From 15 January to 14 March 2020, Malaysia’s leading lifestyle ewallet, Boost, will be one of the disbursement channels for the Government’s eTunai Rakyat initiative, a move towards the country’s push for digital payments and a cashless society.
The RM450 million eTunai Rakyat initiative will benefit 15 million Malaysians. For those using Boost, they will be able to experience the convenience of going cashless at 125,000 merchants nationwide from shopping and dining at major retail and F&B stores or pasar malams, paying for parking and bills, topping up their prepaid mobile phone credit, purchasing movie or public transport tickets or even donating to the less fortunate or a good cause using their smartphones.
Eligible Malaysians aged 18 and older with an annual income of less than RM100,000 stand to benefit from the one-off RM30 stimulus. To claim users just need to log in to their Boost wallets and follow the easy on-screen instructions within the app to redeem. Boost users will also stand to win prizes and once-in-a-lifetime experiences through BoostUP, the ewallet’s user rewards programme
“As a homegrown ewallet, Boost is truly humbled by the faith the Government has shown in us to disburse funds in the eTunai Rakyat initiative through Boost to increase the cashless adoption rate in Malaysia. We applaud the Government’s move in bringing Malaysians together to participate in the digitalisation of our economy,” Mohd Khairil Abdullah, CEO of Boost shares his excitement.
“Boost will continue to revolutionise the way Malaysians transact daily and continue to support the Government’s aspirations for a cashless society where we can. We hope to push the boundaries of today’s payment systems to drive greater convenience and better security with ewallets,” Khairil concludes.
As part of the year-end promotional campaign, users will receive RM5 if they verify their Premium ewallet, which offers benefits of a larger wallet size and higher monthly transaction amounts.