A cashless society is forming within the grounds of Universiti Teknologi Malaysia (UTM). Over 25,000 students and faculty members across the UTM Kuala Lumpur and Johor campuses will use Boost as their mode of payment for all on-campus purchases.
Developed by Axiata Digital, Boost is an e-wallet that allows users to pay for transactions using just their mobile devices. They can add money into the app via credit card, debit card or any of the 17 online banking partners.
“We aim to transform all our services to be easily accessed through digital means. This partnership marks the beginning of our initiative as we move towards being a fully digital campus,” said UTM Development deputy vice chancellor Prof Dr Azlan Abdul Rahman at the official signing ceremony of the collaboration.
“This is a very exciting time for us as we cement our status as a ‘Cashless Campus’ and pave the way towards a new digital lifestyle. We are preparing our students for the Industrial Revolution 4.0 mindset,” added Azlan.
Currently, 24 of the over 200 merchants within UTM have adopted the cashless payment method. Azlan believes that this number would grow quickly, and hopes that payment for UTM services, as well as scholarships and loans, can be done cash free.
Launched in January this year, Boost CEO Christopher Tiffin hopes that the app would change consumer behaviour and their daily transaction habit.
“Our partnership with UTM signifies more than just a venture, it also represents a new way for Malaysians to move forward in the digital world. We believe that this is only the beginning of an exciting journey as we look to form more strategic partnerships in the future to educate and instil trust in consumers on the reliability, safety and security of e-wallet apps,” said Tiffin.
He added that the team pays extra attention to security details to ensure that the transactions are secure. “We constantly check the front-end, middleware and back-end to spot any flaws in security. We even held hackathons to see if anyone can break into our system, or perhaps spot a loophole,” said Tiffin.
Boost is available on Android and iOS platforms.