comes to making high-value purchases. To stay ahead, Malaysian businesses need solutions that deliver choice without compromising cash flow or customer experience.
Through our partnership with Visa, we are enabling thousands of Razorpay Curlec businesses to offer trusted, seamless instalment options, empowering them to elevate the checkout experience, deepen customer relationships, and unlock new avenues for growth and loyalty,” Lee concluded.
Previn Pillay, Country Manager of Visa Malaysia, said, “We’re thrilled to partner with Razorpay Curlec to enable Visa Instalment Solutions at checkout, empowering consumers with seamless and flexible ways to pay. Instalments are increasingly becoming a smart and manageable way to spend, whether on everyday essentials or larger purchases, because they provide both choice and peace of mind. By bringing VIS to Razorpay Curlec, we are supporting financial confidence and giving consumers greater control of their spending, underscoring our commitment to driving inclusive payments built around the needs of consumers.”
According to the 2024 Visa Consumer Payment Attitudes study, card payments are especially prevalent in more mature markets such as Singapore and Malaysia (91%), where card usage maintains a deeper foothold than other newer payment methods, despite the momentum for mobile wallets.
With EPP, businesses offer customers 0% interest and no management fees on purchases with flexible instalments for credit card users. Customers can access over thousands of participating retailers across categories like home & living, electronics, jewellery, and beauty services.
By combining world-class technology with deep local insight, Razorpay Curlec is redefining what it means to be a modern payment gateway in Malaysia. Trusted by businesses of all sizes, Razorpay Curlec remains committed to driving innovation, strengthening security, and delivering customer-first solutions to Malaysian businesses, powering growth in one of Southeast Asia’s most dynamic digital economies.
