Brinks Indonesia’s Post

GX Bank Berhad, led by #Grab, has received approval from the Minister of Finance and Bank Negara Malaysia to commence operations ahead of the April 2024 deadline. The digital bank aims to use technology and innovation to serve the unserved and underserved, including micro and small-medium enterprises. Operations are set to begin on September 1, 2023. With over 95% Malaysian employees, #GXBank is dedicated to addressing the financial struggles of Malaysians and businesses. The bank plans to provide services through a mobile app and 24/7 customer support. The COVID-19 pandemic has significantly impacted household incomes in Malaysia, and GX Bank intends to empower local communities and businesses for financial resilience. Pei Si Lai, the CEO of GX Bank Berhad, emphasizes the collaboration with consortium partners, such as #KuokGroup, and other industry players to foster financial inclusion in Malaysia. The bank aspires to redefine banking and contribute to reshaping Malaysia's financial landscape by combining technology and finance expertise. #ANKPaymentSolutions https://lnkd.in/gHkhBmw5 https://lnkd.in/ggsAQwer https://lnkd.in/g-SjmX5g https://lnkd.in/gAzc5yqv

After reading abt the 100K signup of GXB, I felt a strong urge to support the Singapore Grab Digital Bank as I really looked forward to the "No Queue, No Branches, No Hassle" concept. Moreover, do everything thru mobile with the backup of 24/7 HUMAN Cust Support is something anyone would appreciated when help is needed. I tried to signup during the holiday break, but there's no more slot. I actually called (and it was about 11pm). I got thru the help line very quickly, and their helpline staff clarified a few questions as well as explained I could register on the waiting list. Good for Grab as I am sure most of us had bad experiences been on hold for a long duration or get stuck with a bot that leads no where. Anyway, I do look forward to signup with GXS even though I am probably not one of GXS target age group. I do hope in the near future Grab could leverage on the success of your SuperApp & scaling experience and build up a successful gamechanging Asean Fintech. There's hugh opportunites and population waiting for you ! ( 😄 BTW KPIs from my family => Dad: I am impressed with SoFi, Mom: enjoyed her local bank that offer upto 7% tier interest, Bum: loved the saving & flexibility of using YouTrip )

Exciting developments in Asia's digital banking landscape are reshaping the financial sector, and Eastnets stands at the forefront of this transformation in some of the regions already. As digital-first banks rise to address the needs of unbanked populations and meet evolving customer preferences, Eastnets plays a crucial role in enabling their success. From navigating regulatory challenges to fostering partnerships and driving financial inclusion, Eastnets' innovative solutions empower digital banks to offer secure, seamless, and inclusive banking experiences. With Eastnets as a trusted partner, digital banks across Asia are poised to revolutionize the way financial services are delivered, driving efficiency, growth, and socioeconomic empowerment in the region. #DigitalBanking #FinancialInnovation #Eastnets #AsiaFinance

Thanks Fintech News Singapore for the very detailed report on the digital banking landscape in Asia!

It's exciting to see the #APAC region embracing the RTGS.global #SettlementFabric solution. The region is forward looking and understands the critical importance of #PvP for wholesale #FX, the importance of #atomicsettlement and the ever increasing expectation of both corporate and retail customers of #immediatepayments Great to have #centralbanks and #commercialbanks drive forward adoption in the region solving for #settlementrisk and improved #crossborderpayments #infrastructure #crossborder #banking #mto

#payments : Regional Payment Connectivity Expansion to Include State Bank of Vietnam. State Bank of Vietnam (SBV), the central bank of Viet Nam, has officially joined the Regional Payment Connectivity (RPC) initiative. This recent development is an expansion of the Memorandum of Understanding on Cooperation in Regional Payment Connectivity (MOU RPC) that was initiated by the #centralbanks of Indonesia, Malaysia, Philippines, #Singapore, and Thailand at the sidelines of the #G20 Leaders’ Summit on 14 November 2022 in Bali. The RPC initiative was established to strengthen and enhance collaboration on payment connectivity through the development of faster, cheaper, more transparent, and more inclusive #crossborderpayments. The cooperation encompasses several modalities, including #QRcode and fast-payment based cross-border payments. The goal of the RPC is to make inter-country payments more seamless, convenient, and affordable, allowing individuals and businesses to conduct transactions across the #ASEAN region with ease.