GXBank Launches Business Banking To Support MSMEs With Flexible Financing

Samuel Chua

19th September 2025 - 2 min read

GX Bank Berhad (GXBank) has introduced a new business banking platform together with its Jaguh Niaga Programme, designed to help Malaysia’s micro, small, and medium enterprises (MSMEs) access financing and digital tools more easily.

A Digital-First Solution For Small Businesses

The fully digital GX Business Banking service is initially open to sole proprietors. It aims to simplify account opening, reduce paperwork, and provide savings on both operating accounts and loan repayments.

Key Features Of GX Business Banking

GX Business Banking consists of two core products:

The GX Biz Account can be opened in less than eight minutes through the mobile app, without physical documents. Account holders earn daily interest of 1% per annum, with an additional bonus interest of up to 1.5% for GXBank ecosystem partners. There are no monthly fees or minimum balance requirements, and customer support is available around the clock.

The GX Biz FlexiLoan offers financing of up to RM150,000, subject to eligibility and credit checks. Approvals can be processed in minutes, with no hidden charges. Interest is calculated daily on a reducing balance, which allows borrowers to save when they make early repayments.

Empowering 10,000 MSMEs With Jaguh Niaga

Alongside the new banking products, the Jaguh Niaga Programme targets 10,000 MSMEs, aiming to support their growth in a digital-first economy. In addition to financing, the programme provides access to business tools such as customer acquisition through the Grab platform, human resource management solutions, and digital payment systems. Partnerships with startups from GXBank’s TeXnovasi programme, including du-it, Swipey, and PulseLink, are also part of the initiative.

Supporting Malaysia’s Business Community

GXBank noted that the pilot phase with Grab merchant-partners showed strong demand for faster approvals and more flexibility. The bank said the feedback guided improvements to its credit assessment and fraud prevention processes, helping refine the new services before launch.

The bank also highlighted that MSMEs make up more than 95% of Malaysia’s economy, and said its Business Banking and Jaguh Niaga Programme are designed to ease financing barriers while providing digital tools to help entrepreneurs save time and manage costs.

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