KAF Digital Bank has rolled out Basic Banking Services in line with Bank Negara Malaysia’s regulatory deadline, which took effect on 1 April 2026.
The service provides access to deposits, withdrawals, transfers and payments.
It also forms part of the obligations placed on digital banks to support financial inclusion, particularly among underserved and underbanked groups in Malaysia.
The rollout comes as KAF Digital Bank continues to expand its operations after opening to the Malaysian public in August 2025, following approval to begin onboarding customers after completing its PERINTIS phase.
The bank is focused on building out its Shariah-compliant digital banking offerings as it moves into its next phase of growth.
Earlier this year, Suzaini Mukhtar formally took on the CEO role after serving in an interim capacity since December 2025, following the exit of his predecessor, Rafiza Ghazali.
KAF Digital Bank has also been linked to discussions around strategic options, including a potential sale or stake reduction, according to earlier reports.
It was set up with partners Carsome, MoneyMatch, Jirnexu and StoreHub, while KAF Investment Bank remains the controlling shareholder with an 84 percent stake. Each partner holds 4 percent.
Featured image: Edited by Fintech News Malaysia, based on images by KAF Digital Bank, and rahmatnurohman3881 via Freepik
