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"Boost" welcomes proposed measures to aid social & financial inclusion
KUALA LUMPUR, Oct 12 -- Malaysia’s homegrown lifestyle e-wallet app “Boost” welcomes the government’s plan to introduce measures that can help aid the social and financial inclusion for all Malaysians as espoused in the 2020 Budget announcement.
Chief executive officer Mohd Khairil Abdullah said the company looks forward to support the relevant initiatives that will drive towards developing a robust Malaysian digital economy, in particular, the government’s proposed e-wallet stimulus which was proposed in the budget.
“As the country moves to integrate itself within the rising global digital economy, we look to play our part in building a cashless community and provide access to digital payments and financial services, which will contribute towards accelerating economic development,” he said in a statement Friday.
He said the 2020 Budget makes encouraging provisions for small and medium enterprises (SMEs) to be digitally enabled.
Over 60 per cent of Boost’s more than 113,000 merchants are from the small and micro-enterprise category, he said.
Mohd Khairil said its payment platform provides the merchants with relevant solutions that enables them to be part of the digital economy.
“The government’s e-wallet stimulus initiative will also greatly drive the adoption of e-wallet as an exceedingly convenient method of payment for consumers,” he said.
-- BERNAMA
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