Boost supports government’s e-wallet initiatives

In a statement, the e-wallet player said Boost could be used across Malaysia to pay for services both online and offline.

PETALING JAYA: E-wallet player, Boost is in full support of the government’s e-wallet initiatives under the ‘Short-term National Economic Recovery Plan’.

The plan will spur domestic spending for local merchants and enhance higher adoption of digital payments as a safer method of payment compared to cash in the Covid-19 pandemic. Under the plan, the government’s e-wallet measures included ePENJANA e-wallet stimulus, Shop Malaysia Online initiative and the Micro, Small and Medium Enterprises (MSME) e-commerce Campaign.

In a statement, the e-wallet player said Boost could be used across Malaysia to pay for services both online and offline.

It added that big retail brands that accept their payments have outlets in populated areas of the country, making them accessible.

“We believe the Short-term National Economic Recovery Plan has given us an important role as a digital financial services provider to contribute towards the nation’s digital economy aspirations and develop its ecosystem.

“We are excited by the initiatives identified by the government towards uplifting all segments of society and addressing the economic impact of the Covid-19 pandemic, ” it added.

Given that most Malaysians shop at the pasar malam and bazaars, it noted that the landscape is changing.

Many small and micro businesses are adopting e-wallet payments, it noted.

To-date, Boost has more than 165,000 merchants with over 60% of them from the small and micro-enterprise categories.