E-wallet, Boost has been named as part of the International Data Corporation (IDC) Financial Insights’ 2020 FinTech Fast 101 list of fast-growing fintech companies in the Asia/Pacific region.
“We are proud and honoured to be recognised as one of the fastest growing fintech players by IDC. This is a testament to our commitment and tenacity in revolutionising the way consumers transact on a daily basis, solving every day cash-related pain points. With the recent e-Tunai Rakyat initiative and following the movement control order (MCO) to contain the Covid-19 outbreak, we expect to continue growing rapidly to cater to the evolving needs of Malaysians,” said Mohd Khairil Abdullah, CEO of Boost
“Boost has been at the forefront of digitizing and building a robust cashless payment landscape in Malaysia. Some of the industry firsts developed by Boost include providing convenient payments solutions for public health services, insurance payments, street parking, and e-donation, which the recent ‘Tabung Covid-19 by Boost’ to aid frontliners and families affected by the outbreak in the fight against the pandemic,” he added.
The e-wallet service provider is optimistic of its growth trajectory as the company sees more Malaysians opt for more cashless options following recommendations by the World Health Organisation (WHO) to switch to contactless payment methods such as e-wallets to curb the spread of coronavirus.
Boost was included in the IDC Financial Insights Asia/Pacific FinTech Fast 101 list based on extensive on-ground analysis of fintech players across 11 key markets in the Asia/Pacific region.
The e-wallet service provider was also noted as one of the first movers in Malaysia’s cashless agenda, recording commendable growth since launching in 2017. Its all-encompassing ecosystem features an open platform that allows third-party features to be made available from within the app.
Over the years, Boost has diversified in its approach by focusing on helping small and micro-enterprises who run predominantly cash-based businesses such as hawker stall owners, pasar malam traders, as well as those located in rural areas as a way to promote digital and financial inclusivity in the country.
