Boost allows customers to settle household bills automatically
By Digital News Asia July 30, 2021
- Introduces three bill payment features
- GMV for bill payments increased by 40% with utilities
HOMEGROWN e-wallet Boost has introduced three new bill payment features to provide busy Malaysians with the ability to pay their bills with a tap of a button.
The new features – AutoBills, MultiBills and ViewBills – makes Boost the only e-wallet offering users a convenient way settle their bills by managing, viewing, scheduling and making bill payments all from a single, centralised platform, the company claimed in a statement.
The new features are a timely addition as Malaysians continue to work-from-home (WFH) due to the ongoing pandemic, Boost said.
The company also said comparing the first half of 2021 to the same period in 2020, the gross transaction value (GTV) of bill payments increased by 40%.
The bill payment categories of telco postpaid as well as utilities saw the biggest leap in GTV at close to 60% and 50% respectively, it added.
“As most of the workforce work from home, the lines of home and work life have blurred for many Malaysians.
“We saw this as an area where we could come in and help make life easier for our more than 9 million users,” said Sheyantha Abeykoon, chief executive officer (CEO) of Boost.
Abeykoon said these three new features are created to help provide busy Malaysians the convenience of managing and tapping their bills away within a single platform.
Of the three new features, AutoBills allow users to set automated recurring monthly payments. Once set up, payments will be made automatically as scheduled without users needing to open the Boost app, Boost said.
MultiBills, on the other hand, allow users to pay multiple bills at one go. Lastly, ViewBills consolidates all bills registered under the users’ bill account number directly in the Boost app.
It helps to verify that users are paying for the right bill and view their latest outstanding bill statement details without the need to search or refer to it elsewhere, the company said.
Currently, Boost said it has over 50 billers across water and electricity, telco prepaid and postpaid, internet, local councils, Astro, loans and hire purchase under its ‘Bill Payments’ offerings.
Boost is running a campaign until Sept 30, where users stand to win RM10,000 when spending a minimum of RM10 to pay bills using the AutoBills and/ or Multibills features, it said.
Users will also earn Boost coins with every transaction and the coins can be used to get more cashback from the BoostUp catalogue, which aims to help reduce users’ bill payments, it added.
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