GX Bank Berhad (GXBank) has introduced GX Business Banking, the nation’s first fully digital banking solution designed exclusively for micro, small, and medium enterprises (MSMEs).
Launched alongside its flagship Jaguh Niaga Programme, the initiative aims to empower 10,000 Malaysian entrepreneurs with simplified access to financing, savings, and digital business tools.
GX Biz Account: Banking in 8 Minute
The GX Biz Account allows businesses to open a digital account in less than eight minutes via the GXBank app, without physical documents. Benefits include:
- Daily interest of 1% p.a. (plus up to 1.5% p.a. bonus interest for ecosystem partners)
- Zero monthly fees and no minimum balance
- 24/7 customer support
This makes managing business finances simple, transparent, and cost-efficient.
GX Biz FlexiLoan: Instant, Flexible Financing
The GX Biz FlexiLoan provides eligible MSMEs with up to RM150,000 in financing, with approvals in minutes. Features include:
- No hidden charges
- Flexible repayment terms of up to 3 years
- Daily rest reducing balance interest, allowing borrowers to save on interest with early repayments
This flexibility is designed to ease cash flow pressures while rewarding responsible financial management.
Jaguh Niaga Programme: Empowering 10,000 Entrepreneurs
In celebration of Hari Kebangsaan and Hari Malaysia, GXBank launched Jaguh Niaga, a national programme to support 10,000 MSMEs with inclusive financing and digital tools. Through strategic partnerships, businesses gain access to:
- Grab’s platform for customer base expansion
- HR and payroll management solutions
- Digital payment services via local startups like du-it, Swipey, and PulseLink
Prasanna Rao, Chief Commercial Officer (SME) at GXBank, said feedback from pilot merchants, particularly Grab partners, was overwhelmingly positive:
“They valued the speed of loan approvals and the savings on both deposits and loan repayments. Their insights helped us refine credit models, approval speed, and fraud prevention.”
Hildah Hamzah, Deputy CEO and COO of GXBank, added:
“With GX Business Banking and Jaguh Niaga, we’re investing in MSMEs that power over 95% of Malaysia’s economy. Banking shouldn’t be a barrier to growth — it should empower entrepreneurs to become champions of their trade.”
Real Entrepreneur Impact
For Naim Zahrul, owner of Smashey’s Gourmet, GX Business Banking has been transformative:
“It feels purpose-built for entrepreneurs like me — practical, user-friendly, and financially flexible. From account opening to loan repayments, the process is seamless, leaving me more time to focus on growing my business.”
How to Apply
Sole proprietors in Malaysia can now register for GX Business Banking by downloading the GXBank app via the Google Play Store or Apple App Store.
For more information, visit GXBank Business Banking.
