Five Malaysian Banks With No Branches
Bank Negara handed out five digital banking licences. All five are now live โ and none of them has a single branch ๐ฒ๐พ
Bank Negara handed out five digital banking licences. All five are now live โ and none of them has a single branch ๐ฒ๐พ
Here is the full list, and what each name on it actually does.
GX Bank โ Licensed by Bank Negara. App-only, no branches.
Boost Bank โ Licensed by Bank Negara. App-only, no branches.
AEON Bank โ Licensed by Bank Negara. App-only, no branches.
KAF Digital Bank โ Licensed by Bank Negara. App-only, no branches.
Ryt Bank โ Licensed by Bank Negara. App-only, no branches.
Customers โ 2.4 million. All five combined, by end-2025.
Deposits โ RM4.2 billion. All five combined, by end-2025.
Branches โ Zero. Between all five of them.
Every entry above was checked against public reporting before publication. We publish these lists because the individual facts are easy to find but nobody puts them side by side, and the picture only shows up when you do. If we have missed someone who belongs here, tell us and we will add them.
About this piece
Original commentary written by Wonsen Newsroom. Opinion, not reporting โ and not financial or policy advice.
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