A few weeks ago we reported that GXBank, the first digital bank developed by the technology company Grab, has started to be tested by 20 thousand users. Today, we find that the bank's application can already be downloaded by more people, and more testers can open an account with the digital bank.
You only need to go to the Apple App Store or Google Play Store to download the GXBank application and then go through a small registration process where they will ask you to enter personal details such as your full name, email address and even your ID card photo to complete the account registration process your digital bank.
In my attempt to register this GXBank bank account, I only had to wait a few minutes for GXBank to confirm my IC details, and my registration was complete just like that.
It should also be noted that GXBank will ask you to verify your email account as well, and you only need to enter the code number that will be sent to your email address when you press the confirmation button.
To put money into this digital bank account, you just need to send money from your existing bank account, or use the DuitNow service and you can use your phone number or MyKad to link your bank account number to the money sending service.
GXBank also comes up with the Saving Pockets wallet service that allows you to save money with an income of 3.0 percent per year and allows you to save this money for various purposes such as vehicle purchase, vacation money, emergency money, house purchase and so on.
However, GXBank has confirmed that this deposit is not Shariah compliant because the license given to them does not support Shariah deposit.
For those of you who are interested, you can download the GXBank application on iPhone or Android today, and try it.
Update: We were informed by GXBank who said that the GXBank application is still in the beta testing phase, and the increase in the number of users is to open it up to more testers of this digital bank application.