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Banking BNM announced 5 digital bank licences

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cybpsych
post Mar 27 2025, 04:08 PM

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QUOTE(MrBaba @ Mar 27 2025, 02:55 PM)
Fyi all digital bank this year lose alot money kao kao
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all will lose and not breakeven in first few years of operation la

not easy to win banking license and have enough capital to last you the tough initial period, then to grow into breakeven/profitable stage
nexona88
post Mar 27 2025, 07:59 PM

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QUOTE(MrBaba @ Mar 27 2025, 02:55 PM)
Fyi all digital bank this year lose alot money kao kao
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Lose money their problem...

As long they give benefits to us. Already good enough...

Just need to make sure back end system is stable enough to withstand all the transactions traffic....
sadukarzz
post Mar 27 2025, 08:03 PM

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QUOTE(MrBaba @ Mar 27 2025, 02:55 PM)
Fyi all digital bank this year lose alot money kao kao
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And many other banks record profit QoQ YoY

It's common for new businesses to sustain losses to grow market share

Also phase where competition will happen and weaker ones are weeded out
wjleong15
post Mar 28 2025, 01:34 PM

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onz will have apple pay enable? 5% for first 2k? weekly payout interest?

https://www.onzbanking.com/retail-savings-account
ericlaiys
post Mar 28 2025, 02:41 PM

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QUOTE(wjleong15 @ Mar 28 2025, 01:34 PM)
onz will have apple pay enable? 5% for first 2k? weekly payout interest?

https://www.onzbanking.com/retail-savings-account
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not apple pay. most likely internal beta tester test period, RM0 - 2k -5%, above 2k is 2%. So beta tester only put less than 2k. no point put more.

already submitted as waiting list but not result to join

This post has been edited by ericlaiys: Mar 28 2025, 02:41 PM
Pat89
post Mar 28 2025, 02:51 PM

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QUOTE(ericlaiys @ Mar 28 2025, 03:41 PM)
not apple pay. most likely internal beta tester test period, RM0 - 2k -5%, above 2k is 2%. So beta tester only put less than 2k. no point put more.

already submitted as waiting list but not result to join
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Got apple pay, stated in their website

user posted image
ericlaiys
post Mar 28 2025, 03:15 PM

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QUOTE(Pat89 @ Mar 28 2025, 02:51 PM)
Got apple pay, stated in their website

user posted image
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ooo....let wait and see. may be their plan like other digital bank. even apple pay does not list kaf
koja6049
post Mar 28 2025, 11:24 PM

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QUOTE(wjleong15 @ Mar 28 2025, 01:34 PM)
onz will have apple pay enable? 5% for first 2k? weekly payout interest?

https://www.onzbanking.com/retail-savings-account
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this is just a mock-up, i check the qr, leads to a fake figma file
wjleong15
post Mar 29 2025, 01:02 PM

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QUOTE(koja6049 @ Mar 28 2025, 11:24 PM)
this is just a mock-up, i check the qr, leads to a fake figma file
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they still working on their website I guess but not sure why their developer did not block the bot to visit
it is visible on google many subpages
unprofessional it doh.gif
koja6049
post Mar 29 2025, 01:29 PM

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QUOTE(wjleong15 @ Mar 29 2025, 01:02 PM)
they still working on their website I guess but not sure why their developer did not block the bot to visit
it is visible on google many subpages
unprofessional it  doh.gif
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yea, I commented on the other onzbanking thread that the whole website seems to be designed by some Gen-Z kid, the way the promo is written and etc. To me is not professional at all, or it could be just a generational thing biggrin.gif
nexona88
post Mar 29 2025, 02:34 PM

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QUOTE(koja6049 @ Mar 29 2025, 01:29 PM)
yea, I commented on the other onzbanking thread that the whole website seems to be designed by some Gen-Z kid, the way the promo is written and etc. To me is not professional at all, or it could be just a generational thing  biggrin.gif
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Their target market is on Gen Z kids???

Need to give unique offering to survive & capture market shares 🤔🧐
Mr Gray
post Mar 30 2025, 09:15 AM

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QUOTE(koja6049 @ Mar 29 2025, 01:29 PM)
yea, I commented on the other onzbanking thread that the whole website seems to be designed by some Gen-Z kid, the way the promo is written and etc. To me is not professional at all, or it could be just a generational thing  biggrin.gif
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I have the same thought too. The name, all the cartoons, the website seems very childish and unprofessional. And not to mention the color is so ugly.

We'll see if it can attract Gen Z or not. I doubt it though.

This post has been edited by Mr Gray: Mar 30 2025, 09:16 AM
TOS2
post Apr 2 2025, 10:54 AM

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KAF and Ryt bank Android app now available on Play Store.

Cannot register official account, only waitlist available.

This post has been edited by TOS2: Apr 2 2025, 10:54 AM
Pat89
post Apr 2 2025, 11:35 AM

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QUOTE(TOS2 @ Apr 2 2025, 11:54 AM)
KAF and Ryt bank Android app now available on Play Store.

Cannot register official account, only waitlist available.
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Yes, only waitlist for now, both iOS and Androi
ericlaiys
post Apr 2 2025, 04:34 PM

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how come ryt no dedicated thread?
nexona88
post Apr 2 2025, 05:31 PM

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QUOTE(ericlaiys @ Apr 2 2025, 04:34 PM)
how come ryt no dedicated thread?
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Some people keep mass report unnecessarily.... Until original TOS profile gotten SUS'ed become TOS2 now....

Don't want to take risk...

I also scared to open any new topic here... Too much kaki report around...
Natsukashii
post Apr 2 2025, 08:13 PM

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Both KAF and Ryt is new, I think freshly built.. but Ryt looks way more polished than KAF
Pat89
post Apr 3 2025, 08:37 AM

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QUOTE(Natsukashii @ Apr 2 2025, 09:13 PM)
Both KAF and Ryt is new, I think freshly built.. but Ryt looks way more polished than KAF
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Agreed, Ryt seems to be shiny but too early to comment
ericlaiys
post Apr 3 2025, 09:49 AM

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QUOTE(Pat89 @ Apr 3 2025, 08:37 AM)
Agreed, Ryt seems to be shiny but too early to comment
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ryt may get some input from maribank. dont forget SEA owned maribank (ryt with YTL). So can expect stability like gxbank

This post has been edited by ericlaiys: Apr 3 2025, 10:24 AM
Pat89
post Apr 3 2025, 10:02 AM

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QUOTE(ericlaiys @ Apr 3 2025, 10:49 AM)
ryt may get some input from maribank. dont forget SEA owned maribank with YTL. So can expect stability like gxbank
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Trues, can't wait to experience their new features rclxm9.gif

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