KUALA LUMPUR – Maybank announced today that it has launched Maybank2u Biz, a mobile-first application for small and medium-sized enterprises (SME), with the key objective of making their banking requirements simple and secure, and to provide them with the necessary tools to help with their non-banking requirements as well, to ease business operations.
Maybank’s Group President and Chief Executive Officer, Datuk Abdul Farid Alias said that SMEs are the backbone of the country, and the Bank is committed to continue supporting them during this period of significant change.
Maybank2u Biz was developed to cater to the needs of busy business owners, who are always on the go and managing multiple tasks. It is suitable for partnerships, private limited companies, professional firms, educational institutions, clubs, society and associations.
With its simple and intuitive interface, banking transactions can be performed easily, anytime and anywhere via the application. The “Maker-Checker” authorisation process for transactions have also been simplified for efficient on-the-go approving without compromising on transparency.
Maybank2u Biz also comes with an “invoicing” tool which allows business owners to create, issue and track invoices. Invoices can be customised using ready-to-use templates, and sent out to their customers via various communication channels such as email and chat messaging applications on their mobile devices. Once issued, these invoices can be tracked on the dashboard of the application, helping businesses stay on top of their receivables.
In addition to its functionality, SMEs can also easily access their in-depth financial information through the application.
The Maybank2u Biz application can be downloaded from the Google Play Store and Apple AppStore today. Existing Maybank business customers can just download the application and log in with their Maybank2u Biz ID and password to start using it immediately and seamlessly, with the data from all their Maybank accounts automatically made available in the new application.
Non-Maybank customers are able to conveniently open a Maybank business account online via Maybank2u, with only a single trip to the branch to activate the account. Once activated, they may start using the application, and have access to all the banking features and business tools within.