Ryt Bank has reached 1.2 million users since its launch in August 2025, driven by strong growth in transactions and everyday banking activity.
The digital bank has processed over 25 million transactions to date, with monthly volumes surging more than 35 times since its debut. Bill payments have also climbed sharply, rising over tenfold in recent months, while card usage continues to grow as more customers use the Ryt Card for daily spending such as groceries, dining and essentials.
Nearly half of its users have adopted Ryt AI, a feature developed with YTL AI Labs using Ilmu, Malaysia’s sovereign AI model. The tool enables users to perform tasks like transfers and bill payments through simple prompts within the app.
Adoption spans across all age groups, including those aged 50 and above, with users of Ryt AI returning to the app nearly twice as often as non-users.
The bank is also seeing increased traction for its Ryt PayLater feature, which offers instant credit of up to RM1,499. Usage has been largely focused on essential expenses such as groceries, fuel and bills rather than discretionary spending.
A significant portion of Ryt Bank’s customer base comes from underserved and unserved segments, in line with its goal of expanding access to financial services and short-term credit.
Interim CEO Wilson Soon said the milestone reflects growing acceptance of a more intuitive and accessible approach to banking among Malaysians.
Looking ahead, Ryt Bank plans to roll out Ryt PayLater on Card, allowing users to choose between immediate or deferred payments using a single card. It is also preparing to launch Ryt Invest, enabling users to invest directly through the app.
The update comes as Malaysia’s five digital banks collectively reached 2.4 million users by end-2025, with around 65% from underserved and unserved groups, according to Bank Negara Malaysia.
