Axiata, Sinarmas sign two Letters of Intent to advance strategic collaboration

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  • The parties ‘ telecom ecosystems are outlined in the first LOI, which outline cooperative efforts.
  • 2nd LOI reaffirms the acquisition of PT XL Axiata, Smartfren &amp, Smart Telcom into PT XLSmart

From left to right: President of Indonesia Prabowo Subianto, chairman of Sinar Mas Telecommunications and Technology Franky Oesman Widjaja, chairman of Axiata Shahril Ridza Ridzuan, and prime minister Anwar Ibrahim.

At a ceremony attended by Indonesian president Prabowo Subianto and Malaysian prime minister Anwar Ibrahim, Axiata Group Berhad and Sinar Mas have signed two letters of intent ( LO Is ) to explore and develop strategic collaborations.

The second LOI provides a platform for in-depth discussions on joint activities utilizing their communications ecosystems. The cooperation will concentrate on high-growth areas such as innovative 5G solutions, business services, digital infrastructure, and blockchain innovations to help local digital transformation.

Vivek Sood, party CEO of Axiata Group, stated:” These LOIs with Sinar Mas indicate a key step towards shaping Southeast Asia’s online change. By harnessing the potential of 5G, business solutions, and electronic equipment, we aim to bridge the digital divide and generate sustainable development across Malaysia, Indonesia, and above.

We are thankful for the backing of the governments of Malaysia and Indonesia, whose forward-thinking digital procedures enable partnerships that are in line with regional and national goals. Collectively, we are building a radiant and equitable digital ecosystem.”

Under the first LOI, Axiata and Sinar Mas may do business assessments, review dynamic landscapes, and discover unmet demands across focus markets. Additionally, they may look into strategic alliances to incubate new businesses and solutions that are in line with the goals of the modern economy.

Franky Oesman Widjaja, president of Sinar Mas Telecommunications and Technology, remarked:” These LOIs with Axiata indicate an interesting book in accelerating digital change across Malaysia and Indonesia. By unlocking synergies and nurturing creativity, we aim to enhance communication, enable organizations, and generate regional economic growth.”

The proposed merger of PT XL Axiata Tbk, PT Smartfren Telecom Tbk, and PT Smart Telcom, forming PT XL Smart Telecom Sejahtera Tbk (XLSmart ) in Indonesia is reiterated in the clear agreements that were made on December 21, 2024. The merger, valued at over US$ 6.5 billion ( RM1.46 trillion ), is expected to enhance innovation, service quality, and digital connectivity while fostering a competitive market.

The LOI ratifies both parties ‘ intentions to function in good faith to abide by the terms of the agreements and look into synergies using techniques like network sharing and asset-right/light types to increase value and effectiveness.

The acquisition, pending typical final circumstances, is subject to regulatory and investor certifications and is anticipated to get completed in the first quarter of 2025. Updates will be communicated via formal channels, including trade announcements, regulation disclosures, and organization websites.

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EVM, Solarvest, and PECC2 partner to boost renewable energy in Vietnam

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  • Allows for large-scale clean energy to get provided in Vietnam.
  • uses the Direct Power Purchase Agreement to provide EVM with natural light.

EVM, Solarvest, and PECC2 partner to boost renewable energy in Vietnam

Saigon Jim Brother’s Corporation ( EVM), Solarvest ( Vietnam ) Company Limited ( Solarvest ), and Power Engineering Consulting Joint Stock Company 2 ( PECC2 ) have signed an MoU to promote renewable energy in Vietnam via the Direct Power Purchase Agreement ( DPPA ) Mechanism. This collaboration will deliver natural electricity from Solarvest and PECC2 to EVM’s Asian operations, aligning with Vietnam’s Decree 80/2024/ND-CP on DPPA regulation for solar energy generators and big consumers. &nbsp,

Partnership Facts

The parties are utilizing the online DPPA, which gives EVM access to the federal grid’s green energy from a renewable farm. This strategy aims to conquer barriers such as convenience, regulation, financial, and professional challenges. &nbsp,

