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MYDIN Partners with Boost Bank to Offer Enhanced Savings and Benefits

MYDIN, a local wholesaler and retailer, has announced an exclusive partnership with Boost Bank to provide significant savings and special privileges.

These benefits are available to customers who sign up for the Boost Bank app and use it for their purchases at MYDIN stores.

The partnership offers several benefits for customers. Those who open a Boost Bank account and deposit a minimum of RM2,000 into the Savings Jars will receive preferential daily interest rates of up to 4% per annum, with returns paid out weekly.

Additionally, they must spend at least RM50 per month via the Boost eWallet app at any MYDIN outlet from 13 June to 30 September 2024.

These customers will automatically achieve Platinum President status on both the Boost Bank app and Boost eWallet app.

To qualify, they must link their Boost Bank account to their Boost app before making transactions.

Additionally, MYDIN customers who open a Boost Bank account will receive RM10 cashback through Partner Wallets on the Boost app by using the promo code “BOOSTMYDIN”. The cashback is available on a first-come, first-served basis.

Boost Bank, launched last week as the third digital bank in Malaysia, aims to integrate financial services into the daily lives of Malaysians, including those without existing bank accounts.

Datuk Wira (Dr) Haji Ameer Ali Mydin

Datuk Wira (Dr) Haji Ameer Ali Mydin

Datuk Wira (Dr) Haji Ameer Ali Mydin, Managing Director of MYDIN said,

“Interestingly with this partnership, our customers using Boost Bank can now enjoy exclusive savings while shopping at our outlets. Promotions include essential items such as sugar (normal price: RM2.85), flour (normal price: RM2.80), MyRasa sardines (RM5.50), and Gardenia bread (RM4.00), selling at RM2.00 each item starting today until June 23, 2024.


We also encourage digital payment to ease and expedite the payment process at our checkout counters. Our customers can simultaneously benefit from the savings and privileges offered by Boost Bank.”

Fozia Amanulla

Fozia Amanulla

Fozia Amanulla, Chief Executive Officer of Boost Bank, added,

“Our partnership with MYDIN underscores Boost Bank’s mission to foster financial inclusion and simplify banking for all Malaysians. Through the Boost Bank app, MYDIN customers will enjoy increased savings and exclusive perks, such as higher interest rates via our Boost Bank Savings Jars.


This collaboration is also made possible through PayNet’s DuitNow online banking, which enables seamless online transfer experience into the Boost Bank account. Additionally, with Boost Bank’s upcoming and much-anticipated Debit Card, powered by PayNet’s MyDebit scheme, customers can look forward to more convenient and secure access to their digital bank funds.” – FINTECH NEWS MALAYSIA

BacalahMalaysia Team

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