Converting e-wallet ecosystem into banking clients

Prime Minister Datuk Seri Anwar Ibrahim and Minister of Digital Gobind Singh Deo officiate the launch of Boost Bank’s pioneering embedded digital bank app. Present at the event were RHB Banking Group group MD/CEO Mohd Rashid Mohamad (extreme right), Fozia (second from right) and Sheyantha (left).

KUALA LUMPUR: More than two years after Bank Negara awarded five digital bank licences, Boost Bank has become the third digital bank to launch its operations and is confident of being profitable in the next three to five years.

“It is in our business plan to do it (be profitable) within that time frame,” Sheyantha Abeykoon, group chief executive officer of Boost, said.