Jack Tan Qi Jie, worldwide vice president – Sales, Assets &amp, Marketing of Solarvest, highlighted the strategic value of the collaboration:” This collaboration between EVM, Solarvest and PECC2 is more than a collaboration—it’s a proper alignment of expertise and shared values. We are working together to achieve both economic viability and operational efficiency as we address one of the most pressing issues facing today’s organizations. Solarvest brings years of experience in clean electricity growth, with over 1, 300MW of renewable energy projects across Asia-Pacific. We are developing customized solutions that enable businesses to achieve their sustainability goals without sacrificing profitability by combining our confirmed economic models with PECC2’s technical expertise and EVM’s innovative drive. We are excited to be a part of this development as a pioneer and see that The DPPA via National Grid represents an important step in Vietnam’s power change and that it will change its energy sector, policies, and power system operations toward NET ZERO.

Continue reading at https ://oursustainabilitymatters.com/evm-solarvest-and-pecc2-partner-to-boost-renewable-energy-in-vietnam/&nbsp, for the full article as DNA is transitioning our sustainability coverage to a standalone news site.

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SC launches SARANA to widen financing options for MSMEs and small contractors

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  • P2P websites have raised US$ 1.78 billion as of 30 September 2024
  • Offers two key financing options: billing funding &amp, pre-financing

SC launches SARANA to widen financing options for MSMEs and small contractors

SARANA, an alternative financing option offered by nine SC-registered peer-to-peer ( P2P ) financing platform operators under the government e-procurement system, has been made available by the Securities Commission Malaysia (SC ). Effective immediately, SARANA aims to address the working capital needs of micro, small and medium enterprises ( MSMEs ) and small contractors involved in government contracts for supplies, services, or works.

The program offers two primary financing options:

  • Billing financing: To support cash flow after deal supply.
  • Pre-financing: To give original working capital before task execution.

Participating P2P program providers include:

  • Bay Smart Capital Ventures Sdn Bhd
  • B2B Finpal Sdn Bhd
  • Capsphere Services Sdn Bhd
  • Crowd Sense Sdn Bhd*
  • P2P Nusa Kapital Sdn Bhd*
  • FBM Crowdtech Sdn Bhd
  • MicroLEAP PLT*
  • Modalku Ventures Sdn Bhd
  • Moneysave ( M ) Sdn Bhd*

( *Offers Shariah-compliant financing )

Supported by the government, as outlined in Budget 2025, SARANA offers an alternative to conventional financing, helping companies bridge crucial funding gaps. This initiative aligns with the SC’s Catalysing MSME and MTC Access to the Capital Market: 5-Year Roadmap ( 2024–2028 ), enabling greater access to capital markets via&nbsp, P2P platforms.

Since the SC introduced the P2P regulatory framework in 2016, these platforms have raised US$ 1.78 billion ( RM7.9 billion ) as of 30 September 2024, playing a crucial role in supporting locally incorporated businesses.

For more details on SARANA, explore www. sc.com. my/sarana

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DNB, Edotco enhance passenger experience with indoor 5G coverage in KLIA and KLIA2

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  • DNB has 5G IBS at 73 locations, including airports and government houses
  • As of Jan 2025, Edotco installed 52 in-building options, 9 outside wires at KLIA

From left, Gayan Koralage, director of Malaysia Business and Adlan Tajudin, Group CEO of Edotco; VijayKumar Dayinde, chief information officer of MalaysiaAirports; Azman Ismail, CEO and Ken Tan, chief technology officer of DNB

Digital Nasional Berhad ( DNB), Malaysia’s 5G network provider, and Edotco Group, the national digital infrastructure provider, have completed the installation of 5G in-building solutions ( IBS ) at Kuala Lumpur International Airport (KLIA ) and KLIA2. As Malaysia begins its Asian presidency this year, this achievement improves connectivity and the online experience for travelers.

