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GX Bank Berhad Marks Milestone with Official GXBank App Launch
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GX Bank Berhad Marks Milestone with Official GXBank App Launch

by Low Boon ShenNovember 30, 2023
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GX Bank Berhad Marks Milestone with Official GXBank App Launch

GX Bank Berhad Marks Milestone with Official GXBank App Launch

GX Bank Berhad has officially launched its app, marking a significant step in its journey to become Malaysia’s first digital bank. GXBank CEO, Pei Si Lai, highlighted the positive feedback from beta testers and the introduction of “Pockets,” a savings goal feature aligning with Malaysians’ desire to save more, as revealed in the RinggitPlus Malaysian Financial Literacy Survey 2023.

He said: “Since we commenced operations in September 2023, we have tested our app to thousands of beta testers, almost 50% have created “Pockets” – the app’s savings goal feature. Emergencies, holidays and investments are the top three reasons our customers are saving for. Following the months of testing amongst GXBank internal staff, shareholders, partners and selected Malaysians, we feel optimistic and encouraged to now expand to the rest of Malaysia.”

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GXBank chairperson, Datuk Zaiton Mohd Hassan, expressed gratitude to Bank Negara Malaysia for their support, emphasizing GXBank’s commitment to making banking seamless and inclusive. Moving forward, GXBank plans to roll out additional features, including the GX Card, as the “only physical manifestation that customers can proudly keep in their pockets”.

The GX Card, a collaboration with Mastercard, offers various rewards such as unlimited 1% cashback, zero markups on all foreign transactions, RM1 waiver on all MEPS ATM nationwide, and unique designs differentiating it in customers’ wallets.

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Licensed by Bank Negara Malaysia, GXBank ensures deposit protection up to RM250,000 per depositor, adhering to regulatory standards. The app encourages a saving habit with 3% p.a. daily interest in main accounts or “Pockets,” serving diverse saving purposes. Users can track their progress and receive tips through the app, contributing to company’s vision of building a “financially resilient and inclusive nation”.

Pokdepinion: The offers does look pretty enticing – anyone willing to give it a try?

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Low Boon Shen
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