Lim Hong Tat
A score ranging from 100 to 400 gives Malaysian businesses working with SMEs on credit a standard rating scale and single point of reference.
The increase will be driven by the new Maybank2u app as well as the growth momentum achieved last year.
Maybank is expecting an increase of at least 25% in the number of e-Ang Pow transactions this Chinese New Year compared to 15,000 transactions valued at over RM1.6 million in 2016.
Maybank and Western Union, a leader in global payment services, today announced the launch of the first digital remittance service in Malaysia via its Maybank2u (M2u) mobile banking app.
Maybank has teamed up with Sage Software to offer a free digital banking solution for SMEs that would enable them to undertake instant electronic payments via online and mobile banking channels directly from their accounting and payroll modules.