GXBank Launches in Malaysia, the Country's 1st Digital Bank
Kuala Lumpur/ Venture/ Money

GXBank Launches in Malaysia, the Country's First Digital Bank

GX Bank Launches in Malaysia the Countrys 1st Digital Bank Photo by LinkedIn/GXBank

Malaysia has welcomed its first-ever digital banking platform, as Grab-led company GXBank has officially launched its services in the country.

In a LinkedIn post, the company unveiled that it is the first out of five digital license applicants to be given the go-ahead to operate by Bank Negara Malaysia and the Minister of Finance. Since its launch on Nov. 30, the bank has already hit 100,000 customers and is still growing in numbers.

To celebrate its launch, the bank is offering RM20 cashback to users depositing a minimum of RM100 from today until Jan. 7.

Users who sign up for a GX account via DuitNow will also receive RM8 instant cashback, while users who link their accounts to Grab will get up to RM29.40 worth of GrabUnlimited subscription cashback.

Aside from this, GXBank is also launching its own unlimited cashback card in January 2024, with which users can earn unlimited 1% cashback every time they pay with the GXBank debit card.

The GXBank app is available for download via Google Play and App Store. Download the app or visit its website to subscribe or learn more about its exciting offerings and features!

Get the latest curated content with The Beat Asia's newsletters. Sign up now for a weekly dose of the best stories, events, and deals delivered straight to your inbox. Don't miss out! Click here to subscribe.

This Week's Events In Kuala Lumpur View more

Sign up to receive updates on what's going on in the city. Don't miss out on exciting events, news, and more. Sign up today!

By submitting your email, you agree to our Terms and Privacy Notice
Thank you for subscribing! Click here if you were not redirected.