The readiness of infrastructure, the availability of online services, the broadband maturity and a strong awareness of e-commerce are the main factors which will contribute to such a boost, according to Wei Chuan Beng, the chairman of the National ICT Association of Malaysia (Pikom) chairman, cited by the same source. Wei Chuan Beng urges financial institutions to lower the fees of e-payment, in order to encourage the e-commerce activity in the country.
In 2010, the e-commerce sector is expected to jump by 32 percent to USD 29.24 billion.
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