In a bold move to empower local SMEs in their journey towards growth and success, AmBank has launched Ambank SME Amplify, which encapsulates a holistic suite of financing and digital solutions catering to the unique needs of SMEs.
Dato’ Sulaiman Mohd Tahir, Group Chief Executive Officer, AmBank Group said “With SMEs as the backbone of the economy, we will continue to expand and invest heavily in this segment by reimagining how micro, small and medium enterprises could be better served in the markets.
We stand by our community, implementing comprehensive initiatives and financing options, tailored to fuel their growth and bolster their competitive edge. The AmBank SME Amplify addresses the pain points that SMEs face by providing easier access to financing.”
The innovative suite of solutions under AmBank SME Amplify is a direct response to this understanding. Business owners will have access to working capital loans with no lock-in period and collateral-free financing up to RM2 million to pursue their growth ambitions without the traditional constraints.
AmBank SME Amplify offers SMEs an interest-bearing Business Current Account that delivers attractive high returns on deposited funds which can be conveniently managed via AmAccess Biz.
Additionally, customers can enjoy unlimited cashback on their business expenses when they apply for an AmBank Visa Infinite Business Card with no annual fees and up to 58 days interest free repayment. AmBank also provides various government assisted financing facilities in collaboration with Bank Negara, Credit Guarantee Corporation Malaysia Berhad (CGC) and Syarikat Jaminan Pembiayaan Perniagaan Berhad (SJPP) in all economic sectors to empower and maximise the full potential of our SME customers.
AmBank SME Amplify also offers a one-stop Merchant Business Solution with same-day settlement. SMEs will be able to accept all cashless transactions from all digital payment methods including DuitNow QR for all online and retails transactions via our terminals, mPOS and Quick Response (QR) codes.
Plus, with Pay-As-You-Grow (PayG), Malaysia 1st Term Loan linked to the Point of Sale (POS) transaction and Deposit account, SMEs will get a faster and more accessible way to access upfront cash for their business needs. More information regarding AmBank SME Amplify can be obtained at ambank.com.my/SMEAmplify