The setup, completed in just two weeks, was activated at a transfer service involving Edm, Edotco Group, and Malaysia Airports Holdings Berhad.

DNB CEO Azman Ismail highlighted the company’s responsibility to expanding 5G network in corporate, industrial, and government services. In addition to the 5G outside sites that currently cover over 82 % of the country’s populated areas, DNB’s efforts to deliver better interior communication in high-footfall places include the 5G IBS deployments at KLIA and KLIA2.

Azman stated,” Through collaboration with mobile network operators ( MNOs ) and building owners, DNB’s key focus this year is to enhance 5G indoor coverage and connectivity. The assembly at KLIA and KLIA2 is a substantial milestone, with intentions to expand 5G IBS to another important spots”.

DNB has now installed 5G IBS at 73 locations, including airports, state features, and commercial properties such as Senai International Airport, Penang International Airport, Setia Spice Arena, KL Sentral, and various facilities and industrial change facilities. The business is Malaysia Airports ‘ chosen companion for the deployment of telecommunications infrastructure in the KLIA region as well.

As of January 2025, Edotco has delivered 52 in-building communication options to KLIA Terminal 1 and Terminal 2, along with nine outside 5G wires, enhancing detailed communication throughout the area.

Adlan Tajudin, party CEO of Edotco, said,” Our commitment to providing modern, green system coincides with Malaysia’s perspective of becoming a digital gateway. The activation of 5G IBS at KLIA and KLIA2 is a significant step forward, paving the way for seamless, reliable connectivity that supports economic growth and enhances user experiences”.

Vijay Kumar Dayinde, chief information officer of Malaysia Airports, added,” The integration of 5G infrastructure in KLIA is a transformative upgrade, leveraging 5G’s speed, low latency, and high data capacity. This supports IoT devices, smart sensors, and advanced digital solutions, enabling us to meet evolving demands while prioritising efficiency, satisfaction, and resilience”.

The use of 5G IBS improves connectivity in public and commercial spaces, enabling new 5G use cases for operational efficiency and better customer experiences. At the handover ceremony, examples included an autonomous buggy by local developer eMooVit and CelcomDigi’s 5G-AI-powered last-mile delivery robot, designed to optimise logistics, reduce costs, and promote sustainability through lower carbon emissions.

This milestone supports the government’s vision of transforming Malaysia into a digital hub, enhancing connectivity for visitors, and aligning with the nation’s role as Asean chair in 2025.

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NetApp appoints Kenneth Poh as country manager for Singapore and the Philippines

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  • Does lead NetApp’s businesses &amp, go-to-market strategy&nbsp,
  • Over 20 times of IT expertise with experience in store, AI &amp, large data

NetApp appoints Kenneth Poh as country manager for Singapore and the Philippines

NetApp®, the intelligent data infrastructure company, has appointed industry veteran Kenneth Poh ( pic ) as country manager for Singapore and the Philippines. Poh will be in charge of operations and go-to-market plans, with an emphasis on fostering business expansion and increasing companion and customer relationships in both markets.

As AI increasingly integrates into daily life, nearly half ( 49 % ) of technology executives in Singapore prioritise investment in data management and infrastructure, according to NetApp’s 2024 Data Complexity Report released in December.

But, long-term victory in AI requires organisations to tackle important challenges, including data difficulty, security, and conservation, with greater commitment and resources.

” I am delighted to welcome Poh to NetApp. His remarkable track record of guiding businesses and helping organizations harness the power of information makes him the ideal leader to unlock the full potential of our customers. With his command, I am confident we can scale our activities and reach our progress ambitions in Southeast Asia”, said Henry Kho, place vice president and general director for Greater China, ASEAN, and Korea, NetApp.

