Maxis and Public Bank Bhd. (Public Bank) have joined forces to promote digital adoption among small and medium enterprises (SMEs) in Malaysia. The collaboration, formalized through a Memorandum of Understanding (MoU), aims to raise awareness about digitalization among SMEs and provide them with access to digital solutions and financial assistance.
Enhancing the Digital Transformation of Malaysian SMEs
Tan Sri Dato’ Sri Dr. Tay Ah Lek, the Managing Director and CEO of Public Bank, believes that combining the financial expertise of Public Bank with the technological prowess of Maxis will have a significant impact on the digital transformation of Malaysian SMEs. Goh Seow Eng, the CEO of Maxis, expressed his pleasure in partnering with Public Bank and their shared commitment to supporting SMEs.
The synergistic approach between the two entities can result in the development of integrated financial and digital services, providing SMEs with comprehensive solutions to manage their finances and operations more efficiently. This could include streamlined banking processes, access to digital payment platforms, and customized financial management tools designed to enhance productivity and profitability for SMEs.
The collaboration may facilitate greater access to funding and credit facilities for SMEs through digital channels. By combining Public Bank's robust financial infrastructure with Maxis's digital platforms, SMEs could benefit from simplified loan application processes, faster approval times, and tailored financing options that align with their business requirements.
The partnership can promote greater adoption of digital technologies among Malaysian SMEs, empowering them to embrace digitalization as a strategic enabler for growth and competitiveness. Public Bank's industry knowledge coupled with Maxis's technological innovations can facilitate the delivery of educational resources, training programs, and advisory services to SMEs, helping them navigate the digital landscape more effectively and capitalize on emerging opportunities.
Mutual Assistance
Throughout the collaboration, both companies will engage their customers through various activities, including awareness talks at Public Bank branches. Maxis Business will also become the official telco and digital partner of Public Bank's PB enterprise Digital SME Assist Programme, providing SME customers with access to Maxis' connectivity and digital solutions.
Additionally, Maxis Business will assist Public Bank's SME customers in applying for the Geran Digital PMKS Madani (GDPM) Grant initiative and will explore financing solutions offered by Public Bank.
