GX Bank, the first digital bank in Malaysia developed by Grab, has now announced that they have reached over 500,000 users in less than a year since it was launched.
GX Bank is a conventional digital bank, and was introduced on November 30, 2023, and reached around 100,000 users within two weeks of its launch. GXBank also offers physical debit cards, as well as comes with some exclusive promotions under their platform.
Today, three digital banks have been launched in Malaysia, two of which are conventional digital banks, namely GXBank and Boost Bank. While the other is an Islamic digital bank, by AEON Bank.
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