” It is a pleasure to meet NetApp, a consistent president in the data backup industry”, said Poh. With the introduction of Singapore’s National AI Strategy 2.0 and the Philippines ‘ National AI Roadmap, the location is at a new chapter in its development. Leveraging NetApp’s 30 years of technology and knowledge, I look forward to helping companies become more innovative and tenacious in today’s age of data and knowledge”.

Poh brings over 20 years of IT industry practice, specialising in store, AI, and great information. Prior to joining NetApp, he spent time at Dell Technologies as city director for the public and corporate segments, where he oversaw a strong sales team and encouraged business expansion. Poh has even held management roles at foreign IT companies, including Dell EMC, Oracle, HP, and Sun Microsystems.

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LoopMe continues to invest in its APAC operation following sustained growth

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  • chooses past MiQ SEA managing chairman to lead APAC.
  • Tasked with driving progress across APAC, focusing on Australia, SEA &amp, China

LoopMe continues to invest in its APAC operation following sustained growth

LoopMe, a leading technology company using artificial intelligence ( AI ) to enhance brand advertising performance, has announced continued expansion of its APAC operations. The business achieved a fully organic gross revenue CAGR of 40 % between 2018 and 2024 and, together with Chartboost, has now generated more than US$ 2 billion ( RM8.9 billion ) in gross revenue.

Entering a new phase of development, LoopMe is opening a local business, recruiting ability to help its development plans, and pursuing acquisitions to strengthen its position for 2025, the organization said in a declaration.

To support its APAC ambitions, James Parker ( pic ) has been appointed as the new head of APAC. Based in Singapore, Parker, previously managing director of Southeast Asia at MiQ, will generate business progress across APAC, with a emphasis on Australia, Southeast Asia, and the Greater China Region.

With a new business in Melbourne, LoopMe has likewise expanded its footprint in Australia. HS Shin has been appointed top sales manager, taking the opportunity to expand its customer base in Victoria and beyond. Also, the Sydney business has been strengthened with the appointment of Alicia Placer as revenue manager, who will concentrate on fostering growth with separate agencies and company holding groups.

This funding follows LoopMe’s subsequent acquisition of Chartboost, a mobile marketing and crowdfunding system. The merger brings ashore a group of mobile apps experts and cutting-edge systems, further solidifying LoopMe’s existence in the mobile application and gambling markets. By tapping into cellular in-app as a vital growth area for model marketing, the deal opens up new online opportunities.

The acquisition complements LoopMe’s Audience and Measurement platform ( AMP), launched last year after several years of development. AMP enables advertisers to build customized viewers using survey data, range them using LoopMe’s AI capabilities, and use assessment tools to monitor progressive company growth and conversions for campaigns of any length. In APAC, AMP is anticipated to increase development, with an emphasis on strengthening product integrations with regional company partners.

” 2024 has been important for our company, marking a new book in our development”, said Stephen Upstone, CEO and founder of LoopMe. ” Building on seven years of consistent healthy growth, we’ve seized a powerful M&amp, A chance to expand our development. Our development plans are largely based on APAC, and we believe there is a lot of potential for expanding regional growth opportunities.

” With Parker taking over as head of APAC, we are assured that our business in this region will continue to grow successfully. We enthusiastically welcome Parker, Shin, and Placer to the LoopMe team”.

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EdgePoint, Sunway deploy Malaysia’s first indoor 5G network in a commercial building at Sunway Pyramid Mall

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  • Deployed Active In-Building solutions to improve 4G and help 5G
  • In 2025, 5G protection may increase throughout the store for smooth connection

Sunway Pyramid Mall

EdgePoint Towers Sdn Bhd, piece of EdgePoint Infrastructure, a leading Asean-based separate telecommunications infrastructure firm, in partnership with the Sunway Group, has deployed Malaysia’s initially domestic 5G network in a business building. This future-ready in-building coverage solution ( IBC ) is an extension of Sunway’s telecommunications infrastructure upgrade to enhance connectivity in prime commercial areas in Sunway City, Kuala Lumpur, including Sunway Pyramid Mall & Protocol Centre and Sunway Medical Centre.

