The global economy has demonstrated significant resilience through the COVID-19 pandemic. As economic momentum continues to grow, businesses across the globe are encountering various challenges including supply chain disruption, a growing priority towards digitalisation – all while battling inflation. 

With a potential recession underway, businesses need to safeguard their growth strategy to avoid potential setbacks and significant losses. To meet new demands, companies are making digital and technology investments across the business model. 

If your business is seeking to start out on the right foot, guarantee customer accessibility, and work on a digital platform that operates seamlessly, then Maybank SME First Account/-i may just be the solution for you. 

Maybank has long established an ecosystem of platforms that ensures seamless customer transactions and financial management, which is reflected in its user base. According to data from Maybank Group’s Analyst Presentation 4Q & Full Year FY2022, Maybank currently has: 

• 53.1% Mobile Banking Market Share in Malaysia’s digital transaction volume 
• 8.9 million active users on their MAE and M2U platforms
• 760K customers having adopted Apple Pay

It is thus no surprise that Maybank is considered an ideal partner for businesses, as a significant percentage of the Malaysian population has adopted Maybank as their preferred online banking platform. 

Tailored to small and medium businesses, here’s how Maybank SME First Account/-i is able to enable your business with a boost: 

Simplifying Business Banking Management 

Maybank SME First Account/-i is open for most business types including sole proprietorships, partnerships, private limited companies and professional businesses. Hence, it uses existing online business banking platforms which are easy to manage – M2U and MAE for sole proprietors, and M2U Biz for non-sole proprietors, i.e. Sdn Bhd. 

All 3 platforms come with their own set of advantages. The M2U platform allows business owners to transact  and keep track of payments with an easy-to-view dashboard, whereas MAE is built for consumers to enjoy additional lifestyle features alongside the banking platform. On the other hand, M2U Biz comes with a myriad of useful business tools including a simplified overview of accounts, with clear Assets & Liabilities on the main dashboard, multiple approvals and a built-in invoicing tool. 

M2U Biz’s Invoicing Tool with customisable template

Most importantly, all 3 platforms come with Maybank’s industry-leading security feature – Secure2u. These platforms also ensure transactions are authorised by designated devices to prevent TAC fraud and Mobile Operator delays in SMS TAC. 

Ready-Made Solutions 

The Maybank ecosystem ensures that every part of the business journey is taken care of thanks to its customised add-ons available on your Maybank SME First Account. Here are a few prime examples of business solutions that could help you on your entrepreneurial journey: 

Maybank QRPayBiz: Allows Cashless transactions for your business with a single unified QR Code and lets you manage all your transactions within a single app for your business. 

Sama-Sama Lokal: Gives your business a free digital presence with 0% Commission for easy customer accessibility towards your products/services, with 8.9 million users as potential customers on the MAE app.

Maybank SME Digital Financing: Fast online financing for Businesses of all sizes, from RM3,000 up to RM500,000 over 7 years with 10 Minute Approvals and 1 Minute Disbursement. Maybank SME Digital Financing aims to give businesses a quick boost of capital with flexible payment options to minimise business disruptions, with over RM2.93 Billion in loans approved for SMEs since its launch in September 2020. 

Hassle-Free Sign Up 

If you’re looking to kickstart your business with Maybank SME First Account, you can do so in 4 simple steps: 

You’ll only need to deposit a minimum of RM1,000 at the branch to activate your account.​ 

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Having a solid banking partner can help smoothen your everyday business banking processes. With 58% out of SMEs in Malaysia currently being served by Maybank, this makes Maybank an ideal choice as a banking partner for those looking to grow their business. Coupled with its existing platforms and customised add-on solutions, Maybank SME First Account may be able to help your business navigate various business challenges in the future. 

Apply for Maybank SME First Account here. 

The contents of this article do not constitute financial advice. Readers should conduct their own research before making a financial decision. 

• TAGS:
• Business Bank Accounts
• Business Banking
• Maybank
• Maybank SME First Account/-i