Ryt Bank Tops 1.2 Mln Users In Just Over Seven Months

KUALA LUMPUR, April 14 (Bernama) -- Ryt Bank said it has surpassed 1.2 million users in just over seven months since its launch in August 2025, reflecting the trust Malaysians place in the platform and positioning it as one of the fastest-growing digital banks in the country.

The next-generation artificial intelligence (AI)-powered digital bank, backed by YTL Power International Bhd in partnership with Sea Ltd, said the milestone reflects strong customer trust and rapid adoption.

“Ryt Bank has processed over 25 million transactions, with monthly volumes increasing more than 35 times since launch, reflecting strong momentum in usage.

“Tens of thousands of users now transact daily across payments, transfers, and everyday spending, while bill payments have increased more than tenfold in recent months, and card usage continues to scale, with more users relying on their Ryt Card for shopping, dining, and groceries,” it added.

The digital bank said among all offerings, Ryt AI is central to this shift, enabling customers to complete tasks such as transfers and bill payments through simple, intuitive interactions. It is developed in partnership with YTL AI Labs and built on Ilmu, Malaysia’s sovereign AI model.

“Today, nearly half of all Ryt Bank users have engaged with Ryt AI. Adoption spans all age groups, including users aged 50 and above, demonstrating how Ryt AI is making everyday banking simpler and more intuitive for everyone.

“Notably, users who engage with Ryt AI return to the app at nearly twice the rate of those who do not, reflecting stronger ongoing engagement,” the bank said.

Its interim chief executive officer Wilson Soon said Ryt Bank remains focused on supporting broader national priorities around financial inclusion by making everyday banking tools more accessible, intuitive, and useful for all Malaysians, particularly those underserved by traditional banking.

“What matters most is how customers are using Ryt Bank in their daily lives — not just signing up, but coming back to spend, save, and manage their money,” he said.

The bank said it is extending its offering beyond everyday transactions, with the rollout of Ryt PayLater on Card in the coming weeks, allowing users to choose to pay now or later with a single card, alongside Ryt Invest, which enables users to begin investing directly within the app.

For more information, visit www.rytbank.my, follow Instagram @rytbankmy, or connect with Ryt Bank on Facebook.

-- BERNAMA