Tag "Boost"

RHB Invests RM8.6 Million in Boost Bank, Maintains 40% Stake in Digibank

RHB Bank has further invested RM8.6 million in Boost Bank, subscribing for an additional 8.6 million shares to maintain its 40% stake in the digital banking venture. According to The Star, this follows Boost Holdings Sdn Bhd’s (BHSB) similar injection

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Boost PayFlex Expands Shariah-Compliant BNPL Across App and DuitNow QR

Malaysian e-wallet Boost has expanded its Shariah-compliant PayLater feature, called Boost PayFlex, to cover all transactions within its app as well as QR code payments. The credit line can be used for payments up to 3-month instalments at over 1.8

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5 Key Fintech Trends that Will Shape Malaysia in 2024

In 2024, Malaysia is set to see significant growth in its fintech industry. This is primarily due to increased digital adoption in the country, supported by government regulations, substantial funding, and a growing talent pool. These factors are vital contributors

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Boost Bank Receives Nod from BNM to Launch its Digital Bank

Boost and its consortium partner, RHB Banking Group (RHB), received official approval from Bank Negara Malaysia (BNM) and the Ministry of Finance (MOF) to commence operations as a digital bank, with effect from 15th of January 2024. The consortium will

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Are Digital Banks the Catalyst in Making Embedded Finance the New Norm in Asian Finance?

In a dynamic and ever-changing financial landscape, the concept of embedded finance has emerged as a powerful force shaping the future of financial services.  During a recent fireside chat, a panel of experts delved deep into the intricacies of embedded

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What Does it Take to Build a Bank from Scratch?

The digital banking landscape in Malaysia has been undergoing a remarkable transformation since Bank Negara Malaysia issued five digital banking licenses just over a year ago. These licenses have paved the way for pioneering digital banks to revolutionise the financial

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Boost & CelcomDigi Team With Mastercard to Launch ‘Pay Later’-Capable Beyond Card

Boost, in a collaborative effort with CelcomDigi and Mastercard, has rolled out the Beyond Card in Malaysia. This card facilitates payments from the Boost wallet balance or through a pre-approved ‘Pay Later’ credit line, introducing an innovative payment concept to

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Axiata’s Boost and RHB Gearing for Digital Bank Launch by End-2023

Axiata Group is set to launch its digital bank by the end of this year with the goal to turn profitable in the next three to four years according to a Bernama report. Boost, the fintech arm of Axiata Group,

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Boost Rumoured to Be Raising up to US$100M to Expand Digital Banking Operations

Boost Holdings Sdn. Bhd., a fintech unit of Malaysia’s Axiata Group Bhd., is considering raising between US$50 million to US$100 million in a new funding round, according to anonymous sources familiar with the matter. Boost Holdings is working with a

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Women Leaders Spearhead Digital Banking Revolution in Malaysia

The digital banking industry in Malaysia has undergone rapid evolution in recent years, revolutionizing the country’s financial sector by providing customers with fast, secure, and convenient banking services.  Technological advancements and changing customer preferences have driven the growth of Malaysia’s digital

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