Malaysian Youth Can Redeem E-Belia Credit Through Boost Starting June 1

E-wallet service provider, Boost has announced that eligible Malaysian students to claim their RM150 e-belia credit starting this June 1.

Through Boost, students can access over 242,000 online and offline merchants nationwide, including those located at 58 local college and university campuses across the country.

To add more benefits for successful eBelia claimants, Boost will be topping up the RM150 from the Government with additional rewards worth up to RM300. 

These rewards can be redeemed from Boost partners such as Watsons, KFC, Zalora, Fave, Tealive, Starbucks, Celcom, Yoodo, Digi, Great Eastern, BuyMall, Youbeli, Hermo, Mydin and many more on a first come, first served basis.

By allowing eBelia claimants to safely spend their e-wallet credit, Boost believes that this Government initiative will help merchants weather the impact of the lockdown as the nation works together to flatten the Covid-19 infection curve and lead to economic recovery.

Mohd Khairil Abdullah, Chief Executive Officer of Boost said, “The eBelia RM150 e-wallet incentive comes at a trying time for Malaysia, and will go a long way in alleviating living expenses of students. This initiative also has strong potential to help spur domestic spending to regenerate local businesses, especially the micro and smaller merchants. At the same time, it helps mobilise our youth to contribute to the development of a cashless, digital economy.”

Given the financial difficulties faced by some students and their parents during this difficult pandemic, Boost is also collaborating with sister company, Aspirasi to launch a referral programme called ‘Kongsi Klub’ as a way for students to earn extra money while also cultivating and encouraging the entrepreneurial spirit.

The Kongsi Klub, is to encourage students to build resourceful skills in helping micro and small merchants obtain low-cost financing of up to RM100,000 via Aspirasi Capital.

Users who successfully assist micro and small merchants in registering for Aspirasi Capital will receive 1.5 percent of the total financing amount or a cash reward of up to RM1,500 for each referral.

As an incentive, eBelia users who sign up with Kongsi Klub will get an automatic RM20 e-wallet credit. Users can register for Kongsi Klub at www.aspirasi.co/kongsiklub.

Additionally, Boost is giving successful eBelia claimants a chance to win a commemorative gold coin worth RM29,000 (based on current gold price) and other lifestyle products worth over RM50,000 through BoostUP Pick & Win with as little as 50 Boost Coins.

Apart from the commemorative gold coin, participating in Pick & Win would put them in the running to win amazing prizes such as a Harman Kardon Aura Studio 3 Bluetooth speaker, MSI Thin GF63 Gaming Laptop, Samsung Odyssey G5 WQHD TV, iPad Pro and many more.

“We are honoured to once again collaborate with the government as a partner in another significant national initiative. eBelia assists our country’s youth in our efforts to increase digital adoption and drive economic recovery. We are going above and beyond for this initiative by providing new income opportunities for our youth while also cultivating an entrepreneurial mindset,” he added. 

To claim it, users can follow these simple steps after downloading and registering an account:

  1. Tap on the eBelia banner on the Boost app homepage, under the ‘What’s New’ section or the eBelia in-app overlay
  2. Tap on ‘Verify IC’ and perform the eKYC verification process as described by the on-screen instructions. If IC has been verified, this step will be skipped.
  3. Once the account is verified, tap on ‘Submit Claim’ and enter the additional required information
  4. Once information has been verified, you will receive a ‘Successful Claim’ notification and gain access to your RM150 eBelia credit and Boost Rewards.
  5. Check out the Boost app homepage where you can select additional rewards up to RM300.

The RM150 e-wallet incentive will be available for eligible Malaysians aged between 18-20 years, as well as those who are studying full-time in registered local higher learning institutions at diploma or SKM4 level and above.

The last date to submit claim for the RM150 e-wallet credit is  July 22. The last date to spend it is July 31, following which any unused balance will expire and be removed from the user’s e-wallet. 

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