Boost Bank, the digital bank created by Axiata and RHB, has officially launched its app, aiming to provide a seamless onboarding experience for users.
Approved by Bank Negara Malaysia and the Ministry of Finance , Boost Bank integrates banking features directly into the existing Boost e-wallet app, allowing Premium Wallet users to open a bank account effortlessly.
Boost Bank says its primary focus is the unbanked and underbanked populations, offering digital onboarding to those without an existing bank account, aligning with its mission to serve underserved and unserved sectors of society. The partnership between Boost and RHB Banking Group combines the agility of a fintech company with the stability of a traditional bank, ensuring users benefit from innovative financial solutions alongside reliable banking services.
Deposited funds can be used for DuitNow transfers and QR code payments, ensuring nationwide usability, although this is only exclusively available via the Boost e-wallet app for the time being. Looking ahead, the digital bank plans to expand its features, with a Debit Card already in development and slated to launch sometime in July this year.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AEON Bank officially launches Malaysia's first Islamic digital bankTOKYO: The proprietor of the beloved Kame no Yu bathhouse in Kanagawa prefecture, near Tokyo, has announced the cessation of operations by the end of May, citing untenable harassment and other nuisance behaviour by customers.
Read more »
Aeon Bank officially launches Malaysia’s first Islamic digital bankSHAH ALAM: Aeon Bank (M) Bhd officially launched its digital bank today, making it the first Islamic digital bank in Malaysia. Chief executive officer...
Read more »
Aeon Bank officially launches Malaysia’s first Islamic digital bankSHAH ALAM, May 26 — Aeon Bank (M) Bhd officially launched its digital bank today, making it the first Islamic digital bank in Malaysia. Chief executive officer Raja Teh Maimunah...
Read more »
You can now register for Boost Bank - A conventional digital bank by Boost and RHBMany are already familiar with the Boost digital wallet, which was very popular once upon a time. Now, in addition to the digital wallet, the party behind it al
Read more »
AEON Bank Officially Launches With Visa Debit CardAEON Bank has officially been launched as Malaysia's first Islamic digital bank as well as being the second digital bank overall to be available to the
Read more »
AEON Bank officially launched today, Malaysia’s first Shariah-compliant digital bankAEON launched AEON Bank (M) Berhad, the first Shariah-compliant digital bank in Malaysia that offers various personal digital banking services and various ben
Read more »