IN an era when technological and digital advancements are reshaping industries at an unprecedented rate, small and medium enterprises (SMEs) find themselves struggling to keep up.
In light of this, AmBank has launched AmBank SME Amplify to address the challenges and pain points that SMEs face by providing easier access to financing, empowering them in their journey towards growth and success.
AmBank SME Amplify offers a comprehensive suite of solutions that are catered to SMEs across industries including Food and Beverage, E-Commerce, Retail, Fashion, Transportation and Shipping, Professional Legal Services and more.
SMEs no longer have to worry about loan applications, payroll management or payment acceptance solutions amongst others, as AmBank SME Amplify will serve as a hub for business owners to address these challenges enabling them to focus on expanding and growing their enterprises.
Whether you’re in the business of running a coffee shop, selling fresh produce online or even operating a logistics company, the AmBank SME Amplify covers holistic solutions to help all SMEs achieve their goals, regardless of industry.
Through the SME Working Capital solution, business owners will have access to collateral-free financing of up to RM2mil with no lock-in period to pursue growth ambitions.
AmBank SME Amplify also offers an interest-bearing business current account that delivers attractive returns and can be conveniently managed via online banking through the AmAccess Biz platform.
The AmAccess Biz platform offers a myriad of cash management solutions such as seamless payments, forward exchange contracts, bill payments and payroll services.
SME owners can even opt to get customised solutions catered to their business needs.
SMEs can also 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 for all their business expenses.
AmBank also provides government-assisted financing facilities, in collaboration with Bank Negara, Credit Guarantee Corporation Malaysia Berhad and Syarikat Jaminan Pembiayaan Perniagaan, for all economic sectors to maximise the full potential of its SME customers.
Merchant Business Solution with same-day settlement is also part of AmBank SME Amplify. With this solution, SMEs will be able to accept cashless transactions from all digital payment methods including DuitNow QR as well as online and retail transactions via AmBank’s Point of Sale (POS) terminals.
Plus, with Pay-As-You-Grow (PayG) – Malaysia’s first term loan linked to POS transactions and Deposit accounts – SMEs will be able to access loans quickly for their evolving business needs.
AmBank SME Amplify was officially launched during Kuala Lumpur Fashion Week (KLFW) Fashion Connect Point 23 symposium which was held at InterContinental Kuala Lumpur.
The KLFW Fashion Connect Point 23 symposium, which is in its second year running, was organised to connect local designers, entrepreneurs and retailers, primarily from the apparel and textile industry.
This event served as a platform to address the latest trends and challenges faced by entrepreneurs today, as well as to educate, network and elevate the fashion industry’s supply chain with the aim of creating a progressive industry with a sustainable ecosystem.
“We are pleased to continue to collaborate with KLFW in engaging the fashion industry ecosystem,” says AmBank Retail Banking managing director Aaron Loo.
“Malaysia’s rich heritage has created many successful homegrown brands that are becoming increasingly more visible on the global stage and AmBank will be in a good position to support their growth with AmBank SME Amplify.
“Our aim is to support the entire fashion industry value chain, from textiles, manufacturing, retailing and design, with not just financing solutions but also with the sharing of information and knowledge that can help them succeed in an increasingly competitive environment.”
For more details and to learn more about AmBank SME Amplify, visit ambank.com.my/SMEAmplify.
