Kuala lumpur: Ryt Bank announced that it has exceeded 1.2 million users just over seven months after its launch in August 2025. This achievement underscores the trust Malaysians have in the platform, making it one of the rapidly expanding digital banks in the nation.

According to BERNAMA News Agency, Ryt Bank, a digital bank powered by next-generation artificial intelligence (AI) and backed by YTL Power International Bhd in collaboration with Sea Ltd, attributes this milestone to strong customer trust and swift adoption. The bank has processed over 25 million transactions, with monthly transaction volumes increasing more than 35 times since its inception. This indicates a significant momentum in the platform's usage.

The bank also reported that tens of thousands of users conduct daily transactions, including payments, transfers, and everyday spending. Bill payments have surged more than tenfold recently, and card usage has continued to climb, with more users utilizing their Ryt Card for purchases such as shopping, dining, and groceries.

Central to this shift is Ryt AI, which facilitates tasks like transfers and bill payments through seamless and simple interactions. Developed with YTL AI Labs and based on Ilmu, Malaysia's sovereign AI model, Ryt AI has been engaged by nearly half of all Ryt Bank users. The adoption spans various age groups, including those aged 50 and above, showcasing its effectiveness in making banking more straightforward and intuitive.

The bank noted that users interacting with Ryt AI tend to return to the app almost twice as often as those who do not, indicating stronger ongoing engagement. Interim CEO Wilson Soon emphasized that Ryt Bank is committed to enhancing financial inclusion by making banking tools more accessible and valuable, especially for Malaysians underserved by traditional banking systems.

In addition to everyday transactions, Ryt Bank is expanding its services. The bank plans to launch Ryt PayLater on Card soon, enabling users to choose between immediate or deferred payments with a single card. Moreover, Ryt Invest will allow users to start investing directly through the app, further broadening the bank's offerings.