KAF Digital Bank has received approval from Bank Negara Malaysia (BNM) to begin onboarding the public following the successful completion of its PERINTIS Phase.
Services will be available through the bank’s mobile app starting 8 August.
During the PERINTIS Phase, the bank tested its systems, security protocols and user experience with a select group of participants.
Feedback from this group helped refine the platform to ensure a smooth and secure rollout.
KAF Digital Bank offers Shariah-compliant digital services including savings accounts, virtual debit cards and payment features.
Its platform is designed to improve financial access through a user-friendly, technology-driven approach.
To mark the launch, the bank is introducing three campaigns: “Daftar & Menang,” “Imbas & Kumpul” and “CelikWang” in partnership with POD.
These initiatives reward users for completing financial education activities and transactions, with prizes such as vehicles, travel packages and gift vouchers through a loyalty programme.
The bank is backed by KAF Investment Bank and supported by local partners including Carsome, MoneyMatch, Jirnexu and StoreHub.
The app will be available for download on the Apple App Store and Google Play Store from 8 August.
“We are thrilled to receive the green light from the regulators to open our doors to the public.
The successful completion of our PERINTIS Phase is a testament to the hard work and dedication of our team, and it underscores our commitment to delivering a truly innovative and seamless digital banking experience. We thank the PERINTIS users for their invaluable feedback.”
said Rafiza Ghazali, Chief Executive Officer of KAF Digital Bank.
Featured image: Edited by Fintech News Malaysia, based on image by muravev via Freepik
