Boost, Malaysia’s homegrown e-wallet app, announced today its partnership with global payment brand UnionPay to grow its footprint in Malaysia and overseas.
As one of the fastest growing global payment brand in the world, UnionPay serves the world’s largest card base of over 7 billion. Having formed partnerships with more than 1,800 institutions worldwide, UnionPay has enabled card acceptance in 170 countries and regions globally with issuance in 48 countries and regions. Providing high quality, cost effective and secure cross-border payment services to the world’s largest cardholder base, UnionPay ensures convenient local services to a growing number of global UnionPay Cardholders and merchants. Currently, there are over 7.5 million UnionPay QR Code (QRC) merchants globally, with UnionPay International announcing in May 2018 a massive roll out of EMV-compliant QRC terminals across different industries all over Malaysia.
“We are pleased to partner with Boost as we immerse our business into a cashless environment to provide our customers a more convenient, secure and seamless way of paying. With our core values centred on sharing growth and win-win cooperation with partners and bringing fresh perspectives to the global payment industry, joining forces with Boost signifies a natural progression in our business as we shift towards digitising the worldwide nation. This is also in line with our strategy to localise our business to better cater to the payment needs of Malaysian businesses and consumers,” said Mr Wenhui Yang, General Manager, UnionPay International Southeast Asia.