As part of the collaboration, EdgePoint deployed Active In-Building Solutions to complement the existing Passive Distributed Antenna System ( DAS ), improving 4G coverage and introducing high-speed 5G connectivity. The original test includes 5G-enabled wifi protection in high-traffic places such as food and beverage stores, restaurants, and cafés. Programs for the year include expanding 5G coverage throughout the store to give faster, smooth connectivity for guests and businesses.EdgePoint, Sunway deploy Malaysia’s first indoor 5G network in a commercial building at Sunway Pyramid Mall

Muniff Kamaruddin ( pic ), CEO of EdgePoint Towers, said, “EdgePoint has enjoyed a mutually beneficial relationship with the Sunway Group, and this collaboration to upgrade Sunway Group’s buildings with 5G-ready technology is a natural next step for us. We hope the success of this action will serve as an effective 5G alternative apply case for different large, multi-purpose commercial businesses major about enhancing communication, user experiences, and productivity levels. We look forward to continuing to pull 5G implementation throughout the Klang Valley. ”

Anandan Balakrishnan, CEO of Sunway Digital Wave Sdn Bhd, commented, “As one of Southeast Asia’s leading businesses, our goal is to build lasting settlements and populations by finding inventive ways to create stimulating, safe, and related conditions. Quick, trusted, and seamless communication is key to realising that perspective and enabling our plans to support organizations, clients, and residents within Sunway City. EdgePoint’s future-ready, customized in-building techniques and their operating preparation made them the perfect partner to accomplish our shared vision of creating a well-connected setting for people. ”

He added, “Our priority is to ensure that our customers enjoy all modern-day conveniences afforded by high-speed internet connectivity. Currently, users of Malaysia’s largest mobile network operator can experience seamless 5G connectivity, and by the year-end, all shoppers at Sunway Pyramid Mall will benefit from unlimited, ubiquitous 5G. Being the first commercial building to offer seamless indoor 5G connectivity is a proud milestone for this collaboration. ”

Muniff concluded, “We are glad to partner with industry leaders to deliver this national first. This collaboration reaffirms our commitment to supporting businesses and the nation in building one of the best-performing and most reliable 5G networks globally. From nationwide network coverage to deploying targeted 5G solutions tailored to one of Malaysia’s largest conglomerates, the Sunway Group, our efforts will continue. ”

EdgePoint Infrastructure is the fastest-growing multi-country tower company in Asean, with a portfolio of 15,600 sites, making it the second-largest tower company in Malaysia.

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DigiCert appoints new APAC group vice president

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  • Brings deep experience in selling command across APAC
  • Tasked to generate customer wedding, perform development plans

DigiCert appoints new APAC group vice president

DigiCert, a leading global provider of digital trust, has announced the appointment of James Cook ( pic ) as APAC group vice president. The new rent reflects DigiCert’s dedication to meeting the growing demand for digital confidence and endurance in this high-growth area.

Cook did lead his team in driving client wedding, building partnerships, and executing DigiCert’s development strategy as the world leader in digital confidence. His visit comes at a time when companies around the world are prioritising solutions that maintain secure communications, protect data, and foster endurance across an extremely sophisticated digital environment.

Cook brings strong skills in sales management across the APAC place, having served as vice president of Sales for APAC at Entrust and as local sales director for Australia and New Zealand. Before Entrust, Cook spent more than a decade at Thales eSecurity, where he held numerous management functions across the UK and India.

