E-wallets are not only changing how we pay for goods and services but have expanded into bringing easier access to customers’ lifestyles.
E-wallets are not only changing how we pay for goods and services but have expanded into bringing easier access to customers’ lifestyles, with a range of applications and opportunities to fit everybody’s needs.
A less talked about fact is how Boost can be a powerful tool for women’s economic empowerment, particularly from a business perspective, through the e-wallet ecosystem – a combination of consumers as well as merchants. While our country boasts a high level of financial inclusivity, in which 92% of the adult population has a bank account, the reality is women still comprise more than half the unbanked population and are still largely under-served by existing financial institutions.
Looking above and beyond e-wallets, Boost has concrete plans to introduce micro-financing and make it more readily available for hardworking entrepreneurs like the makcik. For women looking to open a business or already running one, adopting a cashless payment option is essential. It also saves money on transaction fees card-based payment providers usually charge, reduces the circulation of counterfeit money, provides real-time data on your transactions, and improves customers’ experience with a convenient, fast and secure payment method.
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