Boost Bank
Axiata's digital bank.
- Who holds it
- The company itself — it holds a full banking licence — Digital bank license (BNM); Axiata.
- The ledger
- The bank’s own core ledger.
- If it fails
- A covered-deposit payout through the local scheme, up to its limit.
Derived from Boost Bank’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional |
| HQ | Kuala Lumpur, MY |
| Founded | 2024 |
| Custody | Custodial |
| Regulation type | Licensed bank |
| License detail | Digital bank license (BNM); Axiata |
| Card | No card |
| Yield | Daily interest |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Asia |
Verified links: official site ↗
Common questions about Boost Bank
What is Boost Bank?
Boost Bank is a fiat neobank, headquartered in Kuala Lumpur, MY and founded in 2024. Your money is held custodially, so Boost Bank or its partner bank holds the balance and you hold a claim on it. It is regulated as a licensed bank (Digital bank license (BNM); Axiata).
Does Boost Bank have a card, and where can you use it?
It issues no card of its own. It is available in Asia.
Does Boost Bank require KYC?
Yes. Boost Bank requires identity verification (KYC) to open an account, as a licensed bank.
What does Boost Bank cost?
From the verified fields: yield Daily interest. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Boost Bank before relying on them.
Peers
Wise · KakaoBank · WeBank · bKash · Maya · GCash
Boost Bank appears in
Neobanks that hold their own banking license (132) · Neobanks available in Asia (132) · Neobanks with no card of their own (67)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.