# RHB Bank Malaysia / RHB Mobile Banking

> Source: https://docs.barcoder.ai/docs/wallets/rhb-bank
> research date 2026-05-30 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [RHB Bank — official](https://www.rhbgroup.com/)

## Overview

**RHB Bank Malaysia** is **Malaysia #4 by assets** + **RHB Mobile Banking app with Malaysia's first banking widget** <sup>[1][1], [2][2], [Malaysia report](https://docs.barcoder.ai/docs/payments/MY)</sup>. **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 Malaysia](https://docs.barcoder.ai/docs/wallets/maybank-malaysia) + [CIMB Group / CIMB OCTO](https://docs.barcoder.ai/docs/wallets/cimb) + [Public Bank Berhad / MyPB](https://docs.barcoder.ai/docs/wallets/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 <sup>[4][4]</sup>.

**May 1-Oct 31 2025 — RHB + PayNet QR code campaign** giving customers RM450,000 cashback rewards <sup>[3][3]</sup>.

**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** <sup>[2][2], [3][3]</sup>.

## 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](https://docs.barcoder.ai/docs/wallets/maybank-malaysia) (Malaysia #1 by assets + Khazanah ~64% controlling + Maybank2U) + [CIMB Group / CIMB OCTO](https://docs.barcoder.ai/docs/wallets/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 Berhad / MyPB](https://docs.barcoder.ai/docs/wallets/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 Malaysia / HLB Connect](https://docs.barcoder.ai/docs/wallets/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 Malaysia](https://docs.barcoder.ai/docs/wallets/maybank-malaysia) + [CIMB Group / CIMB OCTO](https://docs.barcoder.ai/docs/wallets/cimb) + [Public Bank Berhad / MyPB](https://docs.barcoder.ai/docs/wallets/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](https://docs.barcoder.ai/docs/wallets/maybank-malaysia) (Malaysia #1 by assets rival; Khazanah ~64% controlling; Maybank2U) | [CIMB Group / CIMB OCTO](https://docs.barcoder.ai/docs/wallets/cimb) (Malaysia #2 by assets rival; Khazanah ~26% controlling; CIMB OCTO 110M+ monthly transactions FY2024) | [Public Bank Berhad / MyPB](https://docs.barcoder.ai/docs/wallets/public-bank) (Malaysia #3 by assets rival; Teh Hong Piow founding family; MyPB App) | [Hong Leong Bank Malaysia / HLB Connect](https://docs.barcoder.ai/docs/wallets/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** <sup>[1][1], [2][2], [3][3], [4][4]</sup>:
- **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]: https://www.rhbgroup.com/index.html "Welcome to RHB — Your Financial Growth Partner — RHB Malaysia"
[2]: https://fintechnews.my/20542/banking/rhb-mobile-banking-app-new/ "RHB Aims to Double Mobile Banking Users with New App — Fintech News Malaysia"
[3]: https://www.marketing-interactive.com/rhb-launches-new-mobile-app-with-malaysia-s-first-banking-widget "RHB launches new mobile app with Malaysia's first banking widget — Marketing-Interactive"
[4]: https://www.businesstoday.com.my/2025/06/18/rhb-debuts-smarter-mobile-banking-experience-for-malaysians/ "RHB Debuts Smarter Mobile Banking Experience for Malaysians — Business Today"
[my-cro]: https://docs.barcoder.ai/docs/payments/MY

- [1] [Welcome to RHB — Your Financial Growth Partner — RHB Malaysia][1]
- [2] [RHB Aims to Double Mobile Banking Users with New App — Fintech News Malaysia][2]
- [3] [RHB launches new mobile app with Malaysia's first banking widget — Marketing-Interactive][3]
- [4] [RHB Debuts Smarter Mobile Banking Experience for Malaysians — Business Today][4]
- <sup>[Malaysia report](https://docs.barcoder.ai/docs/payments/MY)</sup> In-corpus: `reports/countries/MY-malaysia.md`

## Source

Biography extracted from [rhb-bank.md](https://docs.barcoder.ai/source/wallets/rhb-bank). See `matrix.md` for standards-support matrix if present.