Ryt Bank Becomes Malaysia’s Most Downloaded App

Samuel Chua

25th February 2026 - 3 min read

Ryt Bank says its mobile application is now the number one app in the finance category and the most downloaded app overall in Malaysia so far this month on both Apple’s App Store and Google Play.

The digital bank shared the update in a post on Instagram on Saturday, describing the ranking as a major milestone for the organisation and its user community.

Ryt Bank Leads Diverse Top 10 On Apple App Store

As of February 22, 2026, Ryt Bank sits at number one on the Apple App Store’s Top Free iPhone apps chart in Malaysia.

It leads a diverse top ten list that includes MyDigital ID at number two, followed by eCOSS at number three. MyKasih and Temu take the fourth and fifth spots respectively, while CelcomDigi and MyNIISe rank sixth and seventh.

Social media platform Threads is eighth, DramaBox is ninth, and ChatGPT rounds out the top ten at number ten.

The rankings show that Ryt Bank is competing not only with other finance apps, but also with government platforms, shopping apps, telecommunications services, entertainment platforms, and global technology brands.

Digital Bank Launched By YTL Group And SEA Ltd

Ryt Bank was launched in August 2023 by YTL Group and SEA Ltd, a technology company headquartered in Singapore. The bank has described itself as the world’s first artificial intelligence powered bank.

Since its launch, Ryt Bank has operated as a fully digital platform, delivering its banking services entirely through its mobile application rather than physical branches.

Savings Bonus Interest Extended Until June 2026

Most recently, Ryt Bank announced that it has extended its savings bonus interest campaign until the end of June 2026.

Under the current offer, customers can earn up to 4 per cent per annum, with interest calculated and paid daily. There is no lock in period, and customers can access their funds at any time.

Licensed By Bank Negara Malaysia

Ryt Bank operates under a digital banking licence issued by Bank Negara Malaysia.

Deposits placed with the bank are insured by Perbadanan Insurans Deposit Malaysia for up to RM250,000 per depositor, in line with existing deposit insurance limits in Malaysia.

Growing Competition In Malaysia’s Digital Banking Sector

Malaysia’s digital banking sector has expanded following the issuance of digital banking licences by Bank Negara Malaysia. New digital banks are competing with established banks, fintech platforms, and e-wallet providers for customer adoption.

Ryt Bank said the latest milestone belongs as much to its community as to the organisation, and pledged to continue improving its services.

Samuel Chua

Samuel writes about personal finance and financial news, focusing on how banking updates, policies, and promotions affect everyday money decisions. He enjoys making complicated financial topics easier to follow. Outside of writing, he spends his time watching TV shows and occasionally convincing himself he will only watch one episode.

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