• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
A person is pointing at a finger on a computer screen while using the GXBank Beta App for digital banking.

GXBank Introduces Beta App: A Game Changer in Malaysia’s Digital Banking Landscape

11/14/2023
India and China Move to Rebuild Trade Ties Amid Tariff Pressures

India and China Move to Rebuild Trade Ties Amid Tariff Pressures

08/22/2025
YAZ Bilgi Sistemleri Nominated for the Prestigious Go Global Awards 2025

YAZ Bilgi Sistemleri Nominated for the Prestigious Go Global Awards 2025

08/22/2025
Intellection Software & Technologies Pvt. Ltd. Nominated for Go Global Awards 2025 in London

Intellection Software & Technologies Pvt. Ltd. Driving AI-Powered Innovation Across the Globe

08/22/2025
Intellection Software & Technologies Pvt. Ltd. Nominated for Go Global Awards 2025 in London

Intellection Software & Technologies Pvt. Ltd. Nominated for Go Global Awards 2025 in London

08/22/2025
The Great Trade Reboot Launched in New York: AI-Powered Future of Global Trade Unveiled

The Great Trade Reboot Launched in New York: AI-Powered Future of Global Trade Unveiled

08/22/2025
Asian Central Banks Move Toward Steeper Rate Cuts as Tariffs Weigh on Growth

Asian Central Banks Move Toward Steeper Rate Cuts as Tariffs Weigh on Growth

08/22/2025
U.S. to Maintain 27.5% Tariff on European Cars Until E.U. Acts on U.S. Exports

U.S. to Maintain 27.5% Tariff on European Cars Until E.U. Acts on U.S. Exports

08/22/2025
Trump backs down from 250% EU pharma tariff in deal

Trump backs down from 250% EU pharma tariff in deal

08/22/2025
U.S. and E.U. Trade Deal Caps Tariffs on Exports at 15%

U.S. and E.U. Trade Deal Caps Tariffs on Exports at 15%

08/22/2025
International Trade Council and National Black Chamber of Commerce Sign MOU and Jointly Launch Free Publication and ADAMftd Access to Empower Black-Owned SMEs

International Trade Council and National Black Chamber of Commerce Sign MOU and Jointly Launch Free Publication and ADAMftd Access to Empower Black-Owned SMEs

08/22/2025
PsychTests AIM Inc. Nominated for Go Global Awards 2025

AI-Driven Psychometrics from Canada’s PsychTests AIM Inc. Transform Global HR Practices

08/20/2025
PsychTests AIM Inc. Nominated for Go Global Awards 2025

PsychTests AIM Inc. Nominated for Go Global Awards 2025

08/20/2025
supplychainreport
Sunday, August 24, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

GXBank Introduces Beta App: A Game Changer in Malaysia’s Digital Banking Landscape

by Anne C
11/14/2023
in Compliance, Know Your Customer (KYC)

GX Bank Berhad (GXBank) is launching its beta app on November 14, 2023, marking a significant milestone after conducting successful testing phases among the bank’s employees and partners.

As the pioneering digital bank in Malaysia, GXBank emphasizes that its app boasts a user-friendly interface with robust safety features aimed at ensuring users’ trust and security. Every stage of app development aligns with regulatory standards and norms.

YOU MAY ALSO LIKE

Cura Resource Group Launches Free Global Tariff Search Tool

Dragon Gate Investment Partners Opens the Door to Global Trade Knowledge with Free Tariffs & Trade Rules Lookup

Fadrizul Hasani, Chief Technology Officer at GXBank, highlighted, “We amalgamated insights from our partners, their technology stack, and their profound understanding of their clientele to create a product catering to the needs of Malaysians. We’ve designed a convenient, seamless, and secure digital banking app compatible with the latest mobile operating systems. This inclusivity allows us to extend digital banking services to users across varying financial capacities and technological expertise.”

Features of the GXBank Beta App Users can create a GXBank Savings Account along with up to 10 “Pockets,” designated for distinct savings goals, encouraging a culture of saving for specific aspirations like retirement plans, upcoming holidays, or purchasing a new home. Funds deposited in “Pockets” accrue daily interest of up to 3% per annum. Users can track their savings progress and receive periodic guidance to expedite their savings objectives.

Furthermore, all deposits are secured by the Perbadanan Insurans Deposit Malaysia (PDIM), offering protection of up to RM250,000 ($53,000) per depositor.

Additional perks include a MYR20 cashback with a minimum deposit of MYR100, and a waiver on the MYR1 processing fee for ATM withdrawals.

Future Plans for GXBank: Expanding Financial Services Pei Si Lai, CEO of GXBank, conveyed that this launch signifies only the initial phase of a comprehensive array of financial services and products. Lai stated, “As we assess the app’s stability and gather user feedback, we aim to develop a digital banking experience tailored to the diverse financial needs of all generations in Malaysia. Being predominantly developed by Malaysians, we are uniquely positioned to devise financial solutions addressing the challenges faced by everyday Malaysians.”

Lai added, “We are a step closer to realizing our nation’s vision of a financially resilient society, where Malaysians have equitable access to financial products without the complexities of extensive paperwork or convoluted processes.”

Streamlined eKYC and Access Through Grab App GXBank promises users a streamlined eKYC (electronic Know Your Customer) process for hassle-free account setup. Existing Grab users can access the GXBank app directly through the Grab App.

Supported by Grab and Singtel Established on September 1, 2023, GXBank has assembled a workforce consisting of over 95% Malaysians from both finance and technology sectors. The bank aims to disrupt the conventional banking industry with innovative solutions empowering Malaysians to achieve financial resilience. This digital bank is a joint venture between Grab Holdings Limited, Singapore Telecommunications Limited (Singtel), and a consortium of Malaysian investors, including Kuok Group.

Get the latest supply chain report news insights at The Supply Chain Report. For international trade resources, visit ADAMftd.com.

#GXBank #GXBankBetaApp #DigitalBankingMalaysia #FinancialInnovation #eKYC #GrabAppIntegration #SingtelPartnership #SecureDigitalBanking #SavingsGoals #Cashback #FinancialResilience #TechInBanking #MalaysiaDigitalBank #BankingInnovation #FinancialInclusion #DigitalBankingRevolution

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.