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Digital Banking: Malaysia s Maybank Enhances Security With Add-on Feature
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Maybank SME Digital Financing has Provided RM1 Billion or $240 Million in Financing, Serving Over 8200 Malaysian SMEs
Just six months into its launch,
Maybank SME Digital Financing has reportedly cleared RM1 billion (appr. $240 million) worth of financing, serving over 8,200 SMEs, of which around 85% or 6,950 are startups and micro-enterprises based in Malaysia.
Maybank stated that all applications that were eligible or qualified for “instant” decisions got their approval and disbursements within minutes.
Maybank’s management also noted that their
SME Digital Financing solution is the first in the market to provide an end-to-end or completely digital experience, with straight-through processing, from application to approval and then finally disbursement.
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