Digital Bank KAF receives green light from BNM for public debut
KAF Digital Bank, a new entrant in Malaysia's digital banking sector, is poised to set new benchmarks in digital trust, Islamic Fintech innovation, and customer empowerment. Backed by KAF Investment Bank and a consortium of prominent Malaysian industry leaders, the bank is set to commence operations on August 8, 2025.
The consortium includes Carsome, MoneyMatch, Jirnexu, and StoreHub, reinforcing KAF Digital Bank's commitment to delivering cutting-edge digital banking solutions. The bank has received regulatory approval from Bank Negara Malaysia (BNM) to commence public onboarding, paving the way for Malaysians to access its digital-first, Shariah-compliant services.
KAF Digital Bank's mobile-first platform is designed to meet the evolving needs of modern consumers. It offers a suite of digital banking solutions, including savings accounts, virtual debit cards, and integrated payment solutions. These services are all designed to provide customers with a seamless and efficient banking experience.
In a bid to boost financial literacy and reward user participation, KAF Digital Bank is rolling out a series of customer engagement campaigns: "Daftar & Menang", "Imbas & Kumpul", and "CelikWang". Prizes on offer in these campaigns include new vehicles, exclusive travel packages, and gift vouchers. These campaigns underscore KAF Digital Bank's commitment to fostering financial inclusion and empowering its customers.
KAF Digital Bank has completed its rigorous PERINTIS Phase successfully, demonstrating its readiness to serve the Malaysian market. The bank's mission is to redefine Malaysia's digital banking landscape and to provide a trustworthy, innovative, and customer-centric digital banking experience.
Malaysians can download the KAF Digital Bank app from the Apple App Store or Google Play Store to open an account and access the bank's digital-first, Shariah-compliant services. With KAF Digital Bank, the future of digital banking in Malaysia is set to be exciting and transformative.
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