Grab-backed GXBank to expand reach via customised solutions


Lai says as improvements are made to the GXBank app, the company will be incorporating motivational initiatives to keep the savings practice going.

MALAYSIA’S first digital bank GX Bank Bhd (GXBank) is looking to disrupt the local banking industry with customised innovative solutions, tilting its focus towards the underserved community as well as small and medium enterprises (SMEs).

The bank, backed by Singapore ride-hailing unicorn Grab Holdings Inc, says among its immediate targets are to empower Malaysians to be financially resilient and support their financial goals, while growing on Grab’s legacy of economic inclusion.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

   

Next In Business News

Oil notches weekly gain ahead of Opec+ decision
Upward trend for office space
Potential in water–infrastructure players
Green vision dilemma
Labour shortage issue over for Sime Darby Plantation
Black Friday shoppers go second-hand in UK
Banks to continue backing ESG-compliant companies
Scientex eyes sustainable growth
TNB’s revenue grows on higher power demand
Sentiment and spending habits

Others Also Read