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Publication Date: March 19, 2024
The 21st century is witnessing a technological revolution in the global economy, characterized by rapid digital transformations. Small and medium-sized enterprises SMEs, which are often at the forefront of innovation, struggle to keep pace with these changes.
Aware of their cash flow challenges, Malaysia-based AmBank has launched 'AmBank SME Amplify,' an innovative solution designed to help SMEs navigate through financing obstacles and chart a path towards growth and success. This comprehensive platform addresses various industry-specific issues such as loan applications, payroll management, and payment acceptance solutions for diverse sectors including food beverage, e-commerce, retl, fashion, transportation, shipping, professional legal services, among others.
AmBank SME Amplify's central hub offers easy access to collateral-free financing of up to RM2 million for working capital needs. This enables SME owners to pursue their growth ambitions lock-in periods or constrnts. The platform provides a suite of financial tools tlored for business efficiency:
SME Working Capital: Offers collateral-free, flexible financing solutions with no annual fees and swift access to funds when needed.
AmAccess Biz: Provides an interest-bearing current account that simplifies cash management through digital platforms like the AmBank POS terminal.
Unlimited Cashback: Businesses can maximize their operational expenses by applying for the 'AmBank Visa Infinite Business Card,' which offers unlimited cashbacks on all transactions and no annual fees.
AmBank partners with Malaysia's government bodies, including Bank Negara, Credit Guarantee Corporation Malaysia Berhad CGC, and Syarikat Jaminan Pembiayaan Perniagaan to provide government-assisted financing facilities across various economic sectors. This collaboration maximizes the potential of SME customers by providing tlored financial solutions.
The platform's Merchant Business Solution is designed to facilitate cashless payments through DuitNow QR, online transactions, and retl payments via AmBank POS terminals. It features PayG Pay-as-you-grow, a pioneering term loan linked to POS transactions and deposit accounts that offers swift access to loans adjusted to evolving business needs.
AmBank SME Amplify has been launched during Kuala Lumpur Fashion Week's Fashion Connect Point 23 symposium, underscoring its commitment to supporting Malaysia's fashion industry globally. The platform is dedicated not only to providing financial solutions but also sharing valuable knowledge and insights to empower businesses in the competitive market landscape of the future.
Introduction: As the global economy transforms, small and medium-sized enterprises SMEs are embracing digital advancements with a keen focus on innovation. However, challenges such as cash flow management often hinder their progress. To address these issues, AmBank introduces 'AmBank SME Amplify', an innovative solution med at facilitating access to finance for SMEs.
Overview: The platform serves as a comprehensive hub for various industries offering solutions that streamline processes such as loan applications, payroll management, and payment acceptance systems. It offers a wide range of tools designed to alleviate the financial burdens typically encountered by SME owners:
SME Working Capital: Provides easy access to up to RM2 million in flexible financing with no annual fees or lock-in periods.
AmAccess Biz: Features an interest-bearing current account optimized for digital platforms like AmBank's POS terminal, enhancing cash management capabilities.
Maximize Your Sp: Businesses can maximize their operational expenses by applying for the 'AmBank Visa Infinite Business Card', which offers unlimited cashback rewards on all transactions with no annual fees.
Collaboration: AmBank SME Amplify partners with Malaysia's government bodies like Bank Negara and CGC, among others. This collaboration ensures that SME customers receive tlored financial solutions through government-assisted financing facilities across diverse economic sectors.
Merchant Business Solution: The platform's Merchant Business Solution empowers businesses by facilitating cashless transactions through DuitNow QR code, online payments, and retl transactions via AmBank POS terminals. It introduces PayG Pay-as-you-grow, a pioneering term loan linked to POS transactions that adjusts loans as per evolving business needs.
Fashion Industry Support: Launched during Kuala Lumpur Fashion Week's Fashion Connect Point 23 symposium, AmBank SME Amplify demonstrates its commitment to supporting the fashion industry by providing not just financial solutions but also sharing insights and knowledge for industry growth.
Concluding Thoughts: AmBank SME Amplify is a game changer in the world of finance, offering tlored services that streamline processes and unlock opportunities for SMEs across various sectors. By leveraging partnerships with government bodies and embracing digital advancements, this platform stands as a beacon of support for businesses navigating through today's competitive landscape.
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AmBank SME Amplify Financing Solution Easy Access to Business Growth Capital Digital Transformation for Malaysian SMEs Collateral Free Working Capital Loans Offered PayG Term Loan with POS Integration Comprehensive Financial Tools Suite Provided