AmBank offers RM320,000 cash rewards to SMEs

by SHAFIQQUL ALIFF / pic by BLOOMBERG

AMBANK Group has offered a total of RM320,000 cash rewards to small and medium enterprises (SMEs) in a campaign aimed to ease their customers’ operating expenses during present challenging times.

The “SME Deposits Cash Rewards Campaign” offers cash rewards whenever customers start to save and transact with their AmBank’s business account for all their day-to-day transactions, such as paying bills and salaries.

“We understand how tough it can be for businesses as the pandemic continues to disrupt everyone’s day-to-day activities,” AmBank retail banking MD Aaron Loo said in a statement yesterday.

Eligible customers only need to save and transact to get rewarded up to RM1,000 cash rewards over seven months, beginning June 1, 2021, until Dec 31, 2021.

In May last year, AmBank introduced “SME-in-a-Box” to help SMEs manage their businesses by digitising operations.

The SME-in-a-Box is a one-stop solution that offers comprehensive financial, connectivity and digital solutions for SMEs.

It provides added value for their operating account, merchant terminal, cashless payment solutions, as well as gives quick access to working capital financing.

The sixth-largest banking group by assets in Malaysia also introduced mTAP, the latest cashless merchant solution that helps merchants accept credit or debit card payments using any near field communication equipped Android smartphones, without using a card terminal.

It is part of the SME-in-a-Box offerings.