Wallets/rhb-bank
RHB Bank Malaysia / RHB Mobile Banking
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Overview
RHB Bank Malaysia is Malaysia #4 by assets + RHB Mobile Banking app with Malaysia's first banking widget [1, 2, my-cro]. 2025 baseline: RHB targeting to double mobile banking users from 500,000 to 1M by end of year + "Progress 27" digitalisation strategy + Jun 18 2025 RHB smarter mobile banking experience launch; Malaysia's first mobile banking widget allows users to complete fund transfers + payments directly from smartphone home screen without opening the app; RHB + PayNet QR code campaign May 1 to Oct 31 2025 giving customers RM450,000 cashback rewards; RHB 9-country international footprint (Malaysia + Singapore + Thailand + Cambodia + Brunei + Laos + Vietnam + Indonesia + Myanmar).
Distinctive RHB Bank positioning:
- Malaysia #4 by assets (after [[maybank]] + [[cimb]] + [[public-bank]])
- RHB Mobile Banking app with Malaysia's first banking widget (allows fund transfers + payments directly from smartphone home screen without opening the app) distinctive Malaysian banking innovation
- 2025 RHB targeting to double mobile banking users from 500,000 to 1M by end of year distinctive Malaysian banking growth strategy
- "Progress 27" digitalisation strategy (Group Managing Director-led digital transformation)
- Jun 18 2025 RHB smarter mobile banking experience launch + design simplicity + robust functionality
- RHB + PayNet (Payments Network Malaysia) QR code campaign May 1 to Oct 31 2025 giving customers RM450,000 cashback rewards
- RHB 9-country international footprint (Malaysia + Singapore + Thailand + Cambodia + Brunei + Laos + Vietnam + Indonesia + Myanmar)
- 1913 Kwong Yik Banking Corporation founding (RHB ultimate predecessor; oldest banking group in Malaysia)
- 2003 RHB Group + Bank Utama merger → RHB Bank Berhad post-Malaysian banking consolidation
History
1913 — Kwong Yik Banking Corporation founded in Malaysia → distinctive Malaysian banking heritage (RHB ultimate predecessor; oldest banking group in Malaysia).
1960 — Sime Bank founding (RHB predecessor).
1997 — DCB Bank Berhad + Kwong Yik Bank Berhad + Sime Bank Berhad consolidation → RHB Bank Berhad.
2003 — RHB Group + Bank Utama merger → RHB Bank Berhad post-Malaysian banking consolidation.
2014 — RHB Mobile Banking app launches.
Jun 18 2025 — RHB smarter mobile banking experience launch + design simplicity + robust functionality [4].
May 1-Oct 31 2025 — RHB + PayNet QR code campaign giving customers RM450,000 cashback rewards [3].
2025 — RHB targeting to double mobile banking users from 500,000 to 1M by end of year + "Progress 27" digitalisation strategy + Malaysia's first banking widget for home screen banking [2, 3].
Ownership & operator
Operating entity: RHB Bank Berhad (KLSE: RHBBANK).
Major shareholders: Employees Provident Fund (EPF Malaysian state pension; ~41% controlling) + OSK Holdings (Tan Sri Ong Leong Huat Malaysian banking entrepreneur) + Aabar Investments (Abu Dhabi sovereign wealth fund) + Malaysian institutional + Malaysian + ASEAN retail public float.
Regulator: BNM (Bank Negara Malaysia).
Technical integration
RHB Mobile Banking app (iOS + Android) + Malaysia's first banking widget (fund transfers + payments directly from smartphone home screen without opening the app) + rhbgroup.com online + RHB Bank cards (Visa + Mastercard + MyDebit) + RHB Bank Malaysian + 8-country international branch network; DuitNow QR + RENTAS Malaysian RTGS + Malaysian ACH; RHB + PayNet QR code campaign May 1 to Oct 31 2025 distinctive Malaysian banking QR code promotion.
Users & growth
2025: RHB targeting to double mobile banking users from 500,000 to 1M by end of year + "Progress 27" digitalisation strategy + Malaysia's first banking widget for home screen banking + RHB + PayNet QR code campaign May 1 to Oct 31 2025 RM450,000 cashback rewards.
