Malaysia: Maybank, Perodua to Enhance Dealers’ Digital Financial Services via Maybank2e Platform

Maybank and Perodua Sdn Bhd recently signed a Memorandum of Collaboration (MoC) on providing seamless end to end integrated digital financial services for Perodua via Maybank’s M2e platform as well as offering additional financial support via financing packages worth close to RM400 million to help further expand Perodua’s business.

The agreement was inked by Rajenthiran Koru, Head Consumer Finance Maybank and JH Rozman bin Jaafar, Chief Operating Officer Perodua.

The signing was witnessed by Datuk Hamirullah Boorhan, Head, Community Financial Services Maybank, Malaysia and Dato’ Sri Zainal Abidin Ahmad, President & CEO Perodua at Menara Maybank.

In the MoC, Maybank via its seamless and secure M2e platform, will “offer a one-stop comprehensive banking and financing products and services access across the entire supply chain to Perodua as well as its dealers and customers in Malaysia.”

This would “cover all aspects of Perodua’s operations – from manufacturing, distribution, vendors retailing and after sales services.”

The collaboration will “cover financial services such as Floor Stocking Facility, Direct and Blanket Hire Purchase, Credit Card Merchant facilities, Cash Management, Distributor-Supplier Financing package, MaxiPlan and Green/EV Financing.”

An added benefit of the partnership is “on the system integration between the Perodua Sales Operating System (PSOS) & the M2e platform which enables the automation of stock purchase by the dealers through debiting their respective Floor Stocking account and to also simultaneously facilitate the auto-reconciliation of stock payment between Perodua and the dealers on a real-time basis.”

Datuk Hamirullah said:

“Maybank has always been cognisant on the vital role that end-to-end digitisation plays within the auto finance industry. As business processes are done online via Maybank’s M2e platform, it allows Perodua dealers to perform their businesses with agility, enhance operational efficiencies, save cost and at the same time to have an upper advantage within their marketplace.”

Datuk Hamirullah added:

“With their banking and financing needs being taken care of by Maybank, we are confident that the dealers can then focus on business development and sales, leading to better overall profitability in line with our mission of Humanising Financial Services.”

On additional financing packages for Perodua, Maybank will also be “offering an immediate overdraft line of RM750,000 to cater to the short term financial needs of dealers on top of the generic Floor Stocking facility which is set at a minimum limit of RM1 Million for each Perodua dealer.”

To support upgrades to 3S flagship stores, Maybank will also “offer workshop financing programmes which is set at a minimum of RM 500,000 for each dealer, with the most affordable rates.”

Dato’ Sri Zainal stated:

“These improved processes would have a multiplier effect to our sales operations, especially for our 148 authorised sales dealers throughout the country as the credit facility would allow for better cash flow in their operations. This will go a long way in improving delivery time to our customers, which we are currently trying to reduce,”

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