In Southeast Asia, bank transfers as payment are part of the norm. On our platform much more than half of all payments use bank transfers. For Malaysia specif

In Southeast Asia, bank transfers as payment are part of the norm. On our platform much more than half of all payments use bank transfers. For Malaysia specifically this is facilitated by a nation-wide provider in which all banks must participate. Because of that payment gateways can just integrate with that provider and not with individual banks. The maximum fees are also set by the government. Transfers must be free for GIRO clearing and are very low for instant clearing and have been required to be waived since before covid. The result of this is exceedingly positive in my opinion. For instance one bank has a QR code that you can print (which contains basically just the account number) and you can pay in shops by scanning it. But besides that for random other things people will accept bank transfers. For instance, plumbers, AC repair, etc typically only take cash but in my experience will accept a bank transfer.