Use cases
Malaysian + Singaporean + Thai + Cambodian + Bruneian + Laotian + Vietnamese + Indonesian + Myanmar retail + private + corporate + SME + investment + Islamic banking via RHB Mobile Banking app + Malaysia's first banking widget + rhbgroup.com online + cards + branches; DuitNow QR + RENTAS Malaysian RTGS + Malaysian ACH.
Implementations & partners
Operator: RHB Bank Berhad (KLSE: RHBBANK); Employees Provident Fund (EPF Malaysian state pension; ~41% controlling) + OSK Holdings + Aabar Investments (Abu Dhabi sovereign wealth fund).
Subsidiaries: RHB Islamic Bank (Malaysian Islamic banking subsidiary) + RHB Investment Bank + RHB Insurance + RHB Asset Management + RHB Bank Singapore + RHB Indonesia + RHB Vietnam + RHB Cambodia + RHB Brunei + RHB Laos + RHB Thailand.
Major partnerships: RHB + PayNet (Payments Network Malaysia) QR code campaign May 1-Oct 31 2025 distinctive Malaysian banking QR code promotion + RM450,000 cashback rewards.
Major Malaysian banking competitors: [[maybank]] (Malaysia #1 by assets + Khazanah ~64% controlling + Maybank2U) + [[cimb]] (Malaysia #2 by assets + Khazanah ~26% controlling + CIMB OCTO 110M+ monthly transactions FY2024 +70% YoY + 18M consumer banking clients across 5 ASEAN markets + 1,080 branches across ASEAN) + [[public-bank]] (Malaysia #3 by assets + Teh Hong Piow founding family + MyPB App + 4.1% MAU growth 2025 + 52.3% mobile banking transactions growth 2025) + [[hong-leong-bank]] (Malaysian banking group + HLB Connect Online + Mobile Banking App + Oct 17 2025 biometric verification mandatory + Hong Leong Group Malaysia HLGM Quek family ~64% controlling) + AmBank Malaysia + Affin Bank Malaysia + Alliance Bank Malaysia.
Regulator: BNM.
Fun facts
- Malaysia #4 by assets (after [[maybank]] + [[cimb]] + [[public-bank]]).
- RHB Mobile Banking app with Malaysia's first banking widget (allows fund transfers + payments directly from smartphone home screen without opening the app) distinctive Malaysian banking innovation.
- 2025 RHB targeting to double mobile banking users from 500,000 to 1M by end of year distinctive Malaysian banking growth strategy.
- "Progress 27" digitalisation strategy (Group Managing Director-led digital transformation).
- Jun 18 2025 RHB smarter mobile banking experience launch + design simplicity + robust functionality.
- RHB + PayNet (Payments Network Malaysia) QR code campaign May 1 to Oct 31 2025 giving customers RM450,000 cashback rewards.
- RHB 9-country international footprint (Malaysia + Singapore + Thailand + Cambodia + Brunei + Laos + Vietnam + Indonesia + Myanmar).
- 1913 Kwong Yik Banking Corporation founding (RHB ultimate predecessor; oldest banking group in Malaysia).
- 2003 RHB Group + Bank Utama merger → RHB Bank Berhad post-Malaysian banking consolidation.
- Employees Provident Fund (EPF Malaysian state pension; ~41% controlling).
