GXBank ~ 1st Digital Bank in Malaysia
Boost Bank ~ 1st primarily Malaysian-owned Digital Bank
Boost Bank ~ 1st primarily Malaysian-owned Digital Bank
AEON Bank ~ 1st Islamic Digital Bank in Malaysia
Okok lah. Everyone is the 1st 🤣🤣🤣
AEON Credit Service (M) Berhad announced that its associated company - AEON Bank (M) Berhad has obtained approval from the Bank Negara Malaysia and the Minister of Finance to commence its digital banking operations in Malaysia.
This positions AEON Bank as the first Islamic digital bank in Malaysia.
The approval was granted pursuant to BNM’s validation of the Bank’s operational readiness. AEON Bank is also a subsidiary of AEON Financial Service Co., Ltd.
The approval was granted pursuant to BNM’s validation of the Bank’s operational readiness. AEON Bank is also a subsidiary of AEON Financial Service Co., Ltd.
“As part of one of Malaysia’s most recognised retail household brands, we aim to provide accessible, inclusive, and Shariah-compliant digital banking solutions to our AEON Group of customers as well as to all Malaysians,”
~ Raja Teh Maimunah, Chief Executive Officer of AEON Bank.
Financial Inclusion
AEON Credit is one of the leading non-bank financial institutions that has been promoting financial inclusion by providing access to financing to individuals who have traditionally not been able to access funding.
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| From left: Raja Teh Maimunah (Chief Executive Officer of AEON Bank) and Daisuke Maeda (Managing Director of AEON Credit) |
AEON Bank aims to further that commitment by extending financial services to both individuals and small businesses who would not have access to funding and other financial services.
In addition, AEON Bank will also prioritise financial literacy and education initiatives to empower individuals and small businesses with the knowledge and tools to make informed financial decisions.
Rollout Plan
Rollout Plan
AEON Bank plans for a phased rollout of its new App, beginning with an exclusive beta testing phase with the AEON Group of employees.
“As we prepare to introduce our App, we recognize the critical importance of gathering insights and feedback from users to refine and optimise the App."
"By initially offering access to a select group of beta testers, we aim to collaboratively finetune the App to ensure it meets the expectations of our wider user base upon full release,” explains Raja Teh Maimunah.
AEON Bank targets to unveil its phased rollout in the first half of 2024.
Excited? Watch this space for updates coming your way soon!
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