GXBank launch in Malaysia / Photo credit: GXBank

After rolling out the beta version of its app earlier this month, Malaysia’s GXBank has officially launched to the general public and become the country’s first digital bank to operate.

GXBank offers a daily interest rate of 3% per annum for users who save in their main account or Pockets, the app’s savings goal feature. Customers can use Pockets to monitor progress and receive money-saving tips. GXBank CEO Pei Si Lai noted that almost 50% of its beta testers used Pockets.