Digital banks face trust challenges


CUSTOMERS of GX Bank Bhd (GXBank) who were attracted to its high deposit rates and cashbacks when the service launched in November 2023 learned the hard way that good things don’t last forever.

GXBank, the first bank to launch digital services, managed to get nearly one million customers within nine months.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

SoftBank's Son says AI will need US$5 trillion per year by 2040, dismisses bubble talk
REHDA calls for data-driven framework to stabilise housing market
Sin-Kung Logistics to explore collaboration with HK's airport authority
Banks, PETRONAS stocks push FBM KLCI past 1,700
Oil hits one-month high as US, Iran step up attacks in Strait of Hormuz
Ringgit opens higher vs dollar amid uncertainties in West Asia
FBM KLCI holds at 1,700 as oil supply fears cast cloud over global economy
Singapore Q2 GDP up 5.7% y-o-y, preliminary data shows, just above�expectations
Trading ideas: SimeProp, Milux, Maxland, Kim Teck, Velesto, Aneka, Perak, Vinvest, Tanco, Techna-X, AZRB, AirAsia, Bursa, PRG, KSL
Oil surges, stocks slip and bond yields rise as Gulf conflict flares up again

Others Also Read