Boost’s Tabung COVID-19 Enables Malaysians to Donate to Frontliners Using Their E-Walletby Fintech News Malaysia March 27, 2020 1 comment
Homegrown e-wallet Boost today announced the introduction of Tabung COVID-19 by Boost, a donation fund to help ease the burden of those directly impacted by the coronavirus pandemic in Malaysia.
This news follows the group’s launch of RM 150 Million fund to aid Micro SMEs impacted by COVID-19
Mohd Khairil Abdullah, CEO of Boost shared that the Tabung COVID-19 by Boost was created so Malaysians can easily channel their support through their e-wallets where Boost would then deploy the funds to the appropriate beneficiaries fighting the deadly virus.
“There are many unsung heroes in the medical profession who are working tirelessly to put our needs ahead of theirs, and in the midst of this battle to prevent the spread of COVID-19, there are families who fall casualty to the coronavirus. Everyday poses new challenges for everyone and we encourage Malaysians to get involved and join us in the effort to support and assist our frontliners who are keeping us safe as well as families of victims through this fund. No amount is too small to give as we believe little gestures make a big difference,”
Through Tabung COVID-19 by Boost, the contributions collected will bring much needed aid to the country’s healthcare ecosystem during this crisis. All funds collected will be channeled directly to the Ministry of Health’s (MOH) recently established special COVID-19 fund and various NGOs actively looking after communities directly affected by the COVID-19 pandemic.
All funds received from now until 31 March 2020 will be channeled to MOH, while funds received starting 1 April to 30 April 2020 will be distributed between MOH and relevant NGOs. The funds given to MOH will help the Ministry purchase medical equipment, medicines, reagents, disposable items, and other medical necessities.
The Boost COVID-19 fund is the first of the five initiatives under the #BoostGotYou campaign. Now with the extended MCO period, Boost says that it is determined to drive more innovative solutions through its e-wallet that will help make staying at home comfortable for the duration of the MCO.