Boost Bank recently entered into a partnership with Parkson Credit, the latter being a venture group owned by the Parkson Retail Group. Through the partnership, Parkson Credit is hoping to leverage its partner’s digital banking infrastructure to deliver more frictionless, customer-centric solutions.
“As Parkson Credit continues to evolve, our ambition is to make financial services far more accessible to everyday Malaysians. This strategic alliance with Boost Bank marks an important step in that journey, combining our consumer financing expertise with digital banking innovation to better meet the evolving financial needs of our customers,” Danny Poh, Chief Executive Officer of Parkson Credit, said. “By leveraging our complementary strengths, we are confident this partnership will create a more seamless and efficient financing ecosystem, enabling us to serve underserved communities more effectively while accelerating our growth across broader market segments.”
Boost has been on something of a collaboration and partnership spree of late. Just this March, the digital financial institution partnered up with Great Eastern General Insurance.
Here’s the breakdown of that partnership: from as low as RM15, customers will be able to enjoy travel protection of up to RM250,000, via the TravelProtect plan. A second plan, CoreProtect PA, offers personal accident coverage, including accidental death and permanent disablement benefits of up to RM50,000, all for an annual fee of RM25.
There’s a third plan involved: CommuteProtect. It charges the same annual fee as CoreProtect PA, provides personal accident coverage of up to RM25,000 while commuting.
(Source: Boost Bank PR, Fintechnews)
