Prime Minister Dato’ Seri Anwar Ibrahim inaugurated GX Bank Berhad’s (GXBank) initiative, GX Untuk Semua, supporting Malaysia’s KL20 vision of becoming a top 20 global startup hub. The Grab-led digital bank aims to transform the digital banking and finance industry through a RM1.5 billion investment in Malaysia over the next five years, including the GX Untuk Semua initiative.
The event saw the attendance of YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade And Industry of Malaysia; YB Tuan Gobind Singh Deo, Minister of Digital; Datuk Zaiton Mohd. Hassan, Chairperson of GXBank; Anthony Tan, CEO, Co-Founder and Chairman, Grab; Pei-Si Lai, CEO, GXBank; board members, shareholders of GXBank, and senior management of Grab Malaysia.
GXBank’s Commitment Of Nurturing Startups
GX Untuk Semua focuses on nurturing local tech talent, developing core competencies, and introducing AI-based solutions for risk and fraud management, as well as personal and MSME lending solutions. The initiative aims to enhance financial access and provide sustainable solutions for the underserved, while promoting tech entrepreneurship and exploring tech-based solutions for digital finance needs.
GXBank previously launched initiatives like Impian GIGih, which provided bursaries to 1,200 recipients in Kelantan and Johor. This was latter followed by Impian Gigih Biasiswa, which aims to nurture local talents and further develop Malaysia’s tech industry. The GX Untuk Semua initiative, meanwhile, will leverage local talent and innovation to ensure inclusive participation in the digital economy.
“While we are excited to introduce GX Untuk Semua, it is more than a national aspiration or a tech hub to us. It also symbolises the many big and small financial dreams of every Malaysian we hope to help fulfil,” said Datuk Zaiton Binti Mohd Hassan, Chairperson of GXBank.
Since its debut in November 2023, GXBank has gained 100,000 users within two weeks and amassed over 750,000 customers by July 2024. Customers have set up more than 800,000 Savings Pockets and conducted over 13 million transactions via GX Card and QR code, reflecting the growing preference for digital banking services in Malaysia.
Pokdepinion: Good to see the commitment to help with Malaysia’s digital transformation.
