News & Reviews:   digital bank

What is a digital bank and how does it differ from regular ones? Read on for some details on what you need to know about digital banks.

Many are already familiar with the Boost digital wallet, which was very popular once upon a time. Now, in addition to the digital wallet, the party behind it also started its own digital bank, called Boost Bank. This makes Boost Bank the third digital bank in Malaysia after GXBank and AEON Bank.

AEON launched AEON Bank (M) Berhad, the first Shariah-compliant digital bank in Malaysia that offers various personal digital banking services and various benefits for AEON customers. Accordingly. you can now download the digital bank application on the Apple App Store or Google Play Store.

The e-banking scene in Malaysia is about to get more interesting. Today, GX Bank Berhad officially launched its app, the GXBank app. That said, what should you know about it?

Digital banking is something Malaysia is looking into and many companies are hoping to get the licence to operate one in Malaysia. Thus far, the companies that are interested seem to include Grab, Razer, AirAsia, Axiata, CIMB, Ant Financial, and possibly Maybank.