Exclusive Interview With Malaysian CMO Award 2025 Winner, Diana Boo: Beyond The E-Wallet

by: Harvin Kaur

The fintech landscape is evolving rapidly, and with growing competition in digital payments, banking, and financial services, brands are being challenged to offer more than just convenience.

For Diana Boo, marketing is no longer simply about acquisition or promotional campaigns, but about building a brand that creates meaningful financial progress for its users.

As a winner at the CMO Malaysia Awards 2025, Diana has been instrumental in driving Boost’s transformation from an e-wallet into a regional fintech and digital banking player. Under her leadership, the brand has expanded beyond payments into broader financial solutions while maintaining a strong connection with underserved communities.

We interviewed Diana to understand how Boost has successfully repositioned itself, built trust in an increasingly crowded fintech market, and balanced mass adoption with deeper financial services usage.

Boost’s transformation from an e-wallet to a regional fintech leader has been a defining journey for the brand. One of the most pivotal milestones came in 2021 with the consolidation of Axiata Digital Financial Services’s portfolio under a single Boost brand.

This strategic move marked a major shift in how the company approached growth, brand identity, and customer engagement.

To support this repositioning, Boost reinforced its new identity across every touchpoint, from digital marketing and CRM to PR and communications.

This culminated in the 2022 Be Unstoppable rebranding exercise, which helped solidify Boost as a full-spectrum fintech player serving underserved individuals and businesses. Internally, the consolidation also allowed the organisation to centralise branding, marketing, and communications under a single marketing centre of excellence.

By bringing talent in-house, Boost was able to create stronger alignment across teams and improve execution efficiency as the business continued to scale.

The momentum continued in 2024 with the launch of Boost Bank, Malaysia’s first homegrown digital bank featuring embedded banking capabilities.

This milestone further strengthened Boost’s positioning as a fintech ecosystem player, enabling the brand to empower customers not only in their daily transactions but also in managing broader financial needs, whether as individuals or SMEs.

In a market where cashback and rewards campaigns are increasingly common, Boost has been intentional in how it approaches incentives. Rather than positioning rewards purely as transactional benefits, the brand reframed them as tools that encourage smarter financial habits and help users progress toward their financial goals.

This approach can be seen in campaigns such as Merdeka Kewangan, launched during Hari Merdeka 2025, where customers were rewarded with cashback, Boost Stars, and vouchers with every spend.




More recently, a Hari Raya campaign offered new Boost Bank customers an RM10 discount on baju Raya purchases at MYDIN. During periods of rising living costs, these campaigns were designed not only to reward spending but also to improve financial outcomes by nudging customers toward better money management and broader service adoption.

As Boost expands its financial capabilities, customer engagement has also deepened. The company has remained focused on ensuring innovation is anchored in genuine user needs.

Features such as BoostBills continue to receive strong customer feedback, helping users manage and pay bills seamlessly through the app while strengthening Boost’s relevance in everyday financial routines.

Trust also remains a critical priority, particularly among SMEs. To better serve this segment, Boost Bank introduced agentic AI into its SME financing journey, streamlining loan qualification processes and accelerating access to funding for small business owners.

This award-winning feature processed over RM1 million in financing within just three months of launch, reinforcing Boost’s commitment to expanding financial accessibility while strengthening its position as a trusted partner for business growth.

What continues to differentiate Boost is its strong connection with underserved communities. The brand takes a community-led approach to balancing mass adoption with deeper financial services usage, ensuring customers feel supported beyond transactions.

Through loyalty programmes and services tailored to real financial needs, Boost has cultivated stronger, longer-term relationships with users who value solutions aligned with their financial realities.

As Boost continues to evolve into a regional digital banking group, Diana remains focused on maintaining the brand’s trustworthiness while keeping customer needs at the centre of every initiative.

For her, success is ultimately about building a brand that goes beyond transactions to deliver meaningful financial progress for the underserved.

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