Comparison
| Feature | RHB Bank Malaysia / RHB Mobile Banking | [[maybank]] (Malaysia #1 by assets rival; Khazanah ~64% controlling; Maybank2U) | [[cimb]] (Malaysia #2 by assets rival; Khazanah ~26% controlling; CIMB OCTO 110M+ monthly transactions FY2024) | [[public-bank]] (Malaysia #3 by assets rival; Teh Hong Piow founding family; MyPB App) | [[hong-leong-bank]] (Malaysian banking group rival; HLB Connect Online + Mobile Banking App + Oct 17 2025 biometric verification mandatory + Hong Leong Group Malaysia HLGM Quek family ~64% controlling) |
|---|---|---|---|---|---|
| Operator | RHB Bank Berhad (KLSE: RHBBANK; EPF Malaysian state pension ~41% controlling) | Malayan Banking Berhad (Maybank; KLSE: MAYBANK; Khazanah ~64% controlling) | CIMB Group Holdings Berhad (KLSE: CIMB; Khazanah ~26% controlling) | Public Bank Berhad (KLSE: PBBANK; Teh Hong Piow founding family controlling) | Hong Leong Bank Berhad (KLSE: HLBANK; HLGM Quek family ~64% controlling) |
| Type | Malaysia #4 by assets + RHB Mobile Banking app + Malaysia's first banking widget + targeting 1M users by end of year (from 500K) + "Progress 27" digitalisation strategy + Jun 18 2025 smarter mobile banking experience launch + RHB + PayNet QR code campaign May 1-Oct 31 2025 RM450,000 cashback | Malaysia #1 by assets + Maybank2U Malaysian banking flagship + 18 ASEAN + global countries + Maybank Indonesia + Maybank Singapore + Maybank Philippines + Maybank Cambodia | Malaysia #2 + regional ASEAN universal bank + 18M consumer banking clients across 5 ASEAN markets + 11M digitally active Mar 2025 + 1,080 ASEAN branches + CIMB OCTO 110M+ monthly transactions FY2024 (+70% YoY) | Malaysia #3 by assets + Teh Hong Piow founding family + MyPB App + 4.1% MAU growth 2025 + 52.3% mobile banking transactions growth 2025 + Aug 15 2025 PB engage MY app retirement + 6-country international footprint | Major Malaysian banking group + HLB Connect Online + Mobile Banking App + Oct 17 2025 biometric verification mandatory + May 1 2025 Android 10 + iOS 15 minimum OS HLB Pocket Connect + HLB ConnectFirst business banking |
| Country | MY + 8+ countries | MY + 17+ countries | MY + 5+ ASEAN countries | MY + 6+ countries | MY + 4+ countries |
| Distinctive | 1913 Kwong Yik Banking Corporation founding (RHB ultimate predecessor; oldest banking group in Malaysia); 1960 Sime Bank founding; 1997 DCB Bank + Kwong Yik Bank + Sime Bank consolidation → RHB Bank Berhad; 2003 RHB Group + Bank Utama merger → RHB Bank Berhad; 2014 RHB Mobile Banking launch; 2025 Malaysia's first banking widget; Jun 18 2025 smarter mobile banking experience launch; EPF Malaysian state pension ~41% controlling | 1960 Maybank founding; Khazanah ~64% controlling | 1924 Bian Chiang Bank founding (Sarawak); Jan 1 2006 Bumiputra-Commerce Holdings + CIMB merger → CIMB Group; 2008 CIMB Niaga + Bank Lippo Indonesian merger | Aug 6 1966 Public Bank founding by Teh Hong Piow (Malaysian banking pioneer); Aug 15 2025 PB engage MY app retired | 1905 Kwong Lee Mortgage and Remittance Company founding in Singapore (Malaysian Chinese banking heritage); 1993 Hong Leong Group Malaysia + MUI Bank Berhad acquisition → Hong Leong Bank Berhad |
Status
Active, Malaysia #4 by assets + RHB Mobile Banking app + Malaysia's first banking widget [1, 2, 3, 4]:
- RHB Bank Berhad (KLSE: RHBBANK; EPF Malaysian state pension ~41% controlling) since 1913 Kwong Yik Banking Corporation founding + 1960 Sime Bank founding + 1997 DCB Bank + Kwong Yik Bank + Sime Bank consolidation → RHB Bank Berhad + 2003 RHB Group + Bank Utama merger + 2014 RHB Mobile Banking launch.
- 2025 RHB targeting to double mobile banking users from 500,000 to 1M by end of year + "Progress 27" digitalisation strategy + Malaysia's first banking widget for home screen banking + Jun 18 2025 smarter mobile banking experience launch.
- RHB + PayNet QR code campaign May 1 to Oct 31 2025 RM450,000 cashback rewards.
- BNM regulated.
Sources
- 1 Welcome to RHB — Your Financial Growth Partner — RHB Malaysia
- 2 RHB Aims to Double Mobile Banking Users with New App — Fintech News Malaysia
- 3 RHB launches new mobile app with Malaysia's first banking widget — Marketing-Interactive
- 4 RHB Debuts Smarter Mobile Banking Experience for Malaysians — Business Today
- my-cro In-corpus:
reports/countries/MY-malaysia.md
Source
Biography extracted from rhb-bank.md. See matrix.md for standards-support matrix if present.