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Malaysian bank helps SMEs sustain their businesses digitally

CIMB Bank Berhad and CIMB Islamic Bank Berhad (collectively “CIMB” or “the Bank”) continue to assist the SME sector, especially businesses without digital presence, through a series of webinars.

Co-hosted by CIMB’s partners, Exabytes, an e-commerce solutions provider specialising in web hosting services, and Billplz, a provider of simple cash solutions for easy payments, the webinars will help SMEs escalate their digital capabilities.

Any business owner can participate to find out how they can benefit from the capabilities of an online store platform with a complete suite of complementary services alongside an efficient payment platform for merchants.

The CEO, Group Commercial Banking, of the CIMB Group stated that given the current challenging business climate brought on by the COVID-19 pandemic, digital capabilities are key.

With this in mind, the bank aims to help customers leverage on the know-how of its partners, Exabytes and Billplz. To ensure businesses sustain and even enjoy growth, customers without an online store presence and a digital payment platform are now able to benefit from the digital knowledge of both partners.

This is especially important in the current environment, where businesses are facing reduced or limited opportunities for physical operations.

The first webinar was launched on 13 May, a two-hour session hosted by CIMB with speakers representing both Exabytes and Billplz.

Through the Digital Retail Package, CIMB Business Current Account/-i SME customers can enjoy heavily discounted packages by Exabytes and Billplz to help them kick start their digital transformation journey.

With the Exabytes Relief Package, SMEs can set up a fully-functioning online store within 3 days, complete with a payment gateway, business email address, copy-writing and delivery services. The package starts at RM699, instead of the usual RM1399.

Billplz, on the other hand, is offering CIMB Business Current Account/-i SME customers two months free on its Standard Membership package.

Billplz’s Payment Form allows SMEs to generate a unique link for their products, receive orders, and get paid instantly. SMEs can start selling online via social media and chatting platforms without having to share any personal banking details.

Participants can register for the webinars free of charge on the website, limited to 100 seats only. They may also sign up for either or both parts of the Digital Retail Package.

Additionally, the bank is offering a cash incentive of up to RM100 for customers who sign up for these packages, capped at the first 200 customers.

These series of webinars are in addition to the free webinar sessions that were recently held in April with the bank’s e-commerce solution partner, Shopmatic.

Webinars will be held until July and participants will be able to open their online store and start selling almost immediately.

According to another article, in a dialogue session organised by Ministry of Finance (MOF) and Ministry of Science, Technology, and Innovation (MOSTI) recently, discussions focused on engaging Malaysia’s local tech startups and tech funding agencies.

Such efforts from the government and its agencies show a strong commitment to continue to work and find ways how it can help mitigate the negative impact of Covid-19 on various communities.

Over the past weeks, MDEC has collaborated with various industries and ministries to bring tech assistance to businesses and entrepreneurs whose source of income have been affected by the pandemic and MCO.

In line with the government’s announcement of the People-Centric Economic Stimulus Package (PRIHATIN) and the subsequent enhancements, MDEC launched the #DigitalVsCovid movement to support businesses and consumers by providing a list of e-services, e-learning and e-businesses for their convenience, and to obtain information and benefit from the country’s digital ecosystem.

Malaysia may be in the thick of battle, but as a nation, it is prepared to emerge victorious as various efforts are made to accelerate the development of digital tools and solutions and thus, hasten Malaysia’s healing.

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