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Local and Alternative Payment Methods in Borneo

Borneo, the third-largest island in the world, is shared by three countries: Malaysia, Indonesia, and Brunei. For the purposes of e-commerce, we can consider the major regions separately.

Malaysian Borneo (Sabah and Sarawak)

Malaysian Borneo, with a combined population of over 6 million people, is a growing e-commerce market. The currency is the Malaysian Ringgit (MYR), and the main languages are Malay and English.

Indonesian Borneo (Kalimantan)

Indonesian Borneo, known as Kalimantan, has a population of over 16 million people. The currency is the Indonesian Rupiah (IDR), and the main language is Indonesian.

Brunei

Brunei, with a population of over 400,000 people, is a small but affluent e-commerce market. The currency is the Brunei Dollar (BND), and the main languages are Malay and English.

The e-commerce and online payment sectors are growing fast in these regions. For online merchants, using local payment methods is key to boosting sales. Familiar payment options make customers more likely to complete purchases, reducing cart abandonment, building trust, and enhancing security.

Benefits of Local Payment Methods:

• Increase sales.
• Reduce cart abandonment.
• Enhance customer satisfaction.
• Build customer loyalty.
• Gain trust and stand out in the market.

Offering local payment options connects you with millions of potential customers across Borneo and drives growth.