New Boost SME digital business banking platform to empower businesses in Malaysia

Managing a micro business often means dealing with multiple payment issues. To address these challenges, Boost SME, a fully digital business banking platform is combining an array of essential digital banking services, financial solutions and payment capabilities in one seamless, accessible ecosystem.

Boost SME services

The next stage of evolution from their origins as a trusted eWallet and digital lender, Boost SME reflects Boost’s commitment to helping underserved SMEs embrace digitalisation and gain access to intelligent business tools.

With Boost SME, businesses can open an account in as fast as five minutes, is accessible via web and mobile applications, able to get an overview of their finances and gain access to same-day DuitNow QR settlements even on weekends and public holidays. 

To help businesses, Boost SME offers two programmes that address different business priorities with Boost Grow intended to maximise idle funds to earn 3.0% p.a daily interest with no lock-in or minimum balance and Boost Flow that prioritises cash flow and lower operating costs with 0.1% sales rebate up to RM2,000 in monthly sales and Merchant Cash Advance that offers credit limits from RM10,000 for businesses that transact RM2,000 or more in 30 days as a Boost merchant. 

Additional perks include Boost Bank’s Biz Loan for fast financing access of up to RM300,000 with approvals taking as little as 20 minutes and disbursement in as fast as 24 hours. Boost SME also offers complimentary AWS e-invoicing subscriptions and training for eligible merchants along with a free Soundbox Lite while stocks lite. For more details visit www.myboostsme.co