KAF Digital Bank is inviting the public to register their interest for its upcoming Perintis Beta Programme, offering early access to its new ONZ Banking services.
Those interested can sign up for the Islamic digital bank using their name and email address to receive updates and may be selected to participate in the programme.
Selected individuals may also be chosen as Perintis Pioneers, giving them a chance to try out the platform early and earn loyalty points through the POD Savings programme, which can be redeemed for rewards, subject to terms and conditions.
ONZ Banking operates on a Shariah-compliant framework and features the Qard Savings Account-i and Visa Virtual Debit Card-i.
Users will be able to manage their money via a mobile app that supports DuitNow QR payments and secure online transactions.
Deposits are protected by Perbadanan Insurans Deposit Malaysia (PIDM) for up to RM250,000.
The service will offer two tiers. The Basic Plus tier includes core features with no minimum balance requirement, while the Premium tier provides a higher daily spending limit of RM50,000 and waives the annual debit card fee.
Users can upgrade to premium by submitting their bank statements.
This beta launch follows formal approval granted by Bank Negara Malaysia and the Ministry of Finance in December 2024 for KAF Digital Bank to commence operations.
The app is now available on the Apple App Store and Google Play Store.
Featured image credit: Edited from Freepik
