Boost, the fintech arm of Axiata Group Berhad, announced on September 22, 2026 that it will work with Tencent Cloud on cloud infrastructure, artificial intelligence and super app development across Malaysia and Indonesia. The agreement makes a China-based cloud provider a core technology partner for one of Southeast Asia’s regional e-wallet and digital finance operators, and it comes as fintechs in the region move to offer more services on a single platform.
Key Facts At A Glance
- Boost and Tencent Cloud have signed a memorandum of understanding covering cloud infrastructure, AI and super app technology.
- The arrangement covers Boost’s operations in Malaysia and Indonesia.
- Tencent Cloud will supply Infrastructure-as-a-Service to Boost in both markets.
- Boost will adopt Tencent Cloud Super App as a Service to bring multiple financial services into a single application.
- The companies will collaborate on AI development, using both co-developed and existing Tencent Cloud tools.
- No financial terms were disclosed.
- Boost has run e-wallet and lending businesses in Malaysia and Indonesia since 2017.
Boost has tapped Tencent Cloud, the cloud computing division of Tencent, to strengthen its technology infrastructure across Malaysia and Indonesia. Tencent Cloud said in a statement on Tuesday that the two sides had signed a memorandum of understanding, without disclosing financial details.
Scope Of The Agreement
The agreement has three parts. First, Tencent Cloud will provide Infrastructure-as-a-Service capabilities to help Boost manage its cloud infrastructure and support future expansion. Second, Boost will use Tencent Cloud Super App as a Service to consolidate more financial services into a single digital platform for consumers and businesses. Third, the companies will work together on AI development, including co-developing products and using existing Tencent Cloud offerings.
Poshu Yeung, Senior Vice President of Tencent Cloud and Head of Tencent Cloud International, said the company aims to help Boost speed up innovation and improve customer experiences by combining cloud infrastructure, AI and super app technology.
Sheyantha Abeykoon, Group Chief Executive Officer of Boost, said the collaboration strengthens the company’s technology foundation while it explores AI-driven capabilities and super app services for consumers, merchants and enterprise customers across the region.
Company Background
Tencent Cloud was launched in 2013. Boost is the fintech arm of Malaysia’s Axiata Group and has operated an e-wallet and lending business in Malaysia and Indonesia since 2017. Its digital bank, Boost Bank, is a joint venture with Malaysia’s RHB.
Details Not Yet Disclosed
Public information on the agreement remains limited. Neither company has disclosed the financial value of the arrangement, a timeline for implementation, or which specific financial services will move onto the super app platform. Neither company has said whether the arrangement extends to Boost Bank.