A Malaysia's First - GXBank Business Banking Provides MSMEs with Accessible and Flexible Financing with Savings

PETALING JAYA, 18 September 2025 – GX Bank Berhad (GXBank) recently launched its business banking facility and flagship Jaguh Niaga Programme, reaffirming its commitment to supporting Malaysia's Micro, Small and Medium Enterprises (MSMEs).

Offering first to sole proprietors, GX Business Banking, is an innovative and fully digital solution specifically designed to address small business' pain points. It simplifies processes and financial access while offering savings on both their (operating) account and loan settlements.



GX Business Banking offers two key products:




* Note: Daily rest interest is calculated on the outstanding loan balance at the end of each day. This means that any payment made, whether it's a regular installment or an additional principal reduction, will reduce the interest charged from the very next day.



Additionally, in the spirit of our recent Hari Kebangsaan and Hari Malaysia, GXBank's national aspiration, Jaguh Niaga - aims to empower 10,000 MSMEs to thrive in a digital-first economy. The programme will provide inclusive financing (via GX Business Banking) and access to a suite of digital business tools suitable to help local businesses grow.

These include expanding their customer base via the Grab platform; HR management solutions; and digital payments, through carefully curated partnerships with local companies, such as startups from GXBank's TeXnovasi programme - du-it, Swipey and PulseLink.

"We first piloted GX Business Banking with Grab merchant-partners, and their feedback and response was overwhelmingly positive, especially the unparalleled convenience and additional savings. They appreciated that approval for a business loan is in minutes with instant access to cash. Similar to our retail deposits, business owners earn daily interest on their GX Biz Account. For GX Biz FlexiLoan, they can choose flexible repayment terms of up to 3 years, with no penalty for early settlement, and also, earn interest charge reduction on their loan repayments. Additionally, their feedback allowed us to refine our products - from improving our credit models to approval speed, and data-fraud prevention," said Prasanna Rao, Chief Commercial Officer (SME), GXBank.

"In line with our mission to the underserved community, with GX Business Banking and the Jaguh Niaga Programme, we're not only setting new industry standards but also investing in MSMEs that power more than 95% of Malaysia's economy. Banking shouldn't be a barrier to growth - we're reimagining it by leveraging technology and bringing together partners with intuitive tools that share our passion to help entrepreneurs save time and money. Ultimately, Jaguh Niaga is about them becoming champions of their trade," added Hildah Hamzah, Deputy Chief Executive Officer and Chief Operating Officer, GXBank.

Naim Zahrul, owner of Smashey's Gourmet, one of the pilot merchants, shared, "GX Business Banking feels purpose-built for entrepreneurs like me—practical, user-friendly, and financially flexible. It makes the stress of managing inventory purchases and the burden of monthly interest. The end-to-end process of signing up, applying for the GX FlexiLoan, and making repayments is seamless, leaving me more time to focus on running my business and making delicious burgers for my customers!"

Malaysian sole proprietors can now register for GX Business Banking by downloading the GXBank app from Google Play Store or Apple App Store.

Click HERE for more information on GX Business Banking and HERE for Jaguh Niaga.