Boost Malaysia

Overview

Boost Malaysia is Malaysian mobile wallet + digital financial services + Axiata Group Berhad KLSE: AXIATA Malaysian telecom parent fully owned + ~10M+ Malaysian users + Boost Bank Bhd Malaysian digital bank co-founder with RHB Bank post-Jun 2024 launch ^{1, Malaysia report}.

History

2017 — Boost founded by Axiata Group Berhad Malaysian telecom parent as Malaysian mobile wallet + digital financial services distinctive Malaysian mobile wallet heritage.

Jun 2024 — Boost Bank Bhd Malaysian digital bank launched by Boost Holdings + RHB Bank JV distinctive Malaysian digital banking expansion.

Ownership & operator

Operating entity: Boost Holdings Sdn Bhd (Malaysian mobile wallet + digital financial services; Axiata Group Berhad parent).

Major shareholders: Axiata Group Berhad (KLSE: AXIATA; Malaysian telecom group; Khazanah Nasional Berhad Malaysian sovereign wealth fund + EPF Employees Provident Fund Malaysian pension fund controlling) fully owned.

Regulators: BNM Malaysia.

Technical integration

Boost Life mobile app (iOS + Android; ~10M+ Malaysian users) + myboost.com.my online + Boost Mastercard prepaid card; DuitNow QR + MY IBAN + DuitNow.

Implementations & partners

Axiata Group parent: Axiata (Axiata Group Berhad; KLSE: AXIATA; Malaysian telecom group operating across 10+ Asian countries).

Boost subsidiaries: Boost / Boost Bank (Boost Bank Bhd; Malaysian digital bank by Boost Holdings + RHB Bank JV post-Jun 2024 launch).

Major Malaysian banking + mobile wallet + payments competitors: Maybank Malaysia (Maybank Malaysia; KLSE: MAYBANK; Malaysia's largest commercial bank by assets) + CIMB Bank (CIMB Bank Berhad; KLSE: CIMB; Malaysia's #2 commercial bank by assets) + Public Bank Berhad / MyPB (Public Bank Berhad; KLSE: PBBANK; Malaysia's #3 commercial bank by assets) + RHB Bank Malaysia / RHB Mobile Banking (RHB Bank Berhad; KLSE: RHBBANK; Boost Bank co-founder) + Hong Leong Bank Malaysia / HLB Connect (Hong Leong Bank Berhad; KLSE: HLBANK) + MAE (Maybank E-Wallet) (MAE by Maybank Malaysian P2P mobile wallet integrated within Maybank2u) + Touch 'n Go eWallet (Touch 'n Go eWallet Malaysian super-app wallet; Touch 'n Go + Ant Group JV; ~22M+ Malaysian users; Malaysia's largest mobile wallet by users + transactions) + GrabPay (GrabPay Malaysia; Grab Malaysian mobile wallet) + BigPay (BigPay Malaysia; AirAsia Malaysian mobile wallet + prepaid card).

Regulators: BNM Malaysia.

Status

Active, Malaysian mobile wallet + digital financial services + Axiata Group Berhad KLSE:AXIATA Malaysian telecom parent fully owned + ~10M+ Malaysian users + Boost Bank Bhd Malaysian digital bank co-founder with RHB Bank post-Jun 2024 launch ^{1, 2}.

Sources

• 1 Boost — official
• 2 Boost — Wikipedia
• ^{Malaysia report} In-corpus: reports/countries/MY-malaysia.md

Source

Biography extracted from boost-malaysia.md. See matrix.md for standards-support matrix if present.