Boost Bank
in Malaysia 🇲🇾
Crypto-Friendliness
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About Boost Bank in Malaysia
Boost Bank is Malaysia's first homegrown digital bank, established through a joint venture between Boost Holdings Sdn Bhd (the fintech arm of Axiata Group Berhad) and RHB Banking Group. Boost holds a 60% equity stake while RHB owns the remaining 40%.
The bank merges the technology-first mindset and agility of a fintech with the trust and stability of a large, established financial institution. As a licensed digital bank approved by Bank Negara Malaysia (BNM) and the Ministry of Finance, Boost Bank is a member of Perbadanan Insurans Deposit Malaysia (PIDM).
Boost Bank's founding mission centers on financial inclusion, specifically targeting underbanked and unbanked populations in Malaysia. The bank reached RM700 million in deposits within just six months of its public launch.