“ What excites me most about DigiCert is the opportunity to be part of a company that is uniquely positioned to address the accelerating demand for digital trust, ” said Cook. “Organisations in APAC are facing increasing challenges around cybersecurity and modern change, and DigiCert’s solutions for PKI, classical eagerness, and modern respect make it a great day to be a part of the business ’s vision. ”

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Qlik appoints Maurizio Garavello as senior vice president, Asia Pacific & Japan 

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  • Achieves Geoff Thomas, who is retiring after almost six times in the position
  • Brings 20 years ‘ experience in sales, channel management & businesses

Qlik appoints Maurizio Garavello as senior vice president, Asia Pacific & Japan 

Qlik®, a global leader in data integration, data quality, analytics, and AI, has announced the appointment of Maurizio “Maury ” Garavello ( pic )  as senior vice president for Asia Pacific and Japan ( APJ). Reporting immediately to Casey George, executive vice president for global revenue, Garavello did lead Qlik’s operations in the APJ area, focusing on driving progress, strengthening customer relationships, and advancing the deployment of AI-powered solutions.

With considerable knowledge in scaling companies, Garavello may play a vital role in enabling Qlik to capitalise on the growing need for AI-driven technology across APJ.

The Asia Pacific and Japan area is a powerful and strategically important industry where businesses are adopting AI at an extraordinary pace to change operations and get a competitive edge. Qlik’s solutions provide the necessary data inclusion and analytics foundations to assist organisations funnel AI’s ability and deliver quantifiable business value.

Garavello will handle Qlik’s profits and go-to-market techniques in APJ, focusing on fostering solid customer and partner communities while ensuring sustainable development. He succeeds Geoff Thomas, who is retiring after nearly six years in the role. Garavello’s leadership experience with high-performance, cross-regional teams positions him to unlock the region’s potential and further Qlik’s mission of helping organisations leverage data for tangible results.

Garavello brings over 20 years of experience in sales, channel management, and commercial operations. At Eptura, he scaled the APJ business and strengthened enterprise relationships. As vice president for APJ at Dynatrace, he significantly expanded the company ’s regional footprint. Beginning his career at IBM, he combines technical expertise with strategic business insight.

“We are delighted to welcome Maurizio Garavello to lead Qlik’s efforts in APJ, ” said George. “Garavello’s proven ability to scale businesses and his deep understanding of the APJ market make him the ideal leader to drive Qlik’s growth. His leadership will strengthen our presence and help organisations in the region unlock transformative business value through AI and analytics. ”

“I’m excited to join Qlik and support businesses in APJ in leveraging AI to achieve measurable success, ” Garavello said. “Qlik’s solutions are uniquely positioned to deliver real business outcomes, and I look forward to contributing to the company ’s continued growth in this important market. ”

Garavello’s appointment underscores Qlik’s commitment to empowering organisations in APJ to thrive in a competitive, AI-driven landscape. His leadership reinforces the company ’s focus on delivering tailored, transformative solutions for the region’s unique opportunities.

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Boost records strong growth in 2024, sets sight on becoming a regional digital banking group  

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  • Raise achieved a GTV of over US$ 1. 2 billion in 2024
  • Boost Bank secured over US$ 157M in payments within 6 months of its launch 

Boost's senior leadership highlights key milestones and upcoming plans during the Boost Year in Review 2024 media event

Boost, a leading provincial finance person, closed 2024 on a high word, achieving major milestones that cement its position as a transformational leader in the modern economic landscape. With a strong focus on innovation, convenience, and economic participation, the business has continued to evolve its choices, creating a seamless habitat that inspires individuals and small businesses everywhere.

Looking to the future, Boost highlights its passion to transition into a local online banking group, aiming to design the next frontier of online banking and financial services in Southeast Asia.

Riding the speed of a flourishing digital business

According to the e-Conomy SEA 2024 report, Southeast Asia’s digital financial services ( DFS ) sector is expected to generate US$ 33 billion ( RM146. 8 billion ) in income, driven by popular adoption of QR bills and online banking. Boost has capitalised on this growth, with Boost Bank securing over US$ 157 million ( RM700 million ) in deposits within six months of its launch and Boost PayFlex disbursing more than US$ 54 million ( RM240 million ) since its introduction.

[RM1 = US$ 0. 224]

These successes reflect Boost’s ability to deliver impressive financial options that resonate with consumers. Demonstrating its robust performance, the company recorded a Gross Transaction Value ( GTV ) exceeding RM5. 6 billion for the year.

