Digital banks log in to Malaysia

Traditional banks have also entered the digital sphere, making it harder for pure online banks to stand out. - IZZRAFIQ ALIAS / The Star

MALAYSIA’S digital banking industry is shaping up with two new players getting approval to start operating.

Boost-RHB Digital Bank as well as Aeon Credit Service (M) Bhd’s AEON Bank Bhd will join Grab-led GXBank, which started operating in the fourth quarter of last year. Two more are expected to enter the fray soon.