Tagged: maybank

Digital Banking: Southeast Asia’s Maybank Indonesia Reports Financial Results

PT Bank Maybank Indonesia, Tbk. (Maybank Indonesia or the Bank) announced its Consolidated Financial Results ended 31 March 2023, “with Profit before Tax (PBT) increased by 33.3% to Rp750 billion from Rp562 billion last year.” This was “derived from improved earning on its assets composition… Read More

Malaysia: Maybank Introduces Savings Campaign Providing Opportunities to Donate to Charity

Maybank & Maybank Islamic have launched the You Save & Pledge, We Donate #ForYou campaign, which is described as “a unique, first-of-its-kind savings campaign that offers customers both the opportunity to win cash prizes as well as a chance to donate to charitable organizations.” This… Read More

Digital Banking: Malaysia’s Maybank Enhances Security with Add-on Feature

Maybank’s Kill Switch solution is now introducing a new security add-on, in addition to the Maybank2u access’ deactivation feature launched in late January this year. The new security add-on via Maybank2u (M2U) web and the MAE app “will allow customers to swiftly and conveniently temporarily… Read More

Maybank Introduces Malaysia’s Integrated Auto Financing Solution

Maybank introduced Malaysia’s integrated automobile financing solution for Electric Vehicle (EV) and Hybrid customers “covering various aspects of owning an EV or Hybrid vehicle including holistic financing solutions, insurance and takaful coverage as well as EV charging privileges.” This is in line “with the Group’s… Read More

Malaysia: Banking Platform Maybank Reports Substantial Net Profit for FY2022

Maybank, Southeast Asia’s fourth largest bank by assets, reported “a net profit of RM8.23 billion for the financial year ended 31 December 2022 (FY22).” Profit before tax (PBT) meanwhile, “was 11.6% higher at RM12.15 billion from RM10.89 billion a year earlier.” The better results were… Read More

Malaysia: Financial Literacy Program by Maybank to Benefit Students in ASEAN Region

As part of its efforts to enhance financial literacy among the younger generation in ASEAN, Maybank’s Cashville Kidz financial literacy program has reached out to 37,020 students and 945 educators in over 113 schools in 2022. In a year that was recovering from the pandemic,… Read More

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… Read More

Malaysia: Maybank Is Offering Assistance to SMEs Impacted by Recent Floods

Maybank announced that it is offering Flood Relief Assistance to individual, SME and other non-retail customers “affected by floods arising from heavy rainfall recently.” The relief assistance is “aimed at easing the financial burden of Maybank customers impacted by the floods.” The Flood Relief Assistance… Read More

Maybank Indonesia Records Substantial Profit, Reports Steady Growth of Digital Banking Business

Maybank Indonesia announced its Consolidated Financial Results for nine months ended 30 September 2022, “with Profit before Tax (PBT) of Rp1.48 trillion and Profit after Tax and Minority Interest (PATAMI) of Rp1.06 trillion.” The Bank’s PBT and PATAMI “remained comparatively stable to last year’s results.”… Read More

Malaysia’s Maybank Increases Online Banking Security

Maybank will fully migrate to a more secured authentication method via Secure2u by June 2023 for online activities or transactions “relating to account opening, fund transfers and payments as well as changes to personal information and account settings.” This is in line with Bank Negara’s… Read More

Malaysia’s Maybank Introduces Sustainable Product Framework to Support Green Finance

Maybank has designed its own Sustainable Product Framework (SPF) – the “first” by a Malaysian bank – “to enable greater development of green, social and sustainable products.” The framework, which will support the Group’s commitment of ‘Mobilizing RM50 billion in Sustainable Finance by 2025’, will… Read More

Maybank Introduces Digital Home Financing Solution via Its App

Maybank recently revealed that it has introduced its digital home financing solution “Maybank Home2u” via its MAE app which is able to provide approvals within seconds and is available to existing and new clients. Supported by Maybank’s automated decisioning engine, the solution provides a fully… Read More

Thailand’s Payments Platform, Omise, Launches Operations in Malaysia as Part of Southeast Asian Business Expansion Efforts

Omise, a Thailand-headquartered payments platform for businesses operating in Southeast Asia and Japan, revealed earlier this week that it has introduced its services in Malaysia as part of the firm’s expansion efforts across the region. Founded in 2013, Omise is a payments platform which offers… Read More

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… Read More

Grab Forms Partnership With Maybank For New E-Payment Services

Singapore-based ride-hailing company Grab announced on Tuesday it has teamed ups with Malayan Banking Bhd (Maybank) to launch a new cashless payment method known as the GrabPay mobile wallet. This news comes just a couple months after Grab announced the launch of its new financial services… Read More

Malaysia’s Maybank Expects “Maybank Samsung Pay” to Boost Customer Numbers by 100% in 2017

Last week, Malaysia’s largest bank, Maybank, announced it is expecting Maybank Samsung Pay to boost the number of customers using contactless payments among its cardholders by at least 100% by end 2017. The Maybank Pay launched in Malaysia this summer and already received nearly 40,000 installations… Read More

Maybank, the Largest Bank in Malaysia, Seeks to Disrupt Finance as it Backs Startups, Supports Crowdfunding

Amran Hassan, Head of Innovation at Maybank, Shares Insight into Maybank’s Innovative Approach Malaysia has been a leader in Asia in advocating, and legalizing, investment crowdfunding. Securities Commission (SC) Malaysia, the regulatory body that oversees the securities markets, has been a champion of new forms… Read More

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