In Malaysia, you can pay with cash or credit cards, and you can also download mobile payment apps for electronic payments.
- Ringgit
The official currency used in Malaysia is the Ringgit. Currently, the circulating Ringgit consists of both coins and banknotes. The banknotes in circulation are of the following denominations: 100, 50, 20, 10, 5, and 1 Ringgit. The coins available are in four denominations: 50, 20, 10, and 5 cents (1 Ringgit = 100 cents). -
Exchange Rate
It’s important to know the exchange rate between the Ringgit and the currency of your home country. To get the best value when exchanging money, you should frequently check the real-time fluctuations in the exchange rate. -
Currency Exchange
You can exchange for Ringgit before your departure at exchange services in your home country, or you can exchange currency at ATM machines at the airport upon arrival in Malaysia.
Alternatively, you can exchange currency at exchange shops in city centers and large shopping malls across Malaysia. However, the exchange rates at these shops fluctuate, so it’s a good idea to compare a few options before exchanging.
- Payment
Cash Payment: Cash is the most commonly used payment method suitable for most everyday transactions.
Card Payment: As for bank cards, Visa and MasterCard are commonly used in Singapore, offering two payment options, contactless (PayWave) and PIN-based transactions.
Mobile Payment: Boost and Touch’n Go are popular mobile payment apps in Malaysia. Additionally, Alipay and WeChat Pay are also accepted for transactions.
