Company Information

Get to know BoostPay

Launched in 2017, Boost is the fintech arm of Axiata Digital, a subsidiary of the telecommunications conglomerate Axiata Group. Initially an e-wallet for cashless payments, Boost has since evolved into a comprehensive platform offering a wide range of services including bill payments, online shopping, food delivery, micro-insurance, and digital credit through "Boost Credit". Its mission is to financially empower millions of users and merchants, particularly those in underserved communities, by making financial services more accessible and user-friendly. The company operates primarily in Malaysia and has expanded its regional footprint into Indonesia.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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BoostPay

United Kingdom

Founded in

2010 (16 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Regulated

Recommended

IUX

(2,284 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.