e-wallet market race

Boost is another dominant player in the e-wallet market with 170,000 merchants and 7.5 million users. Its CEO Mohd Khairil Abdullah (pic) said the growing awareness and leaps in e-wallet usage over the past three months was encouraging and had contributed to a more robust e-wallet landscape

PETALING JAYA: As the overcrowded e-wallet market steps closer towards consolidation, players in this segment are positioning to stay ahead and deepen their presence in the digital payment space.

The top-three players currently in the e-wallet business are Touch ‘n Go eWallet, Boost and GrabPay, while others are also vying for a stake in this fast-growing cashless arena.