Alipay, China's leading third-party online payment solutionAlipay, China's leading third-party online payment solution

Boost

Boost was founded in 2017 by Axiata, which is a well-known telecom operator in Malaysia. It is one of the fastest-growing wallets for local users and also the most popular e-wallet in the local market. Users can use an app through which they can choose between a basic wallet and a premium wallet, which determines the balance limit and transaction limit.

Boost wallet provides payment services for shopping, catering, traveling, movie-watching, and more, with merchants spanning from online stores to offline stores. These also include e-commerce platforms such as Shopee and Lazada, entertainment merchants such as PlayStation, Steam, and Spotify, catering merchants such as Burger King, KFC, and Nando's, and transportation merchants such as Klia and RedBus.

Properties

The following table lists the product properties supported by Boost:

Payment type

Alipay+ payment method

Acquirer

AlipaySG, AlipayEU, AlipayUS, AlipayUK

Acquiring region

SG, AU, HK,

US, EU, UK

Payment flow

Redirect

Auto Debit

✔️

Buyer country/region

Malaysia

Refund

✔️

Funds deduction

Real-time

Partial refund

✔️

Processing currency

MYR

Chargeback/Dispute

Minimum payment amount

0.05 MYR

Maximum payment amount

50,000 MYR/month

User experience

The following graphic shows the Boost app authorization process:

image.png

Figure 1. Authorization process