has announced to have received approval from the Ministry of Finance and Bank Negara Malaysia to commence operations, effective 1 September 2023. According to its press statement, the bank has successfully completed an operational readiness assessment and received its green light ahead of the April 2024 deadline set by BNM.
For those unfamiliar, GXBank is a subsidiary of GXS Bank Pte Ltd, the digital bank joint venture between Grab Holdings Limited, Singapore Telecommunications Ltd and a consortium of Malaysian investors, including the Kuok Group. It is the first ofthat have been given the green light for commencing operations in Malaysia.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GXBank receives approval from Bank Negara to commence operationsKUALA LUMPUR: The Grab-led digital bank, GX Bank Bhd (GXBank) has completed an operational readiness review and has been approved to commence operations effective Sept 1, 2023, by the Minster of Finance and Bank Negara Malaysia (BNM).
Source: staronline - 🏆 4. / 75 Read more »
How Grab is helping driver-partners to increase productivity and earningsKUALA LUMPUR, Sept 4 — Being the leading e-hailing service in Malaysia, more and more users are using Grab to commute around the city. However, this makes Grab driver-partners...
Source: malaymail - 🏆 1. / 86 Read more »
Mastercard, Grab launch programme to boost entrepreneurshipMastercard and Grab have launched the “Small Business, Big Dreams” regional programme to digitally upskill gig economy workers and small businesses in Indonesia, the Philippines, and Vietnam.
Source: DNewsAsia - 🏆 23. / 51 Read more »
Dr M calls parties led by non-Malays 'parti pendatang'MUAR: Former Prime Minister Tun Dr Mahathir Mohammed has described political parties led by non-Malays as 'parti pendatang' (migrant parties).
Source: staronline - 🏆 4. / 75 Read more »
Algiers claims jet skiers ‘refusal to comply’ led to security forces opening fireALGIERS, Sept 4 — Algeria said yesterday its security forces had opened fire this week after a group of jet skiers from Morocco ignored warning shots and refused to comply with...
Source: malaymail - 🏆 1. / 86 Read more »
Algiers claims jet skiers ‘refusal to comply’ which led to security forces opening fireALGIERS, Sept 4 — Algeria said yesterday its security forces had opened fire this week after a group of jet skiers from Morocco ignored warning shots and refused to comply with...
Source: malaymail - 🏆 1. / 86 Read more »