Sheyantha Abeykoon, party CEO of Boost, said: “2024 was a landmark year for Boost, solidifying our position as a leading finance person with an expanded set of companies, including banks items. Our growth reflects the trust our users and partners have placed in us and the increasing demand for innovative digital financial solutions. ”

“With our expanding services, including lending, payment gateway offerings, deposits, and investment products via embedded finance, we are uniquely positioned to drive meaningful impact for small businesses and consumers. As Southeast Asia’s digital economy thrives, Boost remains committed to delivering accessible and transformative financial solutions,” he added.

Pioneering digital banking and embedded finance solutions

In June 2024, Boost Bank, Malaysia’s first homegrown digital bank, launched with the mission of revolutionising financial access for underserved and unbanked communities. With features like RM1 account openings, competitive daily interest rates, and Savings Jars, the bank has gained significant traction, empowering users to better manage their finances. Seamless onboarding has made Boost Bank a leader in embedded banking, with 80 % of its users coming through the Boost app.

Strategic partnerships with major players, including MYDIN, CKS Retail, Servay, Bataras, Farley, and CelcomDigi, have contributed to the bank’s success, with these collaborations accounting for 40 % of overall deposits since launch.

Fozia Amanulla, CEO of Boost Bank, remarked: “The launch of Boost Bank is a significant milestone, not just for us but for Malaysia. It’s about more than deposits; it ’s about creating a platform that empowers individuals and businesses to thrive. ”

She added: “Our strategic partnerships have been key to reaching underserved communities and empowering them to bank digitally. Through innovative digital banking solutions, we aim to unlock greater economic opportunities nationwide, ensuring no one is left behind. ”

Empowering businesses and consumers through lending and seamless transactions

Boost continues to drive financial inclusion across Southeast Asia, offering innovative solutions for businesses and consumers. Its lending portfolio has surpassed RM5 billion in loans disbursed to thousands of micro, small, and medium enterprises ( MSMEs ) in Malaysia and Indonesia, helping them bridge funding gaps and achieve sustainable growth.

Boost PayFlex, a Shariah-compliant Buy Now, Pay Later ( BNPL) product, has onboarded over 121,000 customers and disbursed more than RM240 million since its launch. As Southeast Asia’s BNPL market is forecast to reach US$ 53. 2 billion by 2027, Boost PayFlex is well-positioned to capitalise on this trend, advancing financial inclusion while promoting responsible financing.  

Expanding regional presence: Indonesia and Cambodia

Boost is expanding its Southeast Asian footprint with tailored financial solutions for each market. In Indonesia, it has extended its strong support for MSMEs by venturing into consumer lending through strategic ecosystem partnerships. In Cambodia, Boost has partnered with Smart Axiata to introduce a consumer lending programme, leveraging Smart Axiata’s extensive network to address financial access gaps and empower underserved communities.  

These regional expansions align with projections that digital lending in Southeast Asia will continue to grow significantly through 2025, further driving economic growth and financial inclusion.

Looking ahead: Boost’s vision for 2025

With Southeast Asia’s digital financial services sector projected to grow at a compound annual rate of 31 % through 2025, Boost is poised to lead the next wave of innovation by integrating embedded banking solutions and making financial services more accessible and impactful.

Boost Bank is set to build upon its existing offerings and roll out new, financially inclusive products to be at the forefront of financial empowerment. This product expansion roadmap will include consumer loans as well as other innovative products to financially empower MSMEs. The company will expand its partnership ecosystem and prioritise serving underserved and unbanked populations. On the lending front, Boost PayFlex will strengthen its position in the BNPL segment by promoting responsible lending and enabling financial freedom for consumers.

By delivering innovative digital solutions tailored to real-world challenges, Boost aims to unlock lasting economic opportunities and cement its leadership in Southeast Asia’s financial landscape.

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