Homegrown e-wallet, Boost has announced a strategic partnership with Setel – Malaysia’s first mobile application that creates seamless on-the-go refuel and retail experience for Petronas customers.
This partnership not only expands Boost’s offerings under its ‘Transport & Transit’ portfolio but more importantly, explores a new frontier in driving interoperability between the two platforms, in which Setel will be fully integrated into the Boost app.
This means that users can directly access Setel through Boost, and enjoy a seamless experience by making fuel purchases from their mobile devices without leaving their vehicles. Users will also be able to earn Mesra points for each transaction made at Petronas stations giving them double rewards when paying with Boost.
Mohd Khairil Abdullah, Chief Executive Officer of Boost said, “We are excited to form this collaboration with Setel. Boost is always looking to disrupt the status quo and digitise traditional day-to-day routines. Especially now, in this new normal where domestic travel has growing popularity with many exploring the country by road, we want to meet the needs of Malaysians looking for a faster and safer way to refuel on their travels. This new relationship is a stepping stone to drive more interoperability between both partners in building a robust cashless ecosystem for a digital forward society.”
New users can register for a Setel account from within Boost by going to the ‘Transport’ tile, tapping on Setel and entering their phone number. Once registered, users can simply enter the pump number and amount to be filled.
“Setel continues to revolutionise the retail-on-the-go experience for customers in Malaysia through our new offerings. We have built an ecosystem centred around Petronas retail stations while leveraging on our strong network of partners to deliver a seamless and frictionless experience to our customers. This collaboration unlocks the pay, pump and go experience at 1,000 Setel-enabled Petronas stations nationwide while earning double loyalty rewards from both Setel and Boost,” said Iskandar Ezzahuddin, Chief Executive Officer of Setel.
From Oct 1 to Dec 31, Boost and Setel are giving a 10 percent cashback, capped at RM5 upon a minimum spend of RM30. This cashback is applicable to 200,000 newly registered Setel users who make their first transaction using Boost at Setel-enabled Petronas stations.
The cashback earned will be automatically credited into the Setel Partner Wallet in the user’s Boost account within seven working days. Any cashback stored in the Partner Wallet will be automatically deducted upon a minimum spend of RM20 with Boost at the user’s next visit to a participating Petronas station.