GXBank is now inviting interested members of the public to register and participate in the beta testing of its soon-to-be-rolled-out digital bank app. This comes following its recent success in obtaining approval from the Ministry of Finance (MOF) and Bank Negara Malaysia (BNM) to commence operations in Malaysia.

“Hello, we’re currently BETA-testing our app to improve and refine the user experience before rolling out to the public. You can download our app and register to join the waitlist to open your GX Account. We’ll send you an invitation as soon as new slots are available!” GXBank shared in a notice on its website.

Some notable highlights about the GX Account include the fact that you’ll be able to enjoy a 3% p.a. daily interest rate on your savings, as well as utilise an automated feature called Saving Pockets that promotes goal-based saving. GXBank also noted that the process to open a GX Account is fairly straightforward, and will take only up to four minutes – or less. It further reassured that customers’ deposits of up to RM250,000 will be protected by the Perbadanan Insurans Deposit Malaysia (PIDM).

For context, GXBank – which is backed by a consortium consisting of Grab, Kuok Brothers Sdn Bhd, and SingTel – is the first of the five approved digital bank licence applicants in Malaysia to receive the green light to commence operations, ahead of the April 2024 deadline set by BNM. If you’re interested to join the waitlist, you can visit GXBank’s official website here to download the app (App Store link is live, with Google Play to come soon).

(Source: GXBank)

• TAGS:
• Bank Negara Malaysia
• BNM
• Digital Bank
• Digital Banking
• Digital Banking Licences
• Digital Banks
• Grab
• GXBank
• Kuok Brothers Sdn Bhd
• Ministry of Finance
• MOF
• Singtel