The financial technology company Boost has enabled overseas QR code payments for its e-wallet users through a new partnership with UnionPay International. The collaboration also allows for payments at merchants in China that accept Weixin Pay QR codes.

This integration expands the international usability of the Boost e-wallet by connecting its users to UnionPay’s global payment network. According to the company, this aligns with its strategy of providing integrated financial services for customers.

Pay Like a Local

Through this partnership, Boost users can now use their app to make payments in numerous countries, including Singapore, Thailand, and Korea, wherever UnionPay QR codes are accepted. This function removes the need for users to carry large amounts of foreign currency or download different payment applications when travelling.

The integration with Weixin Pay (known internationally as WeChat Pay) is particularly notable, as it allows Malaysian users to make QR payments directly within China’s widely used digital payment system.

The App Shows Foreign Exchange Rates in Real-Time

The cross-border payment function is integrated into the existing “Scan & Pay” feature in the Boost app and does not require a separate registration. Before a transaction is finalised, the application displays the real-time foreign exchange rate. The app also provides users with a transaction history and a breakdown of any fees.

The feature is connected to Boost’s other financial services, allowing users to top up their e-wallet from a Boost Bank savings account while overseas.

This Supports the Growing Demand for Seamless Digital Payments for Travellers

Leaders from the organisations involved have highlighted the shared goal of creating a more connected and convenient global payment system. Sheyantha Abeykoon, Group CEO of Boost, explained that the integration strengthens their mission to build a future where digital financial access is intuitive and empowering. He noted that users can now travel with confidence, knowing their financial tools offer the same reliability abroad as they do at home.

Similarly, Dr. Jian Jiangtao, the Managing Director of UnionPay International Southeast Asia, remarked that the collaboration supports the growing demand for frictionless digital payments for travellers. He emphasised UnionPay’s commitment to advancing cross-border payment interoperability through strategic partnerships like this one.

For Malaysian Travellers

The primary benefit is for Malaysians travelling abroad. The ability to use their familiar Boost app for payments removes the complexity of managing foreign currency and navigating different payment systems. It could offer a straightforward and convenient way to handle transactions in a growing number of countries.

• TAGS:
• Boost
• Boost QR
• CrossBorder Payments
• UnionPay
• Weixin Pay QR Code