Boost widens its reach

Axiata Digital CEO and chairman of Boost Holdings Mohd Khairil Abdullah (pic) said: “Countries all over have seen accelerated digital transformation over the last year, such that digital financial services are a necessity rather than an option."

KUALA LUMPUR: Boost Holdings Sdn Bhd, Axiata digital’s fintech holding arm, is pushing on in the race for regional digital financial services offerings with a 68.75% equity acquisition in an Indonesian licensed entity, PT Creative Mobile Adventure.

PT Creative operates a telco supply chain model financing business under the brand Kimo with the limited number of peer-to-peer full digital financing licenses issued by OJK (Otoritas Jasa Keuangan, Indonesia). OJK is the financial Services Authority of Indonesia.