Mr. Perry Ong, Chairman of the National Cards Group, discussed the evolution of payment cards in Malaysia towards Vision 2020. He outlined how payment cards have evolved from magnetic stripe cards to chip-based cards and contactless payments. The presentation highlighted Malaysia's goals of achieving 800,000 EFTPOS transactions and 1 billion debit transactions by 2020 through increased card usage, contactless payments, and coordination across banks, merchants, and consumers. Ong argued that achieving these targets requires all players in the payments ecosystem to work together and promote new technologies like contactless that will revolutionize payments in Malaysia.