GXBank has marked its second anniversary by announcing significant strides in enhancing financial resilience for over one million Malaysians. The digital bank reported that its customers collectively earned $5.1m (RM24m) in interest over the past year. Additionally, GXBank has supported micro, small, and medium enterprises (MSMEs) by disbursing $5.3m (RM25m) in loans, with account openings and loan applications now streamlined to take as little as eight minutes.
The bank’s FlexiCredit service has proven to be a crucial safety net, with 63% of drawdowns used for unexpected emergencies such as medical bills. This highlights GXBank’s role in serving financially underserved communities in Malaysia. The bank’s efforts underscore the tangible benefits that digital banking can offer, providing a compelling local narrative of its impact.
As GXBank continues to innovate and expand its services, it remains committed to building financial resilience among Malaysians, demonstrating the potential of digital banking to transform financial landscapes.
