Search Results for "RHB Bank"
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Boost Bank Launches Digital Banking App in Malaysia via Axiata-RHB Partnership
Boost Bank, a joint venture between Axiata Group's Boost and RHB Banking Group, launched its digital banking app in Malaysia targeting unbanked populations. The app offers savings accounts and loyalty services. The venture received its digital banking license from Bank Negara Malaysia in January 2024, and the product went live in June 2024.
Boost-RHB Digital Bank Receives Malaysian Regulatory Approval to Commence Operations
The Boost-RHB Digital Bank Consortium received regulatory approval from Bank Negara Malaysia and the Ministry of Finance to commence operations as a digital bank effective January 15, 2024. The consortium, now branded as Boost Bank by Axiata and RHB, became the first primarily Malaysian-owned digital bank. The approval came ahead of schedule after a review confirmed the consortium's operational readiness and focus on financial inclusion for underserved markets.