GXBank, a subsidiary of GXS Bank and the digital bank joint venture between Grab and Singtel, has received the approval to commence operations from the Minister of Finance and Bank Negara Malaysia (BNM) ahead of the April 2024 deadline set by BNM for the approval of digital brank licenses. GXBank is
GXBank has become the first digibank to get an approval to commence operations in the country, while Ant Group has launched Alipay+ in the Philippines.
Grab-led digital bank GXBank announced that it has received approval from the Minister of Finance and Bank Negara Malaysia (BNM) to commence operations,