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Spotlighting Fintech Research in Malaysia: A Systematic Review

Author

Listed:
  • Chaleeda Som Sak

    (Faculty of Business Management, University Technology MARA, Cawangan Kedah, Kampus Sungai Petani, 08400 Merbok, Kedah)

  • Zuraidah Mohd Isa

    (Faculty of Business Management, University Technology MARA, Cawangan Kedah, Kampus Sungai Petani, 08400 Merbok, Kedah)

  • Hanif Abu Hassan

    (School of Business Management College of Business, University Utara Malaysia, 06010 Sintok, Kedah.)

  • Nuraini Abdullah

    (Faculty of Business and Communication, University Malaysia Perlis, Perlis)

Abstract

Purpose: The primary aim of this systematic review is to identify and synthesize the research on Fintech in Malaysia. This article summarizes the findings of Fintech research published in WOS and Scopus, providing insights into the present Fintech ecosystem in Malaysia. It also advocates for the creation of a foundation for prospective research opportunities in fintech. Design/methodology/approach: The research systematically reviews literature indexed by Scopus and Web of Science to analyze the trends of Fintech research in Malaysia. Findings: Malaysia's Fintech research concentrates on four domains: blockchain applications, crowdfunding, cryptocurrencies, and electronic wallets. Blockchain technology is being investigated for its potential to enhance efficiency, transparency, and security. Equity crowdfunding is attracting attention, predominantly driven by technology enterprises. Malaysians are progressively adopting cryptocurrencies, signifying an expanding acceptance of digital currencies as financial instruments. The utilisation of e-wallets has surged, especially during the COVID-19 pandemic, owing to their convenience, health considerations, and governmental incentives. Practical implications: This research aids fintech practitioners by illustrating the trends in fintech research published in esteemed journals, specifically WOS and Scopus. The research findings were summarized comprehensively, offering recent insights on the future of fintech, particularly in Malaysia. Originality/value: This paper presents a thorough review of recent Fintech research published in WOS and Scopus. The research elucidates the recent trends in Fintech and synthesizes the findings of the whole study, depicting the current Fintech ecosystem in Malaysia.

Suggested Citation

  • Chaleeda Som Sak & Zuraidah Mohd Isa & Hanif Abu Hassan & Nuraini Abdullah, 2025. "Spotlighting Fintech Research in Malaysia: A Systematic Review," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 9(8), pages 6444-6457, August.
    • Handle: RePEc:bcp:journl:v:9:y:2025:issue-8:p:6444-6457
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    References listed on IDEAS

    as
    1. Nurul-Ain Abdul-Halim & Ali Vafaei-Zadeh & Haniruzila Hanifah & Ai Ping Teoh & Khaled Nawaser, 2022. "Understanding the determinants of e-wallet continuance usage intention in Malaysia," Quality & Quantity: International Journal of Methodology, Springer, vol. 56(5), pages 3413-3439, October.
    2. Siti Aisah Bohari & Ruzita Abdul-Rahim & Aini Aman, 2022. "Role of comparative economic benefits on intention to use e-wallet: the case in Malaysia," International Journal of Electronic Finance, Inderscience Enterprises Ltd, vol. 11(4), pages 364-382.
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    4. Adedapo Oluwaseyi Ojo & Olawole Fawehinmi & Oluwayomi Toyin Ojo & Chris Arasanmi & Christine Nya-Ling Tan, 2022. "Consumer usage intention of electronic wallets during the COVID-19 pandemic in Malaysia," Cogent Business & Management, Taylor & Francis Journals, vol. 9(1), pages 2056964